Wisdom Tree Investments (NASDAQ:WETF) was downgraded by analysts at Citigroup from a “neutral” rating to a “sell” rating in a research report issued to clients and investors on Monday, February 4th, Marketbeat reports.
Several other analysts have also recently commented on WETF. Zacks Investment Research raised shares of Wisdom Tree Investments from a “sell” rating to a “hold” rating in a research note on Saturday, January 19th. Morgan Stanley set a $9.00 target price on shares of Wisdom Tree Investments and gave the stock a “hold” rating in a research note on Wednesday, November 14th. Finally, Credit Suisse Group lowered their target price on shares of Wisdom Tree Investments from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $8.70.
Shares of WETF traded up $0.21 during mid-day trading on Monday, reaching $7.99. 2,345,844 shares of the company’s stock were exchanged, compared to its average volume of 2,066,675. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.84 and a quick ratio of 1.77. Wisdom Tree Investments has a 52-week low of $5.73 and a 52-week high of $11.82. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 2.83 and a beta of 1.66.
Wisdom Tree Investments (NASDAQ:WETF) last issued its quarterly earnings data on Friday, February 1st. The asset manager reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.02). Wisdom Tree Investments had a return on equity of 16.32% and a net margin of 13.33%. The business had revenue of $67.90 million for the quarter, compared to analysts’ expectations of $68.18 million. During the same period last year, the business earned $0.04 earnings per share. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, equities analysts expect that Wisdom Tree Investments will post 0.25 earnings per share for the current fiscal year.
In other news, insider Peter M. Ziemba acquired 16,000 shares of the business’s stock in a transaction on Monday, February 4th. The shares were purchased at an average price of $6.07 per share, for a total transaction of $97,120.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Amit Muni acquired 13,500 shares of the business’s stock in a transaction on Monday, February 4th. The stock was purchased at an average price of $5.99 per share, for a total transaction of $80,865.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 164,500 shares of company stock worth $982,285 in the last 90 days. Company insiders own 14.50% of the company’s stock.
A number of hedge funds have recently modified their holdings of WETF. Cubist Systematic Strategies LLC bought a new stake in shares of Wisdom Tree Investments in the 2nd quarter worth about $230,000. MetLife Investment Advisors LLC increased its position in shares of Wisdom Tree Investments by 51.6% in the 3rd quarter. MetLife Investment Advisors LLC now owns 81,408 shares of the asset manager’s stock worth $690,000 after purchasing an additional 27,720 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Wisdom Tree Investments by 62.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,320 shares of the asset manager’s stock worth $69,000 after purchasing an additional 3,956 shares during the last quarter. McGuire Investment Group LLC bought a new stake in shares of Wisdom Tree Investments in the 3rd quarter worth about $3,578,000. Finally, Standard Life Aberdeen plc increased its position in shares of Wisdom Tree Investments by 6.4% in the 3rd quarter. Standard Life Aberdeen plc now owns 4,545,279 shares of the asset manager’s stock worth $38,567,000 after purchasing an additional 272,344 shares during the last quarter. Hedge funds and other institutional investors own 68.73% of the company’s stock.
Wisdom Tree Investments Company Profile
WisdomTree Investments, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.
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