Insider Selling: Wise Group (NASDAQ:WSE) CFO Sells $70,970.00 in Stock

Wise Group plc (NASDAQ:WSE) CFO Emmanuel Francois Je Thomassin sold 6,040 shares of Wise Group stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $11.75, for a total value of $70,970.00. Following the completion of the sale, the chief financial officer owned 4,853 shares in the company, valued at approximately $57,022.75. The trade was a 55.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Wise Group Trading Up 0.4%

NASDAQ:WSE opened at $11.05 on Thursday. Wise Group plc has a 12 month low of $10.36 and a 12 month high of $17.47. The business’s 50 day moving average price is $12.12. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.17.

Wise Group (NASDAQ:WSE) last announced its earnings results on Thursday, June 25th. The company reported $0.12 EPS for the quarter. The firm had revenue of $576.48 million for the quarter. On average, sell-side analysts expect that Wise Group plc will post 0.56 earnings per share for the current fiscal year.

Institutional Trading of Wise Group

A number of hedge funds and other institutional investors have recently modified their holdings of WSE. Ninety One UK Ltd raised its holdings in shares of Wise Group by 37.4% during the 3rd quarter. Ninety One UK Ltd now owns 7,195,705 shares of the company’s stock worth $82,629,000 after acquiring an additional 1,959,751 shares during the period. Amundi acquired a new position in shares of Wise Group during the 2nd quarter valued at about $58,328,000. Allianz Asset Management GmbH acquired a new position in shares of Wise Group during the 2nd quarter valued at about $14,441,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Wise Group in the second quarter valued at about $3,154,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Wise Group in the second quarter valued at about $2,695,000.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Monness Crespi & Hardt raised Wise Group to a “strong-buy” rating in a research note on Friday, October 16th. Morgan Stanley assumed coverage on Wise Group in a report on Monday, June 29th. They issued an “equal weight” rating and a $16.10 price objective on the stock. JPMorgan Chase & Co. raised their price objective on Wise Group from $17.30 to $17.70 and gave the company an “overweight” rating in a report on Friday, October 16th. Wall Street Zen cut shares of Wise Group from a “hold” rating to a “sell” rating in a research note on Saturday, October 17th. Finally, UBS Group upped their target price on shares of Wise Group from $16.00 to $17.25 and gave the stock a “buy” rating in a report on Tuesday, October 13th. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $16.94.

Wise Group Company Profile

Wise Group PLC is a technology company. Its product offering includes Wise Account, Wise Business and Wise Platform. Wise Account is its solution for people with cross-border financial needs. Wise Business offers product along with business-specific functionalities designed to enable business customers. Wise Platform provide financial services for banks, financial institutions and enterprises. Wise Group PLC is based in LONDON, United Kingdom.