Somewhat Favorable Media Coverage Somewhat Unlikely to Impact WisdomTree Investments (WETF) Stock Price
Media coverage about WisdomTree Investments (NASDAQ:WETF) has been trending somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. WisdomTree Investments earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the asset manager an impact score of 45.208416459689 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
- Zacks: Brokerages Expect WisdomTree Investments, Inc. (WETF) Will Post Quarterly Sales of $58.52 Million (americanbankingnews.com)
- WisdomTree Investments, Inc. (WETF) Rating Lowered to Hold at BidaskClub (expressnewsline.com)
- WisdomTree Investments, Inc. (NASDAQ:WETF) Short Interest Down 4.9% in July (americanbankingnews.com)
- BidaskClub Lowers WisdomTree Investments, Inc. (NASDAQ:WETF) to Sell (americanbankingnews.com)
- WisdomTree Investments, Inc. (WETF) Earns “Underperform” Rating from Keefe, Bruyette & Woods (americanbankingnews.com)
WisdomTree Investments (WETF) opened at 9.30 on Friday. The firm has a 50 day moving average of $10.26 and a 200-day moving average of $9.44. WisdomTree Investments has a 12-month low of $7.87 and a 12-month high of $13.32. The stock has a market cap of $1.25 billion, a PE ratio of 42.27 and a beta of 3.09.
WisdomTree Investments (NASDAQ:WETF) last issued its quarterly earnings data on Friday, July 28th. The asset manager reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. The business had revenue of $63.40 million during the quarter, compared to the consensus estimate of $57.27 million. WisdomTree Investments had a net margin of 13.33% and a return on equity of 15.41%. The company’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 EPS. On average, analysts expect that WisdomTree Investments will post $0.24 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, August 7th. This represents a $0.32 annualized dividend and a dividend yield of 3.44%. WisdomTree Investments’s dividend payout ratio is presently 145.46%.
WETF has been the subject of several research reports. ValuEngine raised shares of WisdomTree Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Citigroup Inc. raised shares of WisdomTree Investments from a “neutral” rating to a “buy” rating and set a $10.50 target price for the company in a research report on Monday, May 15th. BidaskClub cut shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research cut shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Finally, UBS AG reissued a “sell” rating and set a $8.00 target price (up previously from $7.50) on shares of WisdomTree Investments in a research report on Monday, July 31st. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. WisdomTree Investments has an average rating of “Hold” and an average price target of $10.11.
In other news, Director Bruce I. Lavine sold 10,289 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $10.10, for a total transaction of $103,918.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 16.10% of the stock is currently owned by insiders.
About WisdomTree Investments
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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