Zacks Investment Research downgraded shares of WisdomTree Investments (NASDAQ:WETF) from a hold rating to a sell rating in a report issued on Saturday.

According to Zacks, “INDIVIDUAL INVESTOR GROUP INC. is an information services company that publishes and markets Individual Investor magazine and Individual Investor’s Special Situations Report. In addition, the Company, through wholly owned subsidiaries, is the investment manager of private investment funds. “

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Several other brokerages also recently weighed in on WETF. BidaskClub downgraded WisdomTree Investments from a hold rating to a sell rating in a report on Tuesday, March 13th. Jefferies Group reaffirmed a buy rating and set a $15.00 price objective on shares of WisdomTree Investments in a research report on Thursday, January 11th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $10.00 price objective on shares of WisdomTree Investments in a research report on Wednesday, April 11th. Deutsche Bank lowered their price objective on WisdomTree Investments from $13.00 to $12.00 and set a buy rating for the company in a research report on Friday, April 6th. Finally, Morgan Stanley lowered their price objective on WisdomTree Investments from $14.00 to $13.00 and set an equal weight rating for the company in a research report on Tuesday, February 13th. 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 company. The company currently has a consensus rating of Hold and an average price target of $11.83.

Shares of NASDAQ WETF opened at $9.11 on Friday. WisdomTree Investments has a 1-year low of $7.87 and a 1-year high of $13.41. The stock has a market cap of $1,227.19, a price-to-earnings ratio of 37.96, a P/E/G ratio of 1.57 and a beta of 2.67.

WisdomTree Investments (NASDAQ:WETF) last issued its quarterly earnings results on Friday, February 2nd. The asset manager reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.03). WisdomTree Investments had a return on equity of 16.16% and a net margin of 11.46%. The company had revenue of $61.39 million for the quarter, compared to analysts’ expectations of $60.89 million. During the same quarter last year, the company earned $0.03 EPS. WisdomTree Investments’s revenue for the quarter was up 20.8% compared to the same quarter last year. equities analysts expect that WisdomTree Investments will post 0.38 earnings per share for the current year.

In other WisdomTree Investments news, insider Kurt Macalpine acquired 19,710 shares of the stock in a transaction dated Monday, February 5th. The stock was acquired at an average cost of $10.38 per share, with a total value of $204,589.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David J. Abner sold 25,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $10.52, for a total value of $263,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 941,936 shares of company stock valued at $9,354,156. Insiders own 16.60% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in shares of WisdomTree Investments in the 3rd quarter valued at about $129,000. Virtu Financial LLC acquired a new stake in shares of WisdomTree Investments in the 4th quarter valued at about $148,000. Xact Kapitalforvaltning AB acquired a new stake in shares of WisdomTree Investments in the 4th quarter valued at about $182,000. ETRADE Capital Management LLC acquired a new stake in shares of WisdomTree Investments in the 4th quarter valued at about $214,000. Finally, MANA Advisors LLC acquired a new stake in shares of WisdomTree Investments in the 4th quarter valued at about $264,000. 86.35% of the stock is owned by hedge funds and other institutional investors.

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About WisdomTree Investments

WisdomTree Investments, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.

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