Wisdom Tree Investments Inc (NASDAQ:WETF) Receives Average Rating of “Sell” from Brokerages

Shares of Wisdom Tree Investments Inc (NASDAQ:WETF) have earned a consensus rating of “Sell” from the seven brokerages that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $8.00.

A number of research analysts have recently weighed in on the company. BidaskClub upgraded Wisdom Tree Investments from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. Zacks Investment Research downgraded Wisdom Tree Investments from a “hold” rating to a “sell” rating in a report on Friday.

Shares of WETF stock traded down $0.23 on Thursday, reaching $5.40. 1,655,800 shares of the company’s stock traded hands, compared to its average volume of 1,264,517. Wisdom Tree Investments has a 12-month low of $4.56 and a 12-month high of $8.53. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.78 and a current ratio of 1.93. The company has a market capitalization of $873.21 million, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 2.45 and a beta of 1.59. The business’s 50 day moving average price is $5.25 and its two-hundred day moving average price is $6.36.



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

In other news, insider Jeremy Schwartz bought 10,000 shares of the stock in a transaction on Wednesday, August 28th. The shares were purchased at an average price of $4.73 per share, for a total transaction of $47,300.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 14.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of WETF. NumerixS Investment Technologies Inc purchased a new position in Wisdom Tree Investments in the second quarter valued at about $25,000. Magnus Financial Group LLC bought a new stake in shares of Wisdom Tree Investments during the 1st quarter worth about $82,000. Truvvo Partners LLC bought a new stake in shares of Wisdom Tree Investments during the 2nd quarter worth about $92,000. Bank of Montreal Can boosted its stake in shares of Wisdom Tree Investments by 166.3% during the 2nd quarter. Bank of Montreal Can now owns 19,179 shares of the asset manager’s stock worth $117,000 after acquiring an additional 11,976 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Wisdom Tree Investments by 13.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 19,574 shares of the asset manager’s stock worth $121,000 after acquiring an additional 2,260 shares in the last quarter. Hedge funds and other institutional investors own 72.97% of the company’s stock.

About Wisdom Tree Investments

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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