WisdomTree Investments (WETF) Receiving Somewhat Positive Media Coverage, Accern Reports
News coverage about WisdomTree Investments (NASDAQ:WETF) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. WisdomTree Investments earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the asset manager an impact score of 45.53755437378 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- WisdomTree Investments (WETF) and Cohen & Steers (CNS) Critical Analysis (americanbankingnews.com)
- Shots Fired in the ETF Fee War (finance.yahoo.com)
- Asset Manager Headwinds Finally Starting To Slow? (finance.yahoo.com)
- 3 Value Stocks to Dive Into Now (fool.com)
- Weatherford International plc (WFT) is at $4.19 per share and WisdomTree Investments, Inc. (WETF) is listed at $9.16 – Stocks Gallery (stocksgallery.com)
WETF has been the topic of a number of recent analyst reports. BidaskClub raised shares of WisdomTree Investments from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Jefferies Group LLC reissued a “buy” rating and issued a $14.00 price target on shares of WisdomTree Investments in a research report on Wednesday, June 28th. Zacks Investment Research lowered shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. ValuEngine lowered shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Finally, Northland Securities reissued a “hold” rating and issued a $10.50 price target on shares of WisdomTree Investments in a research report on Sunday, July 30th. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $10.11.
Shares of WisdomTree Investments (WETF) traded down 1.20% during trading on Friday, reaching $9.08. 1,942,438 shares of the company were exchanged. WisdomTree Investments has a one year low of $7.87 and a one year high of $13.32. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 41.27 and a beta of 3.14. The company has a 50 day moving average price of $9.32 and a 200-day moving average price of $9.38.
WisdomTree Investments (NASDAQ:WETF) last announced its quarterly earnings results on Friday, July 28th. The asset manager reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. WisdomTree Investments had a return on equity of 15.41% and a net margin of 13.33%. The business had revenue of $63.40 million during the quarter, compared to the consensus estimate of $57.27 million. During the same quarter last year, the firm posted $0.07 EPS. The company’s quarterly revenue was up 13.2% on a year-over-year basis. Equities analysts predict that WisdomTree Investments will post $0.24 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 3.52%. The ex-dividend date was Monday, August 7th. WisdomTree Investments’s payout ratio is 145.46%.
In other WisdomTree Investments news, Director Bruce I. Lavine sold 19,849 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $9.95, for a total transaction of $197,497.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 16.10% of the stock is owned by company insiders.
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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