Wealthfront (NASDAQ:WLTH) Stock Rating Upgraded by Wall Street Zen

Wealthfront (NASDAQ:WLTH) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Friday.

Several other brokerages have also recently commented on WLTH. The Goldman Sachs Group set a $12.00 price target on Wealthfront in a research report on Tuesday. Zacks Research raised Wealthfront to a “hold” rating in a report on Thursday, January 15th. Finally, Wells Fargo & Company decreased their target price on shares of Wealthfront from $16.50 to $15.50 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.75.

Wealthfront Price Performance

Wealthfront stock opened at $9.20 on Friday. Wealthfront has a 1-year low of $8.56 and a 1-year high of $14.88.

Wealthfront (NASDAQ:WLTH) last posted its quarterly earnings data on Monday, January 12th. The company reported $0.21 EPS for the quarter. The business had revenue of $93.22 million for the quarter.

Institutional Trading of Wealthfront

A hedge fund recently bought a new stake in Wealthfront stock. Realta Investment Advisors bought a new position in shares of Wealthfront (NASDAQ:WLTH) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 14,300 shares of the company’s stock, valued at approximately $194,000.

Wealthfront Company Profile

Wealthfront (NASDAQ:WLTH) is a technology-driven wealth management firm that provides automated investment services to individual investors. Operating as a robo-advisor, the company uses algorithms and software to construct and manage diversified portfolios largely composed of low-cost exchange-traded funds (ETFs). Its platform is geared toward long-term, goal-based investing with an emphasis on passive strategies, automated rebalancing and straightforward user experience delivered through web and mobile applications.

The company’s product suite includes automated portfolio management, tax-loss harvesting and goal-planning tools that help clients set and track financial objectives.