WisdomTree Investments (WETF) Rating Increased to Buy at Zacks Investment Research
WisdomTree Investments (NASDAQ:WETF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday. The brokerage currently has a $14.00 price objective on the asset manager’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 9.72% from the stock’s previous close.
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 also recently issued reports about the company. BidaskClub downgraded WisdomTree Investments from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 14th. Deutsche Bank initiated coverage on WisdomTree Investments in a report on Tuesday, October 17th. They issued a “buy” rating and a $13.00 target price on the stock. Citigroup reissued a “buy” rating and issued a $15.00 target price on shares of WisdomTree Investments in a report on Monday, October 30th. Northland Securities reissued a “hold” rating and issued a $12.00 target price on shares of WisdomTree Investments in a report on Sunday, October 29th. Finally, Keefe, Bruyette & Woods raised WisdomTree Investments from an “underperform” rating to a “mkt perform” rating in a report on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $11.81.
Shares of WisdomTree Investments (NASDAQ WETF) opened at $12.76 on Friday. The firm has a market capitalization of $1,750.00, a P/E ratio of 58.00, a price-to-earnings-growth ratio of 2.01 and a beta of 3.16. WisdomTree Investments has a 1-year low of $7.87 and a 1-year high of $12.85.
WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings data on Friday, October 27th. The asset manager reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The company had revenue of $57.99 million for the quarter, compared to the consensus estimate of $57.89 million. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 earnings per share. equities research analysts predict that WisdomTree Investments will post 0.25 EPS for the current fiscal year.
In other news, Director Frank Salerno sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $11.71, for a total value of $585,500.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 16.60% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the business. Everence Capital Management Inc. acquired a new position in WisdomTree Investments during the 3rd quarter worth $103,000. Traynor Capital Management Inc. acquired a new position in WisdomTree Investments during the 3rd quarter worth $111,000. 3D Asset Management Inc. acquired a new position in WisdomTree Investments during the 3rd quarter worth $112,000. Shelton Capital Management acquired a new position in WisdomTree Investments during the 2nd quarter worth $116,000. Finally, Jane Street Group LLC acquired a new position in WisdomTree Investments during the 3rd quarter worth $129,000. 89.41% of the stock is currently owned by hedge funds and other institutional investors.
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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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