Wise (LON:WISE) Announces Quarterly Earnings Results

Wise (LON:WISE) posted its quarterly earnings data on Thursday. The company reported GBX 18.23 EPS for the quarter, Digital Look Earnings reports. Wise had a return on equity of 41.22% and a net margin of 25.11%.

Wise Stock Performance

WISE stock traded down GBX 47 during trading on Thursday, reaching GBX 903.50. 385,583,406 shares of the stock were exchanged, compared to its average volume of 6,861,903. Wise has a twelve month low of GBX 726 and a twelve month high of GBX 1,225. The company has a market capitalization of £9.13 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 1.28 and a beta of 0.75. The stock has a 50 day simple moving average of GBX 1,038.62 and a 200-day simple moving average of GBX 1,048.37. The company has a current ratio of 1.06, a quick ratio of 0.06 and a debt-to-equity ratio of 22.88.

Insiders Place Their Bets

In related news, insider David Wells sold 100,000 shares of Wise stock in a transaction dated Monday, October 6th. The stock was sold at an average price of GBX 991, for a total transaction of £991,000. 36.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on WISE. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,380 price objective on shares of Wise in a research note on Tuesday, August 19th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,270 price objective on shares of Wise in a research note on Friday, August 29th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 1,325.

Wise Company Profile

Wise plc provides cross-border and domestic financial services for personal and business customers in the United Kingdom, rest of Europe, the Asia-Pacific, North America, and internationally. Its product portfolio includes international money transfer, wise account, international debit card, amount transfer, receive money, wise platform, business debit card, and mass payment services.