WisdomTree Investments, Inc. (NASDAQ:WETF)‘s stock had its “hold” rating reissued by equities research analysts at Northland Securities in a research report issued on Sunday. They currently have a $10.50 price target on the asset manager’s stock. Northland Securities’ target price points to a potential upside of 3.65% from the company’s current price.
WETF has been the subject of several other reports. Zacks Investment Research downgraded WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Jefferies Group LLC restated a “buy” rating and issued a $14.00 price target on shares of WisdomTree Investments in a research note on Wednesday, June 28th. BidaskClub upgraded WisdomTree Investments from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. ValuEngine downgraded WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Finally, Keefe, Bruyette & Woods restated a “sell” rating and issued a $8.00 price target on shares of WisdomTree Investments in a research note on Monday, April 10th. Five equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. WisdomTree Investments presently has a consensus rating of “Hold” and a consensus price target of $10.00.
Shares of WisdomTree Investments (WETF) opened at 10.13 on Friday. The firm’s 50-day moving average is $10.25 and its 200 day moving average is $9.51. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 67.53 and a beta of 3.10. WisdomTree Investments has a 12 month low of $7.87 and a 12 month high of $13.32.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings results on Friday, July 28th. The asset manager reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. WisdomTree Investments had a return on equity of 11.15% and a net margin of 9.83%. The business had revenue of $63.40 million during the quarter, compared to the consensus estimate of $57.27 million. During the same period in the prior year, the company posted $0.07 EPS. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. Equities analysts expect that WisdomTree Investments will post $0.25 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP increased its position in WisdomTree Investments by 0.8% in the fourth quarter. GSA Capital Partners LLP now owns 17,544 shares of the asset manager’s stock worth $195,000 after buying an additional 144 shares in the last quarter. Bank of Montreal Can increased its position in WisdomTree Investments by 0.7% in the second quarter. Bank of Montreal Can now owns 50,078 shares of the asset manager’s stock worth $508,000 after buying an additional 356 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in WisdomTree Investments by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 39,845 shares of the asset manager’s stock worth $362,000 after buying an additional 600 shares in the last quarter. Texas Permanent School Fund increased its position in WisdomTree Investments by 0.8% in the second quarter. Texas Permanent School Fund now owns 83,782 shares of the asset manager’s stock worth $852,000 after buying an additional 692 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in WisdomTree Investments by 1.6% in the first quarter. California Public Employees Retirement System now owns 50,100 shares of the asset manager’s stock worth $455,000 after buying an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 95.28% of the company’s stock.
WisdomTree Investments Company Profile
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes funds that track its own indexes, funds that track third party indexes and actively managed funds. It operates as an exchange traded products sponsor and asset manager providing investment advisory services in the United States, Europe, Canada and Japan.
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