Somewhat Favorable Press Coverage Somewhat Unlikely to Impact WisdomTree Investments (WETF) Share Price
Headlines about WisdomTree Investments (NASDAQ:WETF) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. WisdomTree Investments earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the asset manager an impact score of 45.4040183294424 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
WisdomTree Investments (NASDAQ WETF) traded up 2.55% on Friday, reaching $9.25. The company’s stock had a trading volume of 1,531,944 shares. The company has a market cap of $1.25 billion, a P/E ratio of 42.05 and a beta of 3.14. 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 $9.25 and a 200 day moving average price of $9.38.
WisdomTree Investments (NASDAQ:WETF) last released its earnings results on Friday, July 28th. The asset manager reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $63.40 million during the quarter, compared to the consensus estimate of $57.27 million. WisdomTree Investments had a return on equity of 15.41% and a net margin of 13.33%. The company’s revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.07 EPS. On average, equities research analysts anticipate that WisdomTree Investments will post $0.26 EPS for the current fiscal year.
Several research analysts recently commented on WETF shares. Zacks Investment Research cut WisdomTree Investments from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $14.00 target price on shares of WisdomTree Investments in a research report on Thursday, September 7th. BidaskClub cut WisdomTree Investments from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Keefe, Bruyette & Woods reaffirmed a “sell” rating and issued a $9.25 target price on shares of WisdomTree Investments in a research report on Thursday. Finally, ValuEngine cut WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Five research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. WisdomTree Investments has an average rating of “Hold” and an average target price of $10.25.
In other news, Director Bruce I. Lavine sold 19,849 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $9.95, for a total transaction of $197,497.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 16.10% 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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