WisdomTree Investments Inc. (WETF) Shares Up 5.2%
WisdomTree Investments Inc. (NASDAQ:WETF) shares shot up 5.2% on Monday . The stock traded as high as $10.25 and last traded at $10.24, with a volume of 1,552,136 shares. The stock had previously closed at $9.73.
Several research analysts have commented on the company. Zacks Investment Research raised WisdomTree Investments from a “sell” rating to a “hold” rating in a research report on Wednesday, July 6th. Jefferies Group reissued a “buy” rating and issued a $13.00 price objective on shares of WisdomTree Investments in a research report on Tuesday, July 5th. Bank of America Corp. lowered WisdomTree Investments from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 28th. Citigroup Inc. reissued a “sell” rating and issued a $6.00 price objective on shares of WisdomTree Investments in a research report on Tuesday, June 21st. Finally, Northland Securities lowered WisdomTree Investments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 1st. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $14.04.
The stock has a 50 day moving average price of $10.60 and a 200 day moving average price of $11.55. The firm has a market cap of $1.44 billion and a price-to-earnings ratio of 18.543.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings data on Friday, April 29th. The company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The firm had revenue of $60.90 million for the quarter, compared to analysts’ expectations of $60.69 million. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities research analysts predict that WisdomTree Investments Inc. will post $0.29 EPS for the current year.
A number of institutional investors have recently bought and sold shares of the company. Guinness Atkinson Asset Management Inc purchased a new position in WisdomTree Investments during the fourth quarter valued at $5,514,000. Thornburg Investment Management Inc. boosted its position in WisdomTree Investments by 19.6% in the fourth quarter. Thornburg Investment Management Inc. now owns 2,107,182 shares of the company’s stock valued at $33,041,000 after buying an additional 345,300 shares during the last quarter. Matarin Capital Management LLC purchased a new position in WisdomTree Investments during the fourth quarter valued at $4,016,000. Guinness Asset Management Ltd purchased a new position in WisdomTree Investments during the fourth quarter valued at $2,075,000. Finally, Quantitative Investment Management LLC purchased a new position in WisdomTree Investments during the fourth quarter valued at $1,787,000.
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes fundamentally weighted funds that track its own indexes, funds that track third party indexes and actively managed funds. The Company operates through exchange traded products (ETP) sponsor and asset manager providing investment advisory services segment.
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