WisdomTree Investments Inc. (WETF) Trading Down 2.6%
WisdomTree Investments Inc. (NASDAQ:WETF)’s share price traded down 2.6% on Tuesday . The stock traded as low as $10.23 and last traded at $10.31, with a volume of 792,554 shares trading hands. The stock had previously closed at $10.58.
Several equities analysts recently weighed in on the stock. Credit Suisse Group AG reaffirmed a “buy” rating on shares of WisdomTree Investments in a research report on Monday, August 1st. Zacks Investment Research upgraded WisdomTree Investments from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Morgan Stanley reiterated an “equal weight” rating on shares of WisdomTree Investments in a report on Thursday, May 26th. Bank of America Corp. downgraded WisdomTree Investments from a “buy” rating to a “neutral” rating in a report on Tuesday, June 28th. Finally, Jefferies Group reiterated a “buy” rating on shares of WisdomTree Investments in a report on Friday, August 5th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $14.04.
The firm has a 50 day moving average price of $10.46 and a 200-day moving average price of $11.18. The firm has a market cap of $1.38 billion and a PE ratio of 23.92.
WisdomTree Investments (NASDAQ:WETF) last announced 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. The company had revenue of $55.98 million for the quarter, compared to the consensus estimate of $55.01 million. The company’s revenue for the quarter was down 31.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 EPS. Analysts forecast that WisdomTree Investments Inc. will post $0.23 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Monday, August 8th.
In related news, Director Anthony Bossone acquired 50,000 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were bought at an average price of $9.90 per share, for a total transaction of $495,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Several large investors recently made changes to their positions in the company. Trexquant Investment LP bought a new stake in shares of WisdomTree Investments during the fourth quarter worth about $1,537,000. Airain ltd acquired a new stake in WisdomTree Investments during the fourth quarter worth $1,382,000. Finally, Matarin Capital Management LLC acquired a new stake in WisdomTree Investments during the fourth quarter worth $4,016,000.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.