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WisdomTree Investments (NASDAQ:WETF) Stock Rating Lowered by Zacks Investment Research

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WisdomTree Investments (NASDAQ:WETFGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Thursday, Zacks.com reports.

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. “

A number of other brokerages also recently weighed in on WETF. Deutsche Bank Aktiengesellschaft lowered their target price on shares of WisdomTree Investments from $7.00 to $6.00 in a research note on Thursday, April 7th. Morgan Stanley lowered their target price on shares of WisdomTree Investments from $7.00 to $6.75 in a research note on Friday, April 8th. Finally, StockNews.com downgraded shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $10.44.

Shares of WisdomTree Investments stock opened at $5.54 on Thursday. WisdomTree Investments has a 12-month low of $5.08 and a 12-month high of $7.38. The company has a market cap of $812.09 million, a price-to-earnings ratio of 39.57 and a beta of 1.59. The company has a current ratio of 4.28, a quick ratio of 2.28 and a debt-to-equity ratio of 1.26. The company’s 50-day moving average price is $7.64 and its 200-day moving average price is $10.67.

WisdomTree Investments (NASDAQ:WETFGet Rating) last announced its earnings results on Friday, April 29th. The asset manager reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $78.40 million for the quarter, compared to the consensus estimate of $78.74 million. WisdomTree Investments had a net margin of 7.79% and a return on equity of 24.16%. WisdomTree Investments’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm posted $0.08 earnings per share. On average, sell-side analysts predict that WisdomTree Investments will post 0.37 earnings per share for the current year.

In other WisdomTree Investments news, CEO Jonathan L. Steinberg sold 153,913 shares of the stock in a transaction that occurred on Tuesday, February 15th. The shares were sold at an average price of $5.87, for a total transaction of $903,469.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 8.00% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the company. SMH Capital Advisors Inc. grew its holdings in shares of WisdomTree Investments by 12.6% in the first quarter. SMH Capital Advisors Inc. now owns 22,698 shares of the asset manager’s stock worth $133,000 after purchasing an additional 2,535 shares during the last quarter. Capital Management Corp VA lifted its stake in WisdomTree Investments by 23.5% in the first quarter. Capital Management Corp VA now owns 2,081,202 shares of the asset manager’s stock worth $12,217,000 after acquiring an additional 395,377 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in WisdomTree Investments in the first quarter worth $38,000. Glassy Mountain Advisors Inc. purchased a new stake in WisdomTree Investments in the first quarter worth $117,000. Finally, Norges Bank purchased a new stake in WisdomTree Investments in the fourth quarter worth $6,735,000. Hedge funds and other institutional investors own 82.02% of the company’s stock.

WisdomTree Investments Company Profile (Get Rating)

WisdomTree Investments, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.

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