Analysts Issue Forecasts for WisdomTree Investments, Inc.’s FY2018 Earnings (WETF)
WisdomTree Investments, Inc. (NASDAQ:WETF) – Stock analysts at William Blair raised their FY2018 EPS estimates for WisdomTree Investments in a research report issued to clients and investors on Thursday. William Blair analyst C. Shutler now expects that the asset manager will post earnings of $0.30 per share for the year, up from their prior forecast of $0.28.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings data on Friday, July 28th. The asset manager reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $63.40 million during the quarter, compared to analyst estimates of $57.27 million. WisdomTree Investments had a net margin of 13.33% and a return on equity of 15.41%. The company’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 earnings per share.
A number of other analysts have also issued reports on WETF. Keefe, Bruyette & Woods reissued an “underperform” rating on shares of WisdomTree Investments in a research report on Thursday, August 10th. BidaskClub lowered shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. ValuEngine raised shares of WisdomTree Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Gabelli reissued a “buy” rating on shares of WisdomTree Investments in a research report on Monday, July 31st. Finally, Zacks Investment Research lowered shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Thursday. Six investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $10.25.
WisdomTree Investments (WETF) opened at 10.62 on Monday. The stock has a 50 day moving average of $9.36 and a 200-day moving average of $9.44. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 48.27 and a beta of 3.15. WisdomTree Investments has a 52-week low of $7.87 and a 52-week high of $13.32.
In related news, Director Bruce I. Lavine sold 19,849 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $9.95, for a total transaction of $197,497.55. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.60% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of WETF. Penserra Capital Management LLC bought a new position in WisdomTree Investments during the second quarter valued at approximately $107,000. Shelton Capital Management bought a new position in WisdomTree Investments during the second quarter valued at approximately $116,000. Tudor Investment Corp ET AL bought a new position in WisdomTree Investments during the first quarter valued at approximately $123,000. Quantitative Systematic Strategies LLC bought a new position in WisdomTree Investments during the second quarter valued at approximately $133,000. Finally, Aperio Group LLC raised its position in WisdomTree Investments by 31.7% during the second quarter. Aperio Group LLC now owns 13,353 shares of the asset manager’s stock valued at $136,000 after acquiring an additional 3,212 shares in the last quarter. 92.49% of the stock is currently owned by hedge funds and other 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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