Wisdom Tree Investments (NASDAQ:WETF) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, September 18th, BidAskClub reports.
Separately, Zacks Investment Research raised shares of Wisdom Tree Investments from a “sell” rating to a “hold” rating in a research report on Saturday, September 14th. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $7.10.
Shares of WETF traded up $0.29 on Wednesday, hitting $4.86. 2,850,257 shares of the stock traded hands, compared to its average volume of 1,109,509. The company has a quick ratio of 1.78, a current ratio of 1.93 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $732.07 million, a P/E ratio of 15.19, a P/E/G ratio of 2.21 and a beta of 1.60. The stock’s 50 day moving average is $5.10 and its two-hundred day moving average is $6.18. Wisdom Tree Investments has a 1 year low of $4.55 and a 1 year high of $8.10.
Wisdom Tree Investments (NASDAQ:WETF) last announced its quarterly earnings data on Friday, July 26th. The asset manager reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Wisdom Tree Investments had a net margin of 8.00% and a return on equity of 11.09%. The firm had revenue of $66.30 million for the quarter, compared to analysts’ expectations of $66.98 million. During the same period in the previous year, the company posted $0.10 EPS. The business’s quarterly revenue was down 11.4% on a year-over-year basis. Research analysts forecast that Wisdom Tree Investments will post 0.21 EPS for the current year.
In other news, insider Jeremy Schwartz purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was acquired at an average cost of $4.73 per share, with a total value of $47,300.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 14.90% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its stake in Wisdom Tree Investments by 125.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 90,552 shares of the asset manager’s stock valued at $473,000 after acquiring an additional 50,424 shares during the last quarter. Royal Bank of Canada boosted its stake in Wisdom Tree Investments by 9.5% during the 2nd quarter. Royal Bank of Canada now owns 974,128 shares of the asset manager’s stock valued at $6,010,000 after acquiring an additional 84,809 shares during the last quarter. HM Payson & Co. boosted its stake in Wisdom Tree Investments by 10.6% during the 2nd quarter. HM Payson & Co. now owns 47,108 shares of the asset manager’s stock valued at $291,000 after acquiring an additional 4,502 shares during the last quarter. Nuveen Asset Management LLC bought a new position in Wisdom Tree Investments during the 2nd quarter valued at $3,047,000. Finally, UBS Asset Management Americas Inc. boosted its stake in Wisdom Tree Investments by 15.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 86,041 shares of the asset manager’s stock valued at $531,000 after acquiring an additional 11,481 shares during the last quarter. 72.97% of the stock is owned by institutional investors and hedge funds.
About Wisdom Tree Investments
WisdomTree Investments, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.
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