WisdomTree Investments, Inc. (NASDAQ:WETF) Receives “Underperform” Rating from Keefe, Bruyette & Woods
WisdomTree Investments, Inc. (NASDAQ:WETF)‘s stock had its “underperform” rating restated by analysts at Keefe, Bruyette & Woods in a research note issued on Thursday.
Several other analysts have also weighed in on the company. Citigroup Inc. raised WisdomTree Investments from a “neutral” rating to a “buy” rating and set a $10.50 price objective on the stock in a research note on Monday, May 15th. BidaskClub raised WisdomTree Investments from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $14.00 price objective on shares of WisdomTree Investments in a research note on Wednesday, June 28th. Zacks Investment Research lowered WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Finally, ValuEngine lowered WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. WisdomTree Investments currently has an average rating of “Hold” and a consensus target price of $10.11.
WisdomTree Investments (NASDAQ:WETF) traded down 2.066% during midday trading on Thursday, reaching $9.245. 174,003 shares of the company’s stock were exchanged. The company has a market cap of $1.24 billion, a P/E ratio of 42.215 and a beta of 3.09. WisdomTree Investments has a 12 month low of $7.87 and a 12 month high of $13.32. The company has a 50 day moving average price of $10.29 and a 200 day moving average price of $9.45.
WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings data on Friday, July 28th. The asset manager reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. The business had revenue of $63.40 million for the quarter, compared to analyst estimates of $57.27 million. WisdomTree Investments had a return on equity of 15.41% and a net margin of 13.33%. WisdomTree Investments’s revenue was up 13.2% compared to the same quarter last year. During the same period last year, the firm posted $0.07 earnings per share. On average, equities analysts anticipate that WisdomTree Investments will post $0.24 EPS for the current year.
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In other news, Director Bruce I. Lavine sold 19,849 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $9.95, for a total transaction of $197,497.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.10% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the company. TimesSquare Capital Management LLC increased its stake in shares of WisdomTree Investments by 7.5% in the second quarter. TimesSquare Capital Management LLC now owns 7,936,900 shares of the asset manager’s stock worth $80,718,000 after buying an additional 553,400 shares during the last quarter. CIBC World Markets Inc. acquired a new stake in shares of WisdomTree Investments during the second quarter worth $846,000. Private Advisor Group LLC increased its stake in shares of WisdomTree Investments by 9.6% in the second quarter. Private Advisor Group LLC now owns 50,538 shares of the asset manager’s stock worth $535,000 after buying an additional 4,428 shares during the last quarter. Northwestern Mutual Investment Management Company LLC acquired a new stake in shares of WisdomTree Investments during the second quarter worth $191,000. Finally, Flagship Harbor Advisors LLC increased its stake in shares of WisdomTree Investments by 35.0% in the second quarter. Flagship Harbor Advisors LLC now owns 16,257 shares of the asset manager’s stock worth $174,000 after buying an additional 4,212 shares during the last quarter. Institutional investors own 95.28% of the company’s stock.
WisdomTree Investments Company Profile
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes funds that track its own indexes, funds that track third party indexes and actively managed funds. It operates as an exchange traded products sponsor and asset manager providing investment advisory services in the United States, Europe, Canada and Japan.
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