WisdomTree Investments (NASDAQ:WETF) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday.

WETF has been the topic of a number of other research reports. Deutsche Bank started coverage on WisdomTree Investments in a report on Tuesday, October 17th. They set a “buy” rating and a $13.00 price target on the stock. Jefferies Group reaffirmed a “buy” rating and set a $14.00 price target on shares of WisdomTree Investments in a report on Thursday, September 7th. Zacks Investment Research cut WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $9.25 price target on shares of WisdomTree Investments in a report on Thursday, September 21st. Finally, UBS boosted their target price on WisdomTree Investments from $8.00 to $8.50 and gave the stock a “sell” rating in a report on Tuesday, November 14th. Four research analysts have rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $11.28.

Shares of WisdomTree Investments (NASDAQ:WETF) traded up $0.27 during midday trading on Wednesday, reaching $11.96. 1,415,256 shares of the company’s stock were exchanged, compared to its average volume of 1,827,346. WisdomTree Investments has a 1 year low of $7.87 and a 1 year high of $13.32. The company has a market capitalization of $1,637.47, a PE ratio of 52.00, a P/E/G ratio of 2.82 and a beta of 3.16.

WisdomTree Investments (NASDAQ:WETF) last issued its earnings results on Friday, October 27th. The asset manager reported $0.06 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.06. The firm had revenue of $57.99 million for the quarter, compared to analysts’ expectations of $57.89 million. WisdomTree Investments had a net margin of 12.98% and a return on equity of 15.47%. WisdomTree Investments’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company posted $0.06 earnings per share. analysts forecast that WisdomTree Investments will post 0.25 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of WETF. California Public Employees Retirement System grew its position in WisdomTree Investments by 1.6% during the 1st quarter. California Public Employees Retirement System now owns 50,100 shares of the asset manager’s stock worth $455,000 after purchasing an additional 800 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of WisdomTree Investments by 9.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 472,296 shares of the asset manager’s stock valued at $4,289,000 after buying an additional 39,917 shares during the period. Capstone Asset Management Co. boosted its stake in shares of WisdomTree Investments by 49.6% during the 2nd quarter. Capstone Asset Management Co. now owns 19,730 shares of the asset manager’s stock valued at $201,000 after buying an additional 6,541 shares during the period. Bank of Montreal Can boosted its stake in shares of WisdomTree Investments by 0.7% during the 2nd quarter. Bank of Montreal Can now owns 50,078 shares of the asset manager’s stock valued at $508,000 after buying an additional 356 shares during the period. Finally, Aperio Group LLC boosted its stake in shares of WisdomTree Investments by 31.7% during the 2nd quarter. Aperio Group LLC now owns 13,353 shares of the asset manager’s stock valued at $136,000 after buying an additional 3,212 shares during the period. Hedge funds and other institutional investors own 91.61% of the company’s stock.

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WisdomTree Investments Company Profile

WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes funds that track its own indexes, funds that track third party indexes and actively managed funds. It operates as an exchange traded products sponsor and asset manager providing investment advisory services in the United States, Europe, Canada and Japan.

Analyst Recommendations for WisdomTree Investments (NASDAQ:WETF)

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