Zacks Investment Research downgraded shares of WisdomTree Investments (NASDAQ:WETF) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

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. “

Several other research analysts also recently commented on the company. Northland Securities reissued a hold rating and issued a $12.00 price objective on shares of WisdomTree Investments in a research note on Sunday, October 29th. Jefferies Group reissued a buy rating and issued a $15.00 price objective on shares of WisdomTree Investments in a research note on Thursday, January 11th. BidaskClub raised WisdomTree Investments from a buy rating to a strong-buy rating in a research note on Friday, December 22nd. Citigroup reissued a buy rating and issued a $15.00 price objective on shares of WisdomTree Investments in a research note on Monday, October 30th. Finally, UBS Group increased their price objective on WisdomTree Investments from $8.00 to $8.50 and gave the company a sell rating in a research note on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $11.94.

Shares of WisdomTree Investments (NASDAQ WETF) traded down $0.39 during trading hours on Friday, hitting $12.84. The stock had a trading volume of 870,100 shares, compared to its average volume of 1,067,240. WisdomTree Investments has a 52-week low of $7.87 and a 52-week high of $13.41. The stock has a market cap of $1,811.34, a price-to-earnings ratio of 58.37, a price-to-earnings-growth ratio of 2.11 and a beta of 3.16.

WisdomTree Investments (NASDAQ:WETF) last announced its earnings results on Friday, October 27th. The asset manager reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. The firm had revenue of $57.99 million for the quarter, compared to analyst estimates of $57.89 million. During the same quarter last year, the firm posted $0.06 EPS. The business’s revenue was up 12.0% on a year-over-year basis. equities analysts expect that WisdomTree Investments will post 0.25 earnings per share for the current year.

In related news, Director Frank Salerno sold 50,000 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $11.71, for a total value of $585,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 16.60% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of WETF. Everence Capital Management Inc. acquired a new stake in shares of WisdomTree Investments in the 3rd quarter worth $103,000. Traynor Capital Management Inc. acquired a new stake in shares of WisdomTree Investments in the 3rd quarter worth $111,000. 3D Asset Management Inc. acquired a new stake in shares of WisdomTree Investments in the 3rd quarter worth $112,000. Shelton Capital Management acquired a new stake in shares of WisdomTree Investments in the 2nd quarter worth $116,000. Finally, Jane Street Group LLC acquired a new stake in shares of WisdomTree Investments in the 3rd quarter worth $129,000. 89.41% of the stock is owned by institutional investors and hedge funds.

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About WisdomTree Investments

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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