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

WETF has been the topic of a number of recent analyst reports. Jefferies Group decreased their price target on WisdomTree Investments to $13.00 in a research report on Tuesday, April 12th. Morgan Stanley restated an “equal weight” rating on shares of WisdomTree Investments in a research report on Thursday, May 26th. Zacks Investment Research upgraded WisdomTree Investments from a “sell” rating to a “hold” rating in a research report on Saturday, June 25th. TheStreet cut WisdomTree Investments from a “buy” rating to a “hold” rating in a research report on Thursday, May 26th. Finally, Northland Securities cut 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 given a buy rating to the stock. WisdomTree Investments currently has an average rating of “Hold” and an average target price of $14.04.

The company’s 50 day moving average price is $10.52 and its 200 day moving average price is $11.29. The stock has a market cap of $1.33 billion and a PE 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 analysts’ consensus estimates of $0.03 by $0.04. During the same period last year, the company posted $0.18 EPS. The company had revenue of $55.98 million for the quarter, compared to analysts’ expectations of $55.01 million. The business’s revenue for the quarter was down 31.4% on a year-over-year basis. On average, equities research analysts anticipate that WisdomTree Investments Inc. will post $0.24 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 boosted 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 during the period. Liberty Mutual Group Asset Management Inc. boosted its stake in shares of WisdomTree Investments by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 73,825 shares of the company’s stock worth $1,158,000 after buying an additional 25,053 shares during the period. Whittier Trust Co. boosted its stake in shares of WisdomTree Investments by 1.0% in the fourth quarter. Whittier Trust Co. now owns 82,125 shares of the company’s stock worth $1,288,000 after buying an additional 850 shares during the period. Airain ltd bought a new stake in shares of WisdomTree Investments during the fourth quarter worth about $1,382,000. Finally, Trexquant Investment LP bought a new stake in shares of WisdomTree Investments during the fourth quarter worth about $1,537,000.

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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