Other equities research analysts also recently issued reports about the stock. Morgan Stanley cut their target price on shares of WisdomTree Investments from $7.00 to $6.75 in a research note on Friday, April 8th. Zacks Investment Research cut shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Thursday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of WisdomTree Investments from $7.00 to $6.00 in a research report on Thursday, April 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $10.44.
WETF opened at $5.43 on Thursday. The firm has a market capitalization of $795.82 million, a PE ratio of 38.79 and a beta of 1.59. WisdomTree Investments has a twelve month low of $5.08 and a twelve month high of $7.38. The firm’s 50-day moving average price is $7.11 and its 200 day moving average price is $10.44. The company has a current ratio of 4.28, a quick ratio of 2.28 and a debt-to-equity ratio of 1.26.
WisdomTree Investments (NASDAQ:WETF – Get Rating) last posted its earnings results on Friday, April 29th. The asset manager reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $78.40 million for the quarter, compared to analyst estimates of $78.74 million. WisdomTree Investments had a net margin of 7.79% and a return on equity of 24.16%. WisdomTree Investments’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.08 EPS. As a group, analysts predict that WisdomTree Investments will post 0.37 earnings per share for the current fiscal 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 transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 8.00% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its stake in WisdomTree Investments by 2.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,333,845 shares of the asset manager’s stock worth $7,830,000 after purchasing an additional 28,837 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in WisdomTree Investments during the first quarter worth approximately $583,000. Federated Hermes Inc. raised its stake in WisdomTree Investments by 1.7% during the first quarter. Federated Hermes Inc. now owns 214,201 shares of the asset manager’s stock worth $1,257,000 after purchasing an additional 3,516 shares during the period. Bridgewater Associates LP purchased a new position in shares of WisdomTree Investments in the 1st quarter valued at $916,000. Finally, Fuller & Thaler Asset Management Inc. raised its stake in shares of WisdomTree Investments by 0.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 510,480 shares of the asset manager’s stock valued at $2,997,000 after acquiring an additional 2,605 shares during the period. 82.02% of the stock is currently owned by institutional investors.
About WisdomTree Investments (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.
Receive News & Ratings for WisdomTree Investments Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for WisdomTree Investments and related companies with MarketBeat.com’s FREE daily email newsletter.