WisdomTree Investments (NASDAQ:WETF) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Tuesday.
Several other equities analysts also recently weighed in on WETF. Keefe, Bruyette & Woods upgraded WisdomTree Investments from an “underperform” rating to a “mkt perform” rating in a research report on Tuesday, November 14th. UBS Group raised their target price on WisdomTree Investments from $8.00 to $8.50 and gave the company a “sell” rating in a research report on Tuesday, November 14th. Zacks Investment Research upgraded WisdomTree Investments from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Saturday, January 6th. Jefferies Group restated a “buy” rating and issued a $15.00 target price on shares of WisdomTree Investments in a research report on Thursday, January 11th. Finally, Bank of America decreased their target price on WisdomTree Investments from $10.00 to $9.50 and set an “underperform” rating on the stock in a research report on Monday, February 5th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $11.85.
WisdomTree Investments (NASDAQ:WETF) opened at $9.52 on Tuesday. The firm has a market capitalization of $1,364.92, a P/E ratio of 47.60, a PEG ratio of 1.58 and a beta of 2.74. WisdomTree Investments has a 1 year low of $7.87 and a 1 year high of $13.41.
WisdomTree Investments (NASDAQ:WETF) last released its earnings results on Friday, February 2nd. The asset manager reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). The firm had revenue of $61.39 million during the quarter, compared to analysts’ expectations of $60.89 million. WisdomTree Investments had a net margin of 11.46% and a return on equity of 16.16%. The business’s revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.03 EPS. analysts forecast that WisdomTree Investments will post 0.42 earnings per share for the current fiscal year.
In related news, Director Frank Salerno sold 50,000 shares of WisdomTree Investments stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $11.71, for a total transaction of $585,500.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jonathan L. Steinberg sold 81,663 shares of WisdomTree Investments stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $10.15, for a total value of $828,879.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 991,936 shares of company stock worth $9,939,656. 16.60% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in WETF. Fred Alger Management Inc. lifted its position in WisdomTree Investments by 26.2% during the fourth quarter. Fred Alger Management Inc. now owns 7,392,054 shares of the asset manager’s stock worth $92,770,000 after buying an additional 1,535,994 shares in the last quarter. Bain Capital Public Equity Management LLC purchased a new position in WisdomTree Investments during the fourth quarter worth approximately $16,444,000. TimesSquare Capital Management LLC lifted its position in WisdomTree Investments by 16.3% during the fourth quarter. TimesSquare Capital Management LLC now owns 8,403,900 shares of the asset manager’s stock worth $105,469,000 after buying an additional 1,176,600 shares in the last quarter. Standard Life Aberdeen plc lifted its position in WisdomTree Investments by 19.4% during the fourth quarter. Standard Life Aberdeen plc now owns 3,694,333 shares of the asset manager’s stock worth $46,383,000 after buying an additional 600,276 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new position in WisdomTree Investments during the fourth quarter worth approximately $5,194,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This story was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this story can be viewed at https://www.thelincolnianonline.com/2018/03/15/wisdomtree-investments-wetf-rating-lowered-to-sell-at-bidaskclub.html.
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.
Receive News & Ratings for WisdomTree Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WisdomTree Investments and related companies with MarketBeat.com's FREE daily email newsletter.