WisdomTree Investments (NASDAQ:WETF) had its price target cut by equities research analysts at Citigroup from $15.00 to $13.50 in a research report issued on Tuesday. The firm currently has a “buy” rating on the asset manager’s stock. Citigroup’s price objective would suggest a potential upside of 35.27% from the company’s current price.

A number of other research firms also recently commented on WETF. Zacks Investment Research downgraded WisdomTree Investments from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. Jefferies Group reissued a “buy” rating and issued a $15.00 target price on shares of WisdomTree Investments in a report on Thursday, January 11th. BidaskClub raised WisdomTree Investments from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. Finally, Northland Securities reissued a “hold” rating and issued a $12.00 target price on shares of WisdomTree Investments in a report on Sunday, October 29th. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. WisdomTree Investments currently has a consensus rating of “Hold” and a consensus target price of $11.72.

WisdomTree Investments (NASDAQ WETF) traded down $0.03 during trading on Tuesday, reaching $9.98. The company’s stock had a trading volume of 608,299 shares, compared to its average volume of 1,421,680. WisdomTree Investments has a 12 month low of $7.87 and a 12 month high of $13.41. The firm has a market capitalization of $1,471.80, a P/E ratio of 49.90, a P/E/G ratio of 1.66 and a beta of 2.69.

WisdomTree Investments (NASDAQ:WETF) last released its earnings results on Friday, February 2nd. The asset manager reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). WisdomTree Investments had a net margin of 11.46% and a return on equity of 16.00%. The business had revenue of $61.39 million during the quarter, compared to analyst estimates of $60.89 million. During the same period last year, the business posted $0.03 EPS. WisdomTree Investments’s revenue was up 20.8% compared to the same quarter last year. equities analysts anticipate that WisdomTree Investments will post 0.43 EPS for the current fiscal year.

In other news, Director Frank Salerno sold 50,000 shares of WisdomTree Investments stock in a transaction on Friday, December 15th. The stock was sold at an average price of $11.71, for a total transaction of $585,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 16.60% of the company’s stock.

Several large investors have recently added to or reduced their stakes in WETF. Janus Henderson Group PLC acquired a new position in shares of WisdomTree Investments during the 2nd quarter worth $46,241,000. Robeco Institutional Asset Management B.V. purchased a new stake in WisdomTree Investments during the 4th quarter worth about $5,194,000. Vanguard Group Inc. increased its position in WisdomTree Investments by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 10,709,512 shares of the asset manager’s stock worth $108,916,000 after purchasing an additional 327,661 shares in the last quarter. Jackson Square Partners LLC increased its position in WisdomTree Investments by 4.9% during the 3rd quarter. Jackson Square Partners LLC now owns 3,310,365 shares of the asset manager’s stock worth $33,699,000 after purchasing an additional 153,705 shares in the last quarter. Finally, Engineers Gate Manager LP increased its position in WisdomTree Investments by 237.6% during the 4th quarter. Engineers Gate Manager LP now owns 157,462 shares of the asset manager’s stock worth $1,976,000 after purchasing an additional 110,825 shares in the last quarter. 89.75% 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.

Analyst Recommendations for WisdomTree Investments (NASDAQ:WETF)

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