Morgan Stanley Cuts WisdomTree Investments (WETF) Price Target to $13.00

WisdomTree Investments (NASDAQ:WETF) had its price objective dropped by investment analysts at Morgan Stanley from $14.00 to $13.00 in a research report issued to clients and investors on Tuesday. The brokerage presently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s price objective suggests a potential upside of 26.83% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the stock. 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. BidaskClub raised shares of WisdomTree Investments from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 6th. 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, Zacks Investment Research downgraded shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $11.85.

Shares of WisdomTree Investments (NASDAQ:WETF) traded up $0.20 during trading hours on Tuesday, reaching $10.25. 1,592,300 shares of the company’s stock traded hands, compared to its average volume of 1,585,035. WisdomTree Investments has a 52 week low of $7.87 and a 52 week high of $13.41. The firm has a market cap of $1,376.81, a P/E ratio of 51.25, a P/E/G ratio of 1.56 and a beta of 2.69.

WisdomTree Investments (NASDAQ:WETF) last announced its earnings results on Friday, February 2nd. The asset manager reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.03). WisdomTree Investments had a net margin of 11.46% and a return on equity of 16.00%. The firm had revenue of $61.39 million for the quarter, compared to analyst estimates of $60.89 million. During the same period last year, the firm earned $0.03 earnings per share. WisdomTree Investments’s revenue for the quarter was up 20.8% compared to the same quarter last year. equities analysts anticipate that WisdomTree Investments will post 0.43 earnings per share for the current fiscal year.

In other WisdomTree Investments news, insider Kurt Macalpine bought 19,710 shares of the stock in a transaction on Monday, February 5th. The shares were purchased at an average cost of $10.38 per share, with a total value of $204,589.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank Salerno sold 50,000 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $11.71, for a total transaction of $585,500.00. The disclosure for this sale can be found here. Corporate insiders own 16.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Beacon Capital Management acquired a new position in WisdomTree Investments during the fourth quarter worth $0. Everence Capital Management Inc. bought a new stake in WisdomTree Investments during the third quarter valued at about $103,000. Penserra Capital Management LLC bought a new stake in WisdomTree Investments during the second quarter valued at about $107,000. Traynor Capital Management Inc. bought a new stake in WisdomTree Investments during the third quarter valued at about $111,000. Finally, 3D Asset Management Inc. bought a new stake in WisdomTree Investments during the third quarter valued at about $112,000. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

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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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