Wise Group (NASDAQ:WSE) CFO Emmanuel Francois Je Thomassin Sells 6,040 Shares of Stock

Wise Group plc (NASDAQ:WSE) CFO Emmanuel Francois Je Thomassin sold 6,040 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $11.75, for a total value of $70,970.00. Following the sale, the chief financial officer owned 4,853 shares of the company’s stock, valued at $57,022.75. The trade was a 55.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Wise Group Trading Down 0.3%

Shares of Wise Group stock traded down $0.03 on Monday, hitting $10.95. 3,117,050 shares of the company were exchanged, compared to its average volume of 2,275,641. Wise Group plc has a 1-year low of $10.36 and a 1-year high of $17.47. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s 50-day moving average is $12.18.

Wise Group (NASDAQ:WSE) last announced its quarterly earnings results on Thursday, June 25th. The company reported $0.12 earnings per share for the quarter. The firm had revenue of $576.48 million for the quarter. Analysts predict that Wise Group plc will post 0.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Canaccord Genuity Group assumed coverage on shares of Wise Group in a research note on Wednesday, September 2nd. They issued a “buy” rating for the company. Morgan Stanley assumed coverage on Wise Group in a research report on Monday, June 29th. They set an “equal weight” rating and a $16.10 price target on the stock. Barclays upgraded Wise Group to a “strong-buy” rating in a research note on Tuesday, July 7th. UBS Group boosted their target price on Wise Group from $16.00 to $17.25 and gave the stock a “buy” rating in a research report on Tuesday, October 13th. Finally, Wall Street Zen lowered shares of Wise Group from a “hold” rating to a “sell” rating in a research report on Saturday. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.94.

Institutional Investors Weigh In On Wise Group

Several hedge funds have recently modified their holdings of WSE. TD Waterhouse Canada Inc. purchased a new stake in Wise Group during the second quarter valued at about $49,000. Versant Capital Management Inc acquired a new position in shares of Wise Group in the 3rd quarter valued at approximately $114,000. Two Sigma Securities LLC bought a new position in shares of Wise Group during the second quarter worth about $125,000. Resolute Advisors LLC bought a new stake in shares of Wise Group in the 2nd quarter valued at approximately $192,000. Finally, jvl associates llc bought a new stake in shares of Wise Group during the 3rd quarter valued at about $230,000.

Wise Group Company Profile

Wise Group PLC is a technology company. Its product offering includes Wise Account, Wise Business and Wise Platform. Wise Account is its solution for people with cross-border financial needs. Wise Business offers product along with business-specific functionalities designed to enable business customers. Wise Platform provide financial services for banks, financial institutions and enterprises. Wise Group PLC is based in LONDON, United Kingdom.