WisdomTree Investments Inc. (WETF) Stock Price Down 2.4%
WisdomTree Investments Inc. (NASDAQ:WETF) dropped 2.4% during mid-day trading on Thursday . The company traded as low as $11.66 and last traded at $11.67, with a volume of 889,260 shares changing hands. The stock had previously closed at $11.96.
A number of research analysts recently commented on the stock. Morgan Stanley reiterated an “equal weight” rating on shares of WisdomTree Investments in a research note on Thursday, May 26th. Zacks Investment Research lowered shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Tuesday, April 12th. TheStreet lowered shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a research note on Thursday, May 26th. Jefferies Group decreased their price target on shares of WisdomTree Investments to $13.00 in a research note on Tuesday, April 12th. Finally, Northland Securities lowered shares of WisdomTree Investments from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 1st. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $14.04.
The stock has a market cap of $1.54 billion and a P/E ratio of 19.86. The firm’s 50-day moving average price is $10.54 and its 200-day moving average price is $11.42.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings results on Friday, April 29th. The company reported $0.09 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.09. The firm had revenue of $60.90 million for the quarter, compared to the consensus estimate of $60.69 million. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 earnings per share. On average, equities research analysts predict that WisdomTree Investments Inc. will post $0.27 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of WETF. Thornburg Investment Management Inc. raised its stake 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 worth $33,041,000 after buying an additional 345,300 shares in the last quarter. OppenheimerFunds Inc. raised its position in shares of WisdomTree Investments by 11.2% in the fourth quarter. OppenheimerFunds Inc. now owns 411,829 shares of the company’s stock valued at $6,457,000 after buying an additional 41,579 shares during the period. Guinness Atkinson Asset Management Inc bought a new position in shares of WisdomTree Investments during the fourth quarter valued at approximately $5,514,000. Matarin Capital Management LLC bought a new position in shares of WisdomTree Investments during the fourth quarter valued at approximately $4,016,000. Finally, California State Teachers Retirement System raised its position in shares of WisdomTree Investments by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 211,430 shares of the company’s stock valued at $3,315,000 after buying an additional 3,345 shares during the period.
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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