Wealthfront (NASDAQ:WLTH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Wealthfront (NASDAQ:WLTH) from a sell rating to a hold rating in a report published on Friday morning.

Other analysts have also issued research reports about the company. Wells Fargo & Company cut their target price on Wealthfront from $16.50 to $15.50 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. Zacks Research raised Wealthfront to a “hold” rating in a research note on Thursday, January 15th. Finally, The Goldman Sachs Group set a $12.00 target price on Wealthfront in a research note on Tuesday, January 20th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.75.

Wealthfront Price Performance

WLTH opened at $8.79 on Friday. Wealthfront has a one year low of $8.56 and a one year high of $14.88.

Wealthfront (NASDAQ:WLTH) last posted its earnings results on Monday, January 12th. The company reported $0.21 EPS for the quarter. The business had revenue of $93.22 million during the quarter.

Institutional Investors Weigh In On Wealthfront

An institutional investor recently bought a new position in Wealthfront stock. Realta Investment Advisors acquired a new position in Wealthfront (NASDAQ:WLTH) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,300 shares of the company’s stock, valued at approximately $194,000.

Wealthfront Company Profile

Wealthfront (NASDAQ:WLTH) is a technology-driven wealth management firm that provides automated investment services to individual investors. Operating as a robo-advisor, the company uses algorithms and software to construct and manage diversified portfolios largely composed of low-cost exchange-traded funds (ETFs). Its platform is geared toward long-term, goal-based investing with an emphasis on passive strategies, automated rebalancing and straightforward user experience delivered through web and mobile applications.

The company’s product suite includes automated portfolio management, tax-loss harvesting and goal-planning tools that help clients set and track financial objectives.