WisdomTree Investments (NASDAQ:WETF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Saturday, January 27th. The brokerage currently has a $14.00 price target on the asset manager’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 39.17% from the stock’s current price.
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 equities analysts have also recently issued reports about the company. Northland Securities reaffirmed a “hold” rating and issued a $12.00 price objective on shares of WisdomTree Investments in a research report on Sunday, October 29th. BidaskClub raised WisdomTree Investments from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. Citigroup reaffirmed a “buy” rating and issued a $15.00 price objective on shares of WisdomTree Investments in a research report on Monday, October 30th. Jefferies Group reissued a “buy” rating and set a $15.00 price target on shares of WisdomTree Investments in a report on Thursday, January 11th. Finally, Keefe, Bruyette & Woods reissued a “sell” rating and set a $10.00 price target on shares of WisdomTree Investments in a report on Thursday, October 12th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.85.
WisdomTree Investments (WETF) opened at $10.06 on Friday. The stock has a market capitalization of $1,404.21, a P/E ratio of 50.30, a P/E/G ratio of 1.59 and a beta of 2.69. WisdomTree Investments has a 12-month low of $7.87 and a 12-month high of $13.41.
WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings data on Friday, February 2nd. The asset manager reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.03). The business had revenue of $61.39 million during the quarter, compared to the consensus estimate of $60.89 million. WisdomTree Investments had a net margin of 11.46% and a return on equity of 16.00%. The business’s revenue was up 20.8% compared to the same quarter last year. During the same period last year, the company posted $0.03 earnings per share. equities analysts predict that WisdomTree Investments will post 0.43 EPS for the current year.
In related news, insider Kurt Macalpine acquired 19,710 shares of WisdomTree Investments stock in a transaction dated Monday, February 5th. The stock was purchased at an average cost of $10.38 per share, for a total transaction of $204,589.80. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Frank Salerno sold 50,000 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $11.71, for a total value of $585,500.00. The disclosure for this sale can be found here. 16.60% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of WisdomTree Investments by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 10,709,512 shares of the asset manager’s stock worth $108,916,000 after purchasing an additional 327,661 shares in the last quarter. TimesSquare Capital Management LLC increased its stake in WisdomTree Investments by 16.3% in the 4th quarter. TimesSquare Capital Management LLC now owns 8,403,900 shares of the asset manager’s stock worth $105,469,000 after buying an additional 1,176,600 shares in the last quarter. Fred Alger Management Inc. increased its stake in WisdomTree Investments by 26.2% in the 4th quarter. Fred Alger Management Inc. now owns 7,392,054 shares of the asset manager’s stock worth $92,770,000 after buying an additional 1,535,994 shares in the last quarter. Capital World Investors grew its position in shares of WisdomTree Investments by 123.0% during the second quarter. Capital World Investors now owns 6,800,000 shares of the asset manager’s stock valued at $69,156,000 after purchasing an additional 3,750,000 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of WisdomTree Investments by 0.7% during the fourth quarter. Clearbridge Investments LLC now owns 4,842,415 shares of the asset manager’s stock valued at $60,772,000 after purchasing an additional 34,160 shares in the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.
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WisdomTree Investments Company Profile
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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