WisdomTree Investments Inc. (NASDAQ:WETF) was down 11% during trading on Friday . The stock traded as low as $9.90 and last traded at $9.91, with a volume of 3,278,660 shares trading hands. The stock had previously closed at $11.13.

Several equities research analysts have commented on WETF shares. Jefferies Group cut their target price on WisdomTree Investments to $13.00 in a research note on Tuesday, April 12th. Morgan Stanley restated an “equal weight” rating on shares of WisdomTree Investments in a research note on Thursday, May 26th. Zacks Investment Research upgraded WisdomTree Investments from a “sell” rating to a “hold” rating in a research note on Saturday, June 25th. TheStreet cut WisdomTree Investments from a “buy” rating to a “hold” rating in a research note on Thursday, May 26th. Finally, Northland Securities cut WisdomTree Investments from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 1st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. WisdomTree Investments has an average rating of “Hold” and a consensus price target of $14.04.

The firm’s 50 day moving average price is $10.54 and its 200-day moving average price is $11.31. The firm has a market cap of $1.33 billion and a price-to-earnings ratio of 17.14.

WisdomTree Investments (NASDAQ:WETF) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.02. The company had revenue of $55.98 million for the quarter, compared to the consensus estimate of $55.01 million. During the same quarter last year, the business earned $0.18 earnings per share. WisdomTree Investments’s revenue was down 31.4% compared to the same quarter last year. On average, equities analysts expect that WisdomTree Investments Inc. will post $0.24 earnings per share for the current year.

Several institutional investors recently modified their holdings of the company. Guinness Atkinson Asset Management Inc bought a new position in shares of WisdomTree Investments during the fourth quarter worth about $5,514,000. Matarin Capital Management LLC bought a new position in shares of WisdomTree Investments during the fourth quarter worth about $4,016,000. Guinness Asset Management Ltd bought a new position in shares of WisdomTree Investments during the fourth quarter worth about $2,075,000. Trexquant Investment LP bought a new position in shares of WisdomTree Investments during the fourth quarter worth about $1,537,000. Finally, Airain ltd bought a new position in shares of WisdomTree Investments during the fourth quarter worth about $1,382,000.

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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