StockNews.com launched coverage on the shares of WisdomTree Investments (NASDAQ:WETF – Get Rating) in a research note published Thursday. The firm has set a “conservation” rating on the asset manager’s shares.
Separately, Zacks Investment Research downgraded shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a Friday, March 11 report. Four investment analysts gave the stock a hold rating and one gave the company a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $14.13.
WETF opened at $5.70 on Thursday. The company’s 50-day moving average is $10.54 and its 200-day moving average is $11.70. WisdomTree Investments has a 1 year minimum of $5.08 and a 1 year maximum of $7.38. The company has a current ratio of 3.63, a quick ratio of 2.11 and a debt ratio of 1.18. The company has a market capitalization of $835.54 million, a P/E ratio of 18.39 and a beta of 1.71.
WisdomTree Investments (NASDAQ:WETF – Get Rating) last released its quarterly results on Friday, January 28. The asset manager reported earnings per share of $0.20 for the quarter, beating consensus analyst estimates of $0.18 by $0.02. WisdomTree Investments posted a net margin of 16.18% and a return on equity of 23.10%. The company posted revenue of $79.20 million for the quarter, versus a consensus estimate of $78.62 million. During the same period last year, the company posted EPS of $0.12. The company’s quarterly revenue increased by 18.0% compared to the same quarter last year. On average, stock analysts expect WisdomTree Investments to post an EPS of 0.38 for the current year.
Separately, CEO Jonathan L. Steinberg sold 153,913 shares of the company in a transaction that took place on Tuesday, February 15. The shares were sold at an average price of $5.87, for a total value of $903,469.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. 8.00% of the shares are held by insiders of the company.
A number of institutional investors have recently increased or reduced their stake in WETF. Janus Henderson Group PLC bought a new position in WisdomTree Investments during Q3 worth approximately $65,000. Wolverine Trading LLC purchased a new position in WisdomTree Investments during Q3 for a value of approximately $67,000. Point72 Hong Kong Ltd increased its stake in WisdomTree Investments by 33.5% during the 3rd quarter. Point72 Hong Kong Ltd now owns 13,731 shares in the asset manager worth $78,000 after buying 3,447 additional shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in WisdomTree Investments by 12.3% during Q3. Barrow Hanley Mewhinney & Strauss LLC now owns 16,335 shares of the asset manager worth $93,000 after buying 1,783 additional shares in the last quarter. Finally, Advisor Group Holdings Inc. increased its stake in WisdomTree Investments by 69.8% during the third quarter. Advisor Group Holdings Inc. now owns 17,662 shares of the asset manager worth $101,000 after buying an additional 7,258 shares in the last quarter. Hedge funds and other institutional investors hold 80.73% of the company’s shares.
WisdomTree Investments Company Profile (Get a rating)
WisdomTree Investments, Inc, through its subsidiaries, operates as a sponsor and asset manager of exchange-traded funds (ETFs). It offers ETFs on stocks, currencies, fixed income securities and alternative asset classes. The company also licenses its indices to third parties for proprietary products, and offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in WisdomTree Investments right now?
Before you consider WisdomTree Investments, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and WisdomTree Investments was not on the list.
While WisdomTree Investments currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here