WisdomTree Investments, Inc. (WETF) Coverage Initiated at Deutsche Bank AG
Deutsche Bank AG initiated coverage on shares of WisdomTree Investments, Inc. (NASDAQ:WETF) in a research report issued to clients and investors on Tuesday. The brokerage set a “buy” rating on the asset manager’s stock.
Several other equities research analysts have also commented on the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a $14.00 price target on shares of WisdomTree Investments in a research report on Wednesday, June 28th. Zacks Investment Research lowered shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. ValuEngine lowered shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $9.25 price target on shares of WisdomTree Investments in a research report on Thursday, September 21st. Finally, Northland Securities reaffirmed a “hold” rating and set a $10.50 price target on shares of WisdomTree Investments in a research report on Sunday, July 30th. Six analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $10.33.
WisdomTree Investments (WETF) opened at 11.00 on Tuesday. The stock has a 50 day moving average of $9.62 and a 200 day moving average of $9.53. WisdomTree Investments has a 1-year low of $7.87 and a 1-year high of $13.32. The stock has a market cap of $1.48 billion, a P/E ratio of 50.00 and a beta of 3.15.
WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings results on Friday, July 28th. The asset manager reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02. WisdomTree Investments had a net margin of 13.33% and a return on equity of 15.41%. The firm had revenue of $63.40 million during the quarter, compared to analyst estimates of $57.27 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. Equities analysts anticipate that WisdomTree Investments will post $0.25 EPS for the current fiscal year.
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In related news, Director Bruce I. Lavine sold 19,849 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $9.95, for a total value of $197,497.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 16.60% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Penserra Capital Management LLC purchased a new stake in WisdomTree Investments during the 2nd quarter valued at approximately $107,000. Shelton Capital Management purchased a new stake in WisdomTree Investments during the 2nd quarter valued at approximately $116,000. Tudor Investment Corp ET AL purchased a new stake in WisdomTree Investments during the 1st quarter valued at approximately $123,000. Quantitative Systematic Strategies LLC purchased a new stake in WisdomTree Investments during the 2nd quarter valued at approximately $133,000. Finally, Aperio Group LLC grew its holdings in WisdomTree Investments by 31.7% during the 2nd quarter. Aperio Group LLC now owns 13,353 shares of the asset manager’s stock valued at $136,000 after buying an additional 3,212 shares in the last quarter. 92.53% of the stock is owned by institutional investors and hedge funds.
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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