WisdomTree Investments (NASDAQ:WETF) has received a consensus rating of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $11.56.
WETF has been the subject of several recent analyst reports. Citigroup reduced their target price on shares of WisdomTree Investments from $15.00 to $13.50 and set a “buy” rating for the company in a research note on Tuesday, February 6th. Jefferies Group reiterated a “buy” rating and issued a $15.00 target price on shares of WisdomTree Investments in a research note on Thursday, January 11th. Zacks Investment Research upgraded shares of WisdomTree Investments from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Saturday, January 6th. BidaskClub lowered shares of WisdomTree Investments from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 25th. Finally, Deutsche Bank set a $13.00 target price on shares of WisdomTree Investments and gave the stock a “buy” rating in a research note on Tuesday, March 6th.
WETF traded up $0.19 during trading on Thursday, hitting $9.30. 750,716 shares of the company’s stock were exchanged, compared to its average volume of 1,511,925. WisdomTree Investments has a fifty-two week low of $7.87 and a fifty-two week high of $13.41. The company has a market cap of $1,227.19, a price-to-earnings ratio of 38.83, a PEG ratio of 1.57 and a beta of 2.67.
WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings data on Friday, February 2nd. The asset manager reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.03). WisdomTree Investments had a return on equity of 16.16% and a net margin of 11.46%. The business had revenue of $61.39 million for the quarter, compared to analyst estimates of $60.89 million. During the same quarter in the previous year, the company posted $0.03 EPS. The business’s quarterly revenue was up 20.8% on a year-over-year basis. analysts forecast that WisdomTree Investments will post 0.38 earnings per share for the current year.
In related news, CEO Jonathan L. Steinberg sold 81,663 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $10.15, for a total transaction of $828,879.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael H. Steinhardt sold 177,009 shares of the stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $9.94, for a total transaction of $1,759,469.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 941,936 shares of company stock valued at $9,354,156. 16.60% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB bought a new position in WisdomTree Investments during the fourth quarter worth about $182,000. MetLife Investment Advisors LLC purchased a new stake in WisdomTree Investments in the fourth quarter valued at approximately $674,000. Jane Street Group LLC raised its stake in WisdomTree Investments by 705.3% in the fourth quarter. Jane Street Group LLC now owns 101,902 shares of the asset manager’s stock valued at $1,279,000 after purchasing an additional 89,248 shares in the last quarter. Bain Capital Public Equity Management LLC purchased a new stake in WisdomTree Investments in the fourth quarter valued at approximately $16,444,000. Finally, Deutsche Bank AG raised its stake in WisdomTree Investments by 26.0% in the fourth quarter. Deutsche Bank AG now owns 942,023 shares of the asset manager’s stock valued at $11,819,000 after purchasing an additional 194,092 shares in the last quarter. Institutional investors own 86.35% of the company’s stock.
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WisdomTree Investments Company Profile
WisdomTree Investments, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.
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