Shares of WisdomTree Investments Inc. (NASDAQ:WETF) rose 4.6% during trading on Wednesday . The stock traded as high as $11.95 and last traded at $11.94, with a volume of 1,771,700 shares changing hands. The stock had previously closed at $11.42.

A number of analysts recently issued reports on WETF shares. Zacks Investment Research downgraded shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Tuesday, April 12th. Jefferies Group decreased their price objective on shares of WisdomTree Investments to $13.00 in a report on Tuesday, April 12th. Morgan Stanley restated a “hold” rating and set a $12.00 price objective on shares of WisdomTree Investments in a report on Monday, May 2nd. Credit Suisse Group AG restated an “outperform” rating and set a $11.89 price objective (down previously from $17.00) on shares of WisdomTree Investments in a report on Thursday, May 26th. Finally, TheStreet downgraded shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a report on Thursday, May 26th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.04.

The company’s 50-day moving average price is $10.55 and its 200-day moving average price is $11.42. The stock has a market capitalization of $1.60 billion and a P/E ratio of 20.62.

WisdomTree Investments (NASDAQ:WETF) last posted its earnings results on Friday, April 29th. The company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. The firm had revenue of $60.90 million for the quarter, compared to the consensus estimate of $60.69 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. Equities research analysts predict that WisdomTree Investments Inc. will post $0.28 EPS for the current fiscal year.

A number of hedge funds recently modified their holdings of WETF. State Board of Administration of Florida Retirement System increased its stake in shares of WisdomTree Investments by 6.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 64,173 shares of the company’s stock worth $1,006,000 after buying an additional 3,612 shares in the last quarter. Retirement Systems of Alabama increased its stake in shares of WisdomTree Investments by 1.6% in the fourth quarter. Retirement Systems of Alabama now owns 147,576 shares of the company’s stock worth $2,314,000 after buying an additional 2,276 shares in the last quarter. California State Teachers Retirement System increased its stake 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 worth $3,315,000 after buying an additional 3,345 shares in the last quarter. Rhumbline Advisers increased its stake in shares of WisdomTree Investments by 6.0% in the fourth quarter. Rhumbline Advisers now owns 199,671 shares of the company’s stock worth $3,131,000 after buying an additional 11,295 shares in the last quarter. Finally, Comerica Bank increased its stake in shares of WisdomTree Investments by 14.1% in the fourth quarter. Comerica Bank now owns 130,144 shares of the company’s stock worth $1,731,000 after buying an additional 16,098 shares in the last quarter.

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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