Wisdom Tree Investments’ (WETF) Sell Rating Reaffirmed at Zacks Investment Research

Wisdom Tree Investments (NASDAQ:WETF)‘s stock had its “sell” rating reissued by Zacks Investment Research in a report released on Saturday, 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. “

Several other research firms have also recently weighed in on WETF. Morgan Stanley lowered their price objective on shares of Wisdom Tree Investments from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 8th. Northland Securities set a $6.50 price objective on shares of Wisdom Tree Investments and gave the company a “hold” rating in a research report on Wednesday, October 9th. BidaskClub upgraded shares of Wisdom Tree Investments from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th. Finally, ValuEngine upgraded shares of Wisdom Tree Investments from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company. Wisdom Tree Investments presently has an average rating of “Hold” and an average price target of $7.10.

NASDAQ WETF traded up $0.01 on Friday, hitting $4.91. The stock had a trading volume of 443,657 shares, compared to its average volume of 1,052,710. Wisdom Tree Investments has a 52-week low of $4.55 and a 52-week high of $8.10. 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 $759.99 million, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 2.32 and a beta of 1.60. The firm has a 50-day moving average of $5.09 and a 200-day moving average of $6.10.

Wisdom Tree Investments (NASDAQ:WETF) last posted its earnings results on Friday, July 26th. The asset manager reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). Wisdom Tree Investments had a return on equity of 11.09% and a net margin of 8.00%. The firm had revenue of $66.30 million during the quarter, compared to analysts’ expectations of $66.98 million. During the same quarter in the prior year, the company earned $0.10 earnings per share. The business’s revenue for the quarter was down 11.4% compared to the same quarter last year. As a group, research analysts anticipate that Wisdom Tree Investments will post 0.21 earnings per share for the current fiscal year.

In related news, insider Jeremy Schwartz acquired 10,000 shares of the stock in a transaction dated 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 14.90% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Jacobs Asset Management LLC purchased a new stake in shares of Wisdom Tree Investments during the 2nd quarter valued at $2,205,000. Whittier Trust Co. of Nevada Inc. grew its holdings 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 valued at $121,000 after purchasing an additional 2,260 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Wisdom Tree Investments during the 2nd quarter valued at $1,055,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Wisdom Tree Investments by 18.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 915,229 shares of the asset manager’s stock valued at $5,647,000 after purchasing an additional 142,842 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Wisdom Tree Investments by 6.5% during the 2nd 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. Hedge funds and other institutional investors own 73.01% 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.

Featured Article: Cost of equity and a company’s balance sheet

Get a free copy of the Zacks research report on Wisdom Tree Investments (WETF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.