Zacks Investment Research upgraded shares of Wisdom Tree Investments (NASDAQ:WETF) from a hold rating to a buy rating in a report released on Saturday morning, Zacks.com reports. The firm currently has $8.50 price objective on the asset manager’s stock.
According to Zacks, “INDIVIDUAL INVESTOR GROUP INC. is an information services company that publishes and markets Individual Investor magazine and Individual Investor’s Special Situations Report. In addition, the Company, through wholly owned subsidiaries, is the investment manager of private investment funds. “
Other research analysts have also issued research reports about the company. ValuEngine upgraded Wisdom Tree Investments from a strong sell rating to a sell rating in a research report on Tuesday, February 12th. BidaskClub lowered Wisdom Tree Investments from a hold rating to a sell rating in a research report on Wednesday, March 13th. Citigroup upgraded Wisdom Tree Investments from a sell rating to a neutral rating and increased their target price for the company from $6.00 to $6.50 in a research report on Tuesday, December 18th. Northland Securities reiterated a hold rating and set a $9.00 target price on shares of Wisdom Tree Investments in a research report on Friday, April 12th. Finally, Morgan Stanley set a $7.00 target price on Wisdom Tree Investments and gave the company a hold rating in a research report on Friday, February 8th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $8.50.
Wisdom Tree Investments stock opened at $7.86 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.74 and a current ratio of 1.88. Wisdom Tree Investments has a 12 month low of $5.73 and a 12 month high of $11.82. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 24.56, a P/E/G ratio of 2.90 and a beta of 1.66.
Wisdom Tree Investments (NASDAQ:WETF) last released its quarterly earnings data on Friday, February 1st. The asset manager reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.02). Wisdom Tree Investments had a return on equity of 15.70% and a net margin of 13.33%. The company had revenue of $67.90 million during the quarter, compared to analysts’ expectations of $68.18 million. During the same quarter in the prior year, the company posted $0.04 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. Sell-side analysts expect that Wisdom Tree Investments will post 0.26 earnings per share for the current year.
In other Wisdom Tree Investments news, insider Peter M. Ziemba bought 16,000 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Anthony Bossone bought 50,000 shares of the firm’s stock in a transaction dated Monday, February 4th. The shares were acquired at an average price of $5.92 per share, for a total transaction of $296,000.00. The disclosure for this purchase can be found here. Insiders have bought a total of 164,500 shares of company stock worth $982,285 in the last quarter. Insiders own 14.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Deutsche Bank AG raised its stake in Wisdom Tree Investments by 253.6% in the 4th quarter. Deutsche Bank AG now owns 1,153,014 shares of the asset manager’s stock valued at $7,666,000 after purchasing an additional 826,947 shares during the last quarter. Geode Capital Management LLC raised its stake in Wisdom Tree Investments by 8.4% in the 4th quarter. Geode Capital Management LLC now owns 1,348,525 shares of the asset manager’s stock valued at $8,967,000 after purchasing an additional 104,173 shares during the last quarter. Norges Bank acquired a new position in Wisdom Tree Investments in the 4th quarter valued at $3,057,000. Dimensional Fund Advisors LP raised its stake in Wisdom Tree Investments by 3.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,599,120 shares of the asset manager’s stock valued at $23,934,000 after purchasing an additional 131,218 shares during the last quarter. Finally, Amalgamated Bank acquired a new position in Wisdom Tree Investments in the 4th quarter valued at $126,000. 71.84% 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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