WisdomTree Investments, Inc. (WETF) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of WisdomTree Investments, Inc. (NASDAQ:WETF) from a hold rating to a sell rating in a report issued on Wednesday, October 18th.

According to Zacks, “INDIVIDUAL INVESTOR GROUP INC. is an information services company that publishes and markets Individual Investor magazine and Individual Investor’s Special Situations Report. In addition, the Company, through wholly owned subsidiaries, is the investment manager of private investment funds. “

Other research analysts also recently issued reports about the company. Jefferies Group LLC reissued a buy rating and issued a $14.00 price objective on shares of WisdomTree Investments in a research note on Wednesday, June 28th. ValuEngine downgraded WisdomTree Investments from a hold rating to a sell rating in a research note on Thursday, July 20th. Keefe, Bruyette & Woods reaffirmed a sell rating and set a $9.25 price target on shares of WisdomTree Investments in a research note on Thursday, September 21st. Northland Securities reaffirmed a hold rating and set a $10.50 price target on shares of WisdomTree Investments in a research note on Sunday, July 30th. Finally, Deutsche Bank AG assumed coverage on WisdomTree Investments in a research note on Tuesday, October 17th. They set a buy rating and a $13.00 price target on the stock. Six investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $10.60.

Shares of WisdomTree Investments (WETF) traded up 2.48% on Wednesday, hitting $11.56. 2,378,928 shares of the stock traded hands. WisdomTree Investments has a one year low of $7.87 and a one year high of $13.32. The company’s 50 day moving average is $10.20 and its 200 day moving average is $9.68. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 52.55 and a beta of 3.15.

WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings results on Friday, October 27th. The asset manager reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. WisdomTree Investments had a return on equity of 15.41% and a net margin of 13.33%. The firm had revenue of $57.99 million for the quarter, compared to analyst estimates of $57.89 million. During the same quarter in the previous year, the company posted $0.06 EPS. The business’s revenue was up 12.0% on a year-over-year basis. On average, equities analysts forecast that WisdomTree Investments will post $0.26 EPS for the current year.

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In other WisdomTree Investments news, Director Bruce I. Lavine sold 19,849 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $9.95, for a total transaction of $197,497.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.10% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisor Group Inc. grew its holdings in WisdomTree Investments by 12.4% during the second quarter. Advisor Group Inc. now owns 15,383 shares of the asset manager’s stock valued at $157,000 after purchasing an additional 1,700 shares during the period. Piedmont Investment Advisors LLC bought a new position in WisdomTree Investments during the second quarter valued at $252,000. TIAA CREF Investment Management LLC grew its holdings in WisdomTree Investments by 0.3% during the second quarter. TIAA CREF Investment Management LLC now owns 310,856 shares of the asset manager’s stock valued at $3,161,000 after purchasing an additional 1,011 shares during the period. Aberdeen Asset Management PLC UK lifted its position in shares of WisdomTree Investments by 8.1% during the second quarter. Aberdeen Asset Management PLC UK now owns 2,962,738 shares of the asset manager’s stock worth $30,131,000 after acquiring an additional 222,963 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of WisdomTree Investments by 13.7% during the second quarter. New York State Common Retirement Fund now owns 228,614 shares of the asset manager’s stock worth $2,325,000 after acquiring an additional 27,608 shares in the last quarter. 92.54% of the stock is owned by institutional investors and hedge funds.

About WisdomTree Investments

WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes funds that track its own indexes, funds that track third party indexes and actively managed funds. It operates as an exchange traded products sponsor and asset manager providing investment advisory services in the United States, Europe, Canada and Japan.

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