WisdomTree Investments (NASDAQ:WETF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday.
According to Zacks, “INDIVIDUAL INVESTOR GROUP INC. is an information services company that publishes and markets Individual Investor magazine and Individual Investor’s Special Situations Report. In addition, the Company, through wholly owned subsidiaries, is the investment manager of private investment funds. “
Other analysts have also recently issued research reports about the stock. Deutsche Bank lowered their price objective on shares of WisdomTree Investments from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, April 6th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $12.00 target price on shares of WisdomTree Investments in a report on Friday, February 2nd. Citigroup reduced their target price on shares of WisdomTree Investments from $15.00 to $13.50 and set a “buy” rating on the stock in a report on Tuesday, February 6th. Bank of America reduced their target price on shares of WisdomTree Investments from $10.00 to $9.50 and set an “underperform” rating on the stock in a report on Monday, February 5th. Finally, BidaskClub raised shares of WisdomTree Investments from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. WisdomTree Investments has an average rating of “Hold” and an average price target of $11.95.
Shares of WisdomTree Investments stock traded down $0.23 on Friday, hitting $9.47. 1,053,774 shares of the company traded hands, compared to its average volume of 1,506,059. The stock has a market cap of $1,480.57, a P/E ratio of 39.46, a price-to-earnings-growth ratio of 1.68 and a beta of 2.67. WisdomTree Investments has a 12-month low of $7.87 and a 12-month high of $13.41.
WisdomTree Investments (NASDAQ:WETF) last posted 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). The company had revenue of $61.39 million for the quarter, compared to analysts’ expectations of $60.89 million. WisdomTree Investments had a net margin of 11.46% and a return on equity of 16.16%. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 EPS. equities research analysts forecast that WisdomTree Investments will post 0.38 EPS for the current year.
In other news, insider Kurt Macalpine purchased 19,710 shares of the business’s stock in a transaction on Monday, February 5th. The shares were acquired at an average price of $10.38 per share, with a total value of $204,589.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David J. Abner sold 25,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $10.52, for a total transaction of $263,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 941,936 shares of company stock worth $9,354,156. 16.10% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the business. Fred Alger Management Inc. raised its holdings in WisdomTree Investments by 26.2% in the fourth quarter. Fred Alger Management Inc. now owns 7,392,054 shares of the asset manager’s stock worth $92,770,000 after buying an additional 1,535,994 shares during the last quarter. Bain Capital Public Equity Management LLC purchased a new position in WisdomTree Investments during the 4th quarter worth approximately $16,444,000. TimesSquare Capital Management LLC raised its position in WisdomTree Investments by 16.3% during the 4th quarter. TimesSquare Capital Management LLC now owns 8,403,900 shares of the asset manager’s stock worth $105,469,000 after buying an additional 1,176,600 shares during the last quarter. Standard Life Aberdeen plc grew its stake in shares of WisdomTree Investments by 19.4% during the 4th quarter. Standard Life Aberdeen plc now owns 3,694,333 shares of the asset manager’s stock worth $46,383,000 after purchasing an additional 600,276 shares during the period. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of WisdomTree Investments during the 4th quarter worth approximately $5,194,000. 86.35% of the stock is currently owned by institutional investors and hedge funds.
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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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