WisdomTree Investments, Inc. (NASDAQ:WETF) Director Frank Salerno sold 50,000 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $11.71, for a total value of $585,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
WisdomTree Investments, Inc. (WETF) traded up $0.04 during mid-day trading on Friday, hitting $13.23. The stock had a trading volume of 1,018,206 shares, compared to its average volume of 1,060,596. The firm has a market capitalization of $1,805.86, a PE ratio of 60.14, a P/E/G ratio of 2.17 and a beta of 3.16. WisdomTree Investments, Inc. has a 52 week low of $7.87 and a 52 week high of $13.41.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings data on Friday, October 27th. The asset manager reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $57.99 million during the quarter, compared to analysts’ expectations of $57.89 million. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. WisdomTree Investments’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 earnings per share. equities analysts predict that WisdomTree Investments, Inc. will post 0.25 EPS for the current year.
Hedge funds have recently bought and sold shares of the company. Everence Capital Management Inc. acquired a new position in shares of WisdomTree Investments during the third quarter worth about $103,000. Penserra Capital Management LLC acquired a new position in WisdomTree Investments during the second quarter valued at approximately $107,000. Traynor Capital Management Inc. acquired a new position in WisdomTree Investments during the third quarter valued at approximately $111,000. 3D Asset Management Inc. acquired a new position in WisdomTree Investments during the third quarter valued at approximately $112,000. Finally, Shelton Capital Management acquired a new position in WisdomTree Investments during the second quarter valued at approximately $116,000. 89.41% of the stock is owned by institutional investors.
Several equities research analysts have issued reports on WETF shares. Deutsche Bank started coverage on WisdomTree Investments in a report on Tuesday, October 17th. They issued a “buy” rating and a $13.00 price target for the company. Zacks Investment Research downgraded WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Keefe, Bruyette & Woods restated a “sell” rating and issued a $9.25 price target on shares of WisdomTree Investments in a report on Thursday, September 21st. BidaskClub upgraded WisdomTree Investments from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 6th. Finally, UBS Group increased their price target on WisdomTree Investments from $8.00 to $8.50 and gave the stock a “sell” rating in a report on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. WisdomTree Investments has a consensus rating of “Hold” and an average target price of $11.94.
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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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