WisdomTree Investments, Inc. (NASDAQ:WETF) Stock Rating Lowered by ValuEngine
ValuEngine downgraded shares of WisdomTree Investments, Inc. (NASDAQ:WETF) from a hold rating to a sell rating in a research report released on Thursday morning.
A number of other research firms have also commented on WETF. Zacks Investment Research raised WisdomTree Investments from a sell rating to a hold rating in a research note on Wednesday, March 29th. Citigroup Inc. raised WisdomTree Investments from a neutral rating to a buy rating and set a $10.50 price objective on the stock in a research note on Monday, May 15th. Keefe, Bruyette & Woods reissued a sell rating and issued a $8.00 price objective on shares of WisdomTree Investments in a research note on Monday, April 10th. BidaskClub raised WisdomTree Investments from a hold rating to a buy rating in a research note on Saturday, June 17th. Finally, Jefferies Group LLC reissued a buy rating and issued a $14.00 price objective on shares of WisdomTree Investments in a research note on Wednesday, June 28th. Five analysts have rated the stock with a sell rating and five have issued a buy rating to the company. WisdomTree Investments has an average rating of Hold and an average price target of $9.94.
Shares of WisdomTree Investments (WETF) opened at 10.54 on Thursday. The company’s 50 day moving average is $10.09 and its 200-day moving average is $9.55. The company has a market capitalization of $1.42 billion, a PE ratio of 70.27 and a beta of 3.09. WisdomTree Investments has a 52 week low of $7.87 and a 52 week high of $13.32.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings data on Friday, April 28th. The asset manager reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $54.60 million for the quarter, compared to analyst estimates of $53.38 million. WisdomTree Investments had a return on equity of 11.15% and a net margin of 9.83%. The business’s revenue was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 earnings per share. On average, analysts expect that WisdomTree Investments will post $0.25 EPS for the current fiscal year.
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Institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP raised its position in shares of WisdomTree Investments by 0.8% in the fourth quarter. GSA Capital Partners LLP now owns 17,544 shares of the asset manager’s stock valued at $195,000 after buying an additional 144 shares during the period. Comerica Bank raised its position in shares of WisdomTree Investments by 4.9% in the fourth quarter. Comerica Bank now owns 84,454 shares of the asset manager’s stock valued at $961,000 after buying an additional 3,947 shares during the period. Teachers Advisors LLC raised its position in shares of WisdomTree Investments by 6.7% in the fourth quarter. Teachers Advisors LLC now owns 221,994 shares of the asset manager’s stock valued at $2,473,000 after buying an additional 14,015 shares during the period. Envestnet Asset Management Inc. raised its position in shares of WisdomTree Investments by 115.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 23,884 shares of the asset manager’s stock valued at $266,000 after buying an additional 12,796 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of WisdomTree Investments by 57.5% in the first quarter. Russell Investments Group Ltd. now owns 518,282 shares of the asset manager’s stock valued at $4,707,000 after buying an additional 189,168 shares during the period. 95.28% of the stock is currently owned by institutional investors and hedge funds.
About WisdomTree Investments
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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