Wise Group plc (NASDAQ:WSE) Stock Has Consensus Price Target of $16.52

Shares of Wise Group plc (NASDAQ:WSE) have been assigned a consensus rating of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $16.52.

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Wise Group from $17.50 to $17.30 and set an “overweight” rating on the stock in a research note on Friday, July 17th. Wall Street Zen raised shares of Wise Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Barclays upgraded shares of Wise Group to a “strong-buy” rating in a report on Tuesday, July 7th. Canaccord Genuity Group began coverage on shares of Wise Group in a research note on Wednesday, September 2nd. They issued a “buy” rating on the stock. Finally, Weiss Ratings cut Wise Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 18th.

Hedge Funds Weigh In On Wise Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc acquired a new position in Wise Group during the third quarter worth $114,000. Envestnet Asset Management Inc. acquired a new stake in shares of Wise Group in the 2nd quarter worth $2,484,000. The Manufacturers Life Insurance Company purchased a new position in shares of Wise Group during the 2nd quarter worth $3,154,000. Squarepoint Ops LLC purchased a new position in shares of Wise Group during the 2nd quarter worth $415,000. Finally, Allianz Asset Management GmbH acquired a new position in shares of Wise Group during the 2nd quarter valued at about $14,441,000.

Wise Group Stock Performance

Shares of WSE stock opened at $11.76 on Friday. The company has a fifty day moving average price of $12.27. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.07 and a current ratio of 1.07. Wise Group has a fifty-two week low of $10.36 and a fifty-two week high of $17.47.

Wise Group (NASDAQ:WSE) last released its earnings results on Thursday, June 25th. The company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $576.48 million for the quarter. On average, equities analysts predict that Wise Group will post 0.57 earnings per share for the current year.

About Wise Group

Wise Group PLC is a technology company. Its product offering includes Wise Account, Wise Business and Wise Platform. Wise Account is its solution for people with cross-border financial needs. Wise Business offers product along with business-specific functionalities designed to enable business customers. Wise Platform provide financial services for banks, financial institutions and enterprises. Wise Group PLC is based in LONDON, United Kingdom.