Wisdom Tree Investments (NASDAQ:WETF) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Monday, February 4th.
A number of other research firms also recently weighed in on WETF. Zacks Investment Research upgraded Wisdom Tree Investments from a “sell” rating to a “hold” rating in a research note on Saturday, October 13th. Credit Suisse Group reduced their target price on 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. Morgan Stanley set a $10.00 price objective on Wisdom Tree Investments and gave the company a “hold” rating in a report on Wednesday, October 10th. Finally, Citigroup raised Wisdom Tree Investments from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $6.00 to $6.50 in a report on Tuesday, December 18th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $8.70.
NASDAQ:WETF traded up $0.21 during mid-day trading on Monday, hitting $7.99. The company had a trading volume of 2,345,844 shares, compared to its average volume of 2,066,675. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 2.83 and a beta of 1.66. The company has a current ratio of 1.84, a quick ratio of 1.77 and a debt-to-equity ratio of 0.52. Wisdom Tree Investments has a fifty-two week low of $5.73 and a fifty-two week high of $11.82.
Wisdom Tree Investments (NASDAQ:WETF) last released its quarterly earnings results on Friday, February 1st. The asset manager reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.02). The business had revenue of $67.90 million for the quarter, compared to analyst estimates of $68.18 million. Wisdom Tree Investments had a return on equity of 16.32% and a net margin of 13.33%. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.04 EPS. Sell-side analysts predict that Wisdom Tree Investments will post 0.25 earnings per share for the current year.
In other Wisdom Tree Investments news, CFO Amit Muni bought 13,500 shares of the stock in a transaction dated Monday, February 4th. The stock was purchased at an average cost of $5.99 per share, for a total transaction of $80,865.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter M. Ziemba acquired 16,000 shares of the firm’s stock in a transaction that occurred on Monday, February 4th. The stock was purchased at an average price of $6.07 per share, with a total value of $97,120.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 164,500 shares of company stock valued at $982,285. 14.50% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in Wisdom Tree Investments by 11.0% in the 3rd quarter. BlackRock Inc. now owns 16,854,632 shares of the asset manager’s stock worth $142,927,000 after buying an additional 1,669,071 shares during the period. Vanguard Group Inc. boosted its holdings in Wisdom Tree Investments by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 12,556,450 shares of the asset manager’s stock worth $106,479,000 after buying an additional 277,925 shares during the period. Vanguard Group Inc boosted its holdings in Wisdom Tree Investments by 2.3% in the 3rd quarter. Vanguard Group Inc now owns 12,556,450 shares of the asset manager’s stock worth $106,479,000 after buying an additional 277,925 shares during the period. Clearbridge Investments LLC boosted its holdings in Wisdom Tree Investments by 4.6% in the 3rd quarter. Clearbridge Investments LLC now owns 6,090,103 shares of the asset manager’s stock worth $51,644,000 after buying an additional 268,811 shares during the period. Finally, Millennium Management LLC boosted its holdings in Wisdom Tree Investments by 221.2% in the 4th quarter. Millennium Management LLC now owns 4,982,385 shares of the asset manager’s stock worth $33,133,000 after buying an additional 3,430,999 shares during the period. 68.73% of the stock is owned by hedge funds and other institutional investors.
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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