WisdomTree Investments, Inc. (NASDAQ:WETF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.

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. “

Several other research firms also recently issued reports on WETF. Jefferies Group LLC reaffirmed a “buy” rating and set a $14.00 price objective on shares of WisdomTree Investments in a report on Thursday, September 7th. BidaskClub downgraded WisdomTree Investments from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $9.25 price objective on shares of WisdomTree Investments in a report on Thursday, September 21st. ValuEngine downgraded WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Finally, UBS AG reaffirmed a “sell” rating and set a $8.00 price objective (up previously from $7.50) on shares of WisdomTree Investments in a report on Monday, July 31st. Six equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. WisdomTree Investments presently has a consensus rating of “Hold” and an average target price of $10.25.

WisdomTree Investments (NASDAQ:WETF) opened at 10.52 on Thursday. The stock’s 50 day moving average price is $9.27 and its 200 day moving average price is $9.42. WisdomTree Investments has a 12 month low of $7.87 and a 12 month high of $13.32. The firm has a market capitalization of $1.42 billion, a PE ratio of 47.82 and a beta of 3.15.

WisdomTree Investments (NASDAQ:WETF) last announced its earnings results on Friday, July 28th. The asset manager reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. The business had revenue of $63.40 million for the quarter, compared to the consensus estimate of $57.27 million. WisdomTree Investments had a return on equity of 15.41% and a net margin of 13.33%. WisdomTree Investments’s revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.07 EPS. Equities research analysts expect that WisdomTree Investments will post $0.26 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “WisdomTree Investments, Inc. (WETF) Rating Lowered to Sell at Zacks Investment Research” was reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The correct version of this story can be read at https://www.watchlistnews.com/wisdomtree-investments-inc-wetf-rating-lowered-to-sell-at-zacks-investment-research/1609619.html.

In other WisdomTree Investments news, Director Bruce I. Lavine sold 10,289 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $10.10, for a total transaction of $103,918.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 16.10% of the company’s stock.

Several institutional investors have recently modified their holdings of WETF. Great West Life Assurance Co. Can raised its position in shares of WisdomTree Investments by 137.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 160,548 shares of the asset manager’s stock valued at $1,455,000 after acquiring an additional 92,868 shares during the last quarter. First Trust Advisors LP raised its position in shares of WisdomTree Investments by 11.6% during the 1st quarter. First Trust Advisors LP now owns 45,778 shares of the asset manager’s stock valued at $416,000 after acquiring an additional 4,741 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of WisdomTree Investments by 21.1% during the 1st quarter. Bank of New York Mellon Corp now owns 2,139,638 shares of the asset manager’s stock valued at $19,427,000 after acquiring an additional 372,427 shares during the last quarter. Comerica Bank raised its position in shares of WisdomTree Investments by 50.2% during the 1st quarter. Comerica Bank now owns 126,887 shares of the asset manager’s stock valued at $1,062,000 after acquiring an additional 42,433 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of WisdomTree Investments by 2.9% during the 1st quarter. Swiss National Bank now owns 191,100 shares of the asset manager’s stock valued at $1,735,000 after acquiring an additional 5,400 shares during the last quarter. Institutional investors own 92.49% of the company’s stock.

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.

Analyst Recommendations for WisdomTree Investments (NASDAQ:WETF)

Receive News & Ratings for WisdomTree Investments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WisdomTree Investments Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.