Wise Group (NASDAQ:WSE) Stock Lifted to “Hold” by Wall Street Zen

Wise Group (NASDAQ:WSE) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

WSE has been the topic of several other reports. UBS Group increased their price target on shares of Wise Group from $17.25 to $18.00 and gave the stock a “buy” rating in a research report on Friday. Monness Crespi & Hardt raised shares of Wise Group to a “strong-buy” rating in a research report on Friday, October 16th. Weiss Ratings upgraded Wise Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 6th. Canaccord Genuity Group assumed coverage on Wise Group in a report on Wednesday, September 2nd. They issued a “buy” rating on the stock. Finally, JPMorgan Chase & Co. lifted their target price on Wise Group from $17.30 to $17.70 and gave the company an “overweight” rating in a research report on Friday, October 16th. Three equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $17.12.

Wise Group Trading Up 2.7%

Shares of NASDAQ:WSE opened at $11.23 on Friday. The business has a 50 day simple moving average of $11.47. Wise Group has a twelve month low of $10.36 and a twelve month high of $17.47. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.17.

Wise Group (NASDAQ:WSE) last posted its quarterly earnings data on Friday, November 13th. The company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $726.55 million during the quarter. As a group, analysts predict that Wise Group will post 0.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other Wise Group news, CFO Emmanuel Francois Je Thomassin sold 6,040 shares of Wise Group stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $11.75, for a total transaction of $70,970.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Nilan Peiris sold 58,262 shares of the company’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 transaction of $684,578.50. Following the completion of the transaction, the insider owned 2,516,438 shares of the company’s stock, valued at approximately $29,568,146.50. The trade was a 2.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 106,626 shares of company stock worth $1,252,856.

Institutional Trading of Wise Group

Several institutional investors and hedge funds have recently modified their holdings of the company. Ninety One UK Ltd boosted its holdings in Wise Group by 37.4% in the 3rd quarter. Ninety One UK Ltd now owns 7,195,705 shares of the company’s stock worth $82,629,000 after buying an additional 1,959,751 shares during the period. Amundi purchased a new stake in Wise Group in the 2nd quarter worth $58,328,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in Wise Group by 9.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 4,771,451 shares of the company’s stock valued at $54,347,000 after acquiring an additional 392,895 shares during the period. Russell Investments Group Ltd. raised its holdings in Wise Group by 26.6% during the third quarter. Russell Investments Group Ltd. now owns 3,324,727 shares of the company’s stock valued at $38,174,000 after acquiring an additional 697,743 shares during the period. Finally, Edmond DE Rothschild Holding S.A. purchased a new position in shares of Wise Group in the third quarter valued at about $35,522,000.

Wise Group Company Profile

Wise Group AB is a Swedish human resources and staffing company that provides recruitment, consulting and related workforce services to employers. Its services have covered areas including information technology, finance, human resources, sales and marketing. The company serves businesses in Sweden through specialist brands and teams focused on different professional fields. Its offerings include permanent recruitment, interim staffing and consulting support. Wise Group was founded in 1999 and is headquartered in Stockholm, Sweden.