Brokerages Set Wealthfront (NASDAQ:WLTH) PT at $11.50

Wealthfront (NASDAQ:WLTH) has received an average recommendation of “Hold” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $12.1667.

WLTH has been the topic of several recent research reports. Weiss Ratings started coverage on Wealthfront in a research report on Wednesday, March 11th. They issued a “sell (d)” rating on the stock. Wells Fargo & Company lowered their target price on Wealthfront from $12.50 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th. KeyCorp began coverage on Wealthfront in a report on Tuesday, January 6th. They issued a “sector weight” rating on the stock. Citizens Jmp cut their price target on Wealthfront from $20.00 to $17.00 and set a “market outperform” rating for the company in a research note on Monday. Finally, The Goldman Sachs Group decreased their price target on Wealthfront from $12.00 to $10.50 and set a “neutral” rating for the company in a report on Thursday, March 12th.

Institutional Trading of Wealthfront

Hedge funds have recently made changes to their positions in the company. Sandia Investment Management LP purchased a new stake in shares of Wealthfront in the fourth quarter valued at about $44,000. Barclays PLC acquired a new position in shares of Wealthfront during the fourth quarter worth about $136,000. Symmetry Investments LP purchased a new position in Wealthfront during the fourth quarter worth about $190,000. Realta Investment Advisors acquired a new stake in Wealthfront in the fourth quarter valued at about $194,000. Finally, Hudson Bay Capital Management LP acquired a new stake in Wealthfront in the fourth quarter valued at about $245,000.

Wealthfront Stock Up 0.9%

WLTH stock opened at $7.93 on Thursday. The firm has a fifty day simple moving average of $8.58. Wealthfront has a 12 month low of $7.20 and a 12 month high of $14.88.

Wealthfront (NASDAQ:WLTH) last posted its quarterly earnings data on Wednesday, March 11th. The company reported ($1.31) EPS for the quarter, missing analysts’ consensus estimates of ($1.24) by ($0.07). The business had revenue of $96.14 million for the quarter, compared to the consensus estimate of $91.95 million.

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.