UBS Group Issues Positive Forecast for Wise Group (NASDAQ:WSE) Stock Price

Wise Group (NASDAQ:WSE) had its price target raised by equities research analysts at UBS Group from $16.00 to $17.25 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price target would suggest a potential upside of 41.16% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley assumed coverage on Wise Group in a research note on Monday, June 29th. They set an “equal weight” rating and a $16.10 target price on the stock. Barclays upgraded shares of Wise Group to a “strong-buy” rating in a research report on Tuesday, July 7th. JPMorgan Chase & Co. decreased their price objective on shares of Wise Group from $17.50 to $17.30 and set an “overweight” rating for the company in a report on Friday, July 17th. Wall Street Zen raised shares of Wise Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Finally, Canaccord Genuity Group assumed coverage on shares of Wise Group in a research report on Wednesday, September 2nd. They issued a “buy” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Wise Group has a consensus rating of “Moderate Buy” and an average target price of $16.84.

Wise Group Stock Performance

Wise Group stock traded up $0.28 during mid-day trading on Tuesday, reaching $12.22. 2,672,940 shares of the company’s stock were exchanged, compared to its average volume of 1,463,968. The business has a fifty day simple moving average of $12.25. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.17. Wise Group has a one year low of $10.36 and a one year high of $17.47.

Wise Group (NASDAQ:WSE) last announced its quarterly earnings data on Thursday, June 25th. The company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $576.48 million during the quarter. As a group, analysts anticipate that Wise Group will post 0.57 EPS for the current year.

Institutional Trading of Wise Group

A number of large investors have recently bought and sold shares of WSE. jvl associates llc purchased a new stake in shares of Wise Group during the 3rd quarter valued at approximately $230,000. Versant Capital Management Inc bought a new stake in Wise Group during the third quarter valued at $114,000. Envestnet Asset Management Inc. purchased a new position in shares of Wise Group during the second quarter worth about $2,484,000. The Manufacturers Life Insurance Company purchased a new position in Wise Group in the 2nd quarter worth approximately $3,154,000. Finally, Squarepoint Ops LLC bought a new position in Wise Group in the second quarter valued at $415,000.

About Wise Group

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.