WisdomTree Investments, Inc. (WETF) Rating Lowered to Strong Sell at BidaskClub
WisdomTree Investments, Inc. (NASDAQ:WETF) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.
WETF has been the subject of several other reports. Zacks Investment Research lowered WisdomTree Investments from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Jefferies Group LLC reiterated a “buy” rating and issued a $14.00 price objective on shares of WisdomTree Investments in a research report on Wednesday, June 28th. ValuEngine lowered WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Citigroup Inc. upgraded WisdomTree Investments from a “neutral” rating to a “buy” rating and set a $10.50 price objective for the company in a research report on Monday, May 15th. Finally, UBS AG reiterated a “sell” rating and issued a $8.00 price objective (up from $7.50) on shares of WisdomTree Investments in a research report on Monday, July 31st. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. WisdomTree Investments has a consensus rating of “Hold” and a consensus target price of $10.11.
Shares of WisdomTree Investments (WETF) opened at 8.91 on Friday. WisdomTree Investments has a 12-month low of $7.87 and a 12-month high of $13.32. The firm has a market capitalization of $1.20 billion, a PE ratio of 40.50 and a beta of 3.09. The company’s 50 day moving average is $10.10 and its 200 day moving average is $9.39.
WisdomTree Investments (NASDAQ:WETF) last issued its quarterly earnings data on Friday, July 28th. The asset manager reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02. WisdomTree Investments had a return on equity of 15.41% and a net margin of 13.33%. The business had revenue of $63.40 million during the quarter, compared to analyst estimates of $57.27 million. During the same period in the previous year, the firm earned $0.07 EPS. WisdomTree Investments’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, analysts forecast that WisdomTree Investments will post $0.24 earnings per share for the current year.
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In other news, Director Bruce I. Lavine sold 19,849 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $9.95, for a total value of $197,497.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 16.10% of the company’s stock.
Several large investors have recently added to or reduced their stakes in WETF. Penserra Capital Management LLC bought a new stake in WisdomTree Investments during the second quarter valued at approximately $107,000. Shelton Capital Management acquired a new stake in WisdomTree Investments during the second quarter worth $116,000. State of Alaska Department of Revenue acquired a new stake in WisdomTree Investments during the first quarter worth $115,000. Quantitative Systematic Strategies LLC acquired a new stake in WisdomTree Investments during the second quarter worth $133,000. Finally, Capstone Asset Management Co. acquired a new stake in WisdomTree Investments during the first quarter worth $120,000. 95.28% of the stock is owned by institutional investors.
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.
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