WisdomTree Investments (NASDAQ:WETF) Earns Maintaining Rating from StockNews.com Analysts

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.

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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.

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