WisdomTree Investments (NASDAQ:WETF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Sunday. The brokerage presently has a $15.00 target price on the asset manager’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 16.28% from the company’s previous close.
According to Zacks, “INDIVIDUAL INVESTOR GROUP INC. is an information services company that publishes and markets Individual Investor magazine and Individual Investor’s Special Situations Report. In addition, the Company, through wholly owned subsidiaries, is the investment manager of private investment funds. “
Several other equities research analysts also recently weighed in on WETF. Keefe, Bruyette & Woods restated a “sell” rating and issued a $10.00 target price on shares of WisdomTree Investments in a research note on Thursday, October 12th. Deutsche Bank started coverage on shares of WisdomTree Investments in a research note on Tuesday, October 17th. They issued a “buy” rating and a $13.00 target price for the company. Northland Securities restated a “hold” rating and issued a $12.00 target price on shares of WisdomTree Investments in a research note on Sunday, October 29th. Citigroup restated a “buy” rating and issued a $15.00 target price on shares of WisdomTree Investments in a research note on Monday, October 30th. Finally, UBS Group raised their target price on shares of WisdomTree Investments from $8.00 to $8.50 and gave the company a “sell” rating in a research note on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. WisdomTree Investments has a consensus rating of “Buy” and a consensus target price of $12.06.
WisdomTree Investments (NASDAQ:WETF) last announced its earnings results on Friday, October 27th. The asset manager reported $0.06 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. The company had revenue of $57.99 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm earned $0.06 earnings per share. research analysts forecast that WisdomTree Investments will post 0.25 EPS for the current fiscal year.
In other news, Director Frank Salerno sold 50,000 shares of WisdomTree Investments stock in a transaction on Friday, December 15th. The shares were sold at an average price of $11.71, for a total transaction of $585,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 16.10% of the company’s stock.
Large investors have recently bought and sold shares of the company. Everence Capital Management Inc. acquired a new stake in shares of WisdomTree Investments during the third quarter worth $103,000. Traynor Capital Management Inc. acquired a new stake in shares of WisdomTree Investments during the third quarter worth $111,000. 3D Asset Management Inc. acquired a new stake in shares of WisdomTree Investments during the third quarter worth $112,000. Shelton Capital Management acquired a new stake in shares of WisdomTree Investments during the second quarter worth $116,000. Finally, Jane Street Group LLC acquired a new stake in shares of WisdomTree Investments during the third quarter worth $129,000. Institutional investors and hedge funds own 89.41% of the company’s stock.
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About WisdomTree Investments
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.
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