Wisdom Tree Investments (NASDAQ:WETF) Upgraded at BidaskClub

BidaskClub upgraded shares of Wisdom Tree Investments (NASDAQ:WETF) from a sell rating to a hold rating in a report published on Wednesday, BidAskClub reports.

Separately, Zacks Investment Research raised shares of Wisdom Tree Investments from a sell rating to a hold rating in a research report on Saturday, September 14th. Four investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock has a consensus rating of Sell and an average target price of $7.80.

NASDAQ WETF opened at $5.57 on Wednesday. The company has a 50 day simple moving average of $5.28 and a 200-day simple moving average of $6.40. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.93 and a quick ratio of 1.78. The firm has a market capitalization of $863.13 million, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 2.42 and a beta of 1.58. Wisdom Tree Investments has a 52-week low of $4.56 and a 52-week high of $8.53.



Wisdom Tree Investments (NASDAQ:WETF) last posted its quarterly earnings results on Friday, July 26th. The asset manager reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $66.30 million during the quarter, compared to analysts’ expectations of $66.98 million. Wisdom Tree Investments had a return on equity of 11.09% and a net margin of 8.00%. Wisdom Tree Investments’s revenue for the quarter was down 11.4% compared to the same quarter last year. During the same period last year, the company earned $0.10 earnings per share. On average, analysts predict that Wisdom Tree Investments will post 0.22 EPS for the current year.

In other Wisdom Tree Investments news, insider Jeremy Schwartz acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were purchased at an average price of $4.73 per share, with a total value of $47,300.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 14.90% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of WETF. BlackRock Inc. grew its holdings in Wisdom Tree Investments by 6.5% during the second quarter. BlackRock Inc. now owns 18,096,723 shares of the asset manager’s stock valued at $111,658,000 after purchasing an additional 1,097,210 shares during the last quarter. Clearbridge Investments LLC grew its holdings in Wisdom Tree Investments by 0.3% during the first quarter. Clearbridge Investments LLC now owns 6,121,028 shares of the asset manager’s stock valued at $43,214,000 after purchasing an additional 18,732 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Wisdom Tree Investments by 3.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,599,120 shares of the asset manager’s stock valued at $23,934,000 after purchasing an additional 131,218 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Wisdom Tree Investments by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 3,561,986 shares of the asset manager’s stock valued at $21,977,000 after purchasing an additional 20,664 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Wisdom Tree Investments by 4.6% during the second quarter. Renaissance Technologies LLC now owns 2,452,602 shares of the asset manager’s stock valued at $15,133,000 after purchasing an additional 108,502 shares during the last quarter. 72.97% of the stock is currently owned by hedge funds and other institutional investors.

Wisdom Tree Investments Company Profile

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.

See Also: Outstanding Shares, Buying and Selling Stocks

Receive News & Ratings for Wisdom Tree Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wisdom Tree Investments and related companies with MarketBeat.com's FREE daily email newsletter.