Other equities analysts have also issued reports about the company. Northland Securities reaffirmed a “hold” rating and set a $3.75 target price on shares of Wisdom Tree Investments in a research report on Monday, August 3rd. Morgan Stanley upped their target price on Wisdom Tree Investments from $3.75 to $4.75 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Bank of America increased their price target on Wisdom Tree Investments from $2.75 to $3.40 and gave the company an “underperform” rating in a research report on Friday, July 10th. Northcoast Research raised Wisdom Tree Investments from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 8th. Finally, ValuEngine lowered Wisdom Tree Investments from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $3.56.
Shares of NASDAQ:WETF opened at $3.43 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.52 and a debt-to-equity ratio of 0.49. Wisdom Tree Investments has a twelve month low of $1.87 and a twelve month high of $5.65. The stock’s 50 day moving average is $3.74 and its 200-day moving average is $3.28. The firm has a market capitalization of $514.08 million, a price-to-earnings ratio of -31.18, a PEG ratio of 0.64 and a beta of 1.90.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC bought a new position in Wisdom Tree Investments in the 2nd quarter valued at $48,000. Balyasny Asset Management LLC bought a new position in Wisdom Tree Investments in the 1st quarter valued at $37,000. UBS Group AG grew its stake in Wisdom Tree Investments by 104.6% in the 1st quarter. UBS Group AG now owns 16,520 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 376,071 shares during the period. Bank of Montreal Can grew its stake in Wisdom Tree Investments by 1,534.3% in the 2nd quarter. Bank of Montreal Can now owns 17,830 shares of the asset manager’s stock valued at $60,000 after purchasing an additional 16,739 shares during the period. Finally, Jane Street Group LLC bought a new position in Wisdom Tree Investments in the 1st quarter valued at $42,000. 71.02% of the stock is owned by institutional investors and hedge funds.
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.
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