WisdomTree Investments Inc. (WETF) Trading 1.8% Higher
WisdomTree Investments Inc. (NASDAQ:WETF) shares traded up 1.8% on Wednesday . The stock traded as high as $10.61 and last traded at $10.47, with a volume of 994,502 shares traded. The stock had previously closed at $10.28.
Several research analysts have weighed in on the stock. Jefferies Group reiterated a “buy” rating on shares of WisdomTree Investments in a research report on Sunday, May 22nd. TheStreet downgraded shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a research report on Thursday, May 26th. Credit Suisse Group AG reiterated an “outperform” rating and issued a $11.89 price target (down from $17.00) on shares of WisdomTree Investments in a research report on Thursday, May 26th. Morgan Stanley reiterated an “equal weight” rating on shares of WisdomTree Investments in a research report on Thursday, May 26th. Finally, Zacks Investment Research upgraded shares of WisdomTree Investments from a “sell” rating to a “hold” rating in a research report on Wednesday, July 6th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.04.
The company has a market cap of $1.41 billion and a P/E ratio of 24.36. The stock’s 50 day moving average price is $10.62 and its 200 day moving average price is $11.12.
WisdomTree Investments (NASDAQ:WETF) last released its earnings results on Friday, July 29th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.04. The company had revenue of $55.98 million for the quarter, compared to analysts’ expectations of $55.01 million. The firm’s revenue for the quarter was down 31.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 EPS. Analysts predict that WisdomTree Investments Inc. will post $0.23 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Monday, August 8th.
In other WisdomTree Investments news, Director Anthony Bossone acquired 50,000 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were acquired at an average cost of $9.90 per share, with a total value of $495,000.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jonathan L. Steinberg acquired 250,000 shares of the company’s stock in a transaction dated Friday, August 19th. The stock was acquired at an average cost of $10.16 per share, for a total transaction of $2,540,000.00. The disclosure for this purchase can be found here.
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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