BidaskClub Downgrades WisdomTree Investments (WETF) to Buy

WisdomTree Investments (NASDAQ:WETF) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Thursday.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Northland Securities reaffirmed a “hold” rating and issued a $12.00 price target on shares of WisdomTree Investments in a research note on Sunday, October 29th. Keefe, Bruyette & Woods raised shares of WisdomTree Investments from an “underperform” rating to a “mkt perform” rating in a research note on Tuesday, November 14th. Citigroup reaffirmed a “buy” rating and issued a $15.00 price target on shares of WisdomTree Investments in a research note on Monday, October 30th. Finally, UBS Group lifted their price target 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 given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $11.94.

WisdomTree Investments (WETF) opened at $12.33 on Thursday. WisdomTree Investments has a one year low of $7.87 and a one year high of $13.41. The firm has a market cap of $1,671.69, a P/E ratio of 56.05, a price-to-earnings-growth ratio of 1.89 and a beta of 3.16.

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

In other news, Director Frank Salerno sold 50,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $11.71, for a total value of $585,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 16.10% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its holdings in WisdomTree Investments by 3.5% during the second quarter. PNC Financial Services Group Inc. now owns 19,688 shares of the asset manager’s stock worth $201,000 after buying an additional 668 shares during the last quarter. Tudor Investment Corp ET AL increased its holdings in WisdomTree Investments by 5.4% during the second quarter. Tudor Investment Corp ET AL now owns 14,289 shares of the asset manager’s stock worth $145,000 after buying an additional 726 shares during the last quarter. Amalgamated Bank increased its holdings in WisdomTree Investments by 5.0% during the second quarter. Amalgamated Bank now owns 15,966 shares of the asset manager’s stock worth $162,000 after buying an additional 760 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in WisdomTree Investments by 0.3% during the second quarter. TIAA CREF Investment Management LLC now owns 310,856 shares of the asset manager’s stock worth $3,161,000 after buying an additional 1,011 shares during the last quarter. Finally, Advisor Group Inc. increased its holdings in WisdomTree Investments by 12.4% during the second quarter. Advisor Group Inc. now owns 15,383 shares of the asset manager’s stock worth $157,000 after buying an additional 1,700 shares during the last quarter. 89.43% of the stock is currently owned by institutional investors and hedge funds.

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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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