Wisdom Tree Investments (NASDAQ:WETF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Saturday.
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 equities analysts also recently weighed in on the company. Citigroup dropped their price target on Wisdom Tree Investments from $7.00 to $6.00 and set a “sell” rating for the company in a research report on Thursday, September 20th. Gabelli reissued a “buy” rating on shares of Wisdom Tree Investments in a research report on Monday, July 30th. Morgan Stanley dropped their price target on Wisdom Tree Investments from $11.00 to $10.00 and set an “equal weight” rating for the company in a research report on Thursday, August 2nd. ValuEngine raised Wisdom Tree Investments from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 3rd. Finally, Keefe, Bruyette & Woods downgraded Wisdom Tree Investments from an “outperform” rating to a “mkt perform” rating in a research report on Friday, July 13th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Wisdom Tree Investments presently has an average rating of “Hold” and an average price target of $11.10.
Wisdom Tree Investments stock traded up $0.01 during mid-day trading on Friday, hitting $7.27. 2,150,549 shares of the company were exchanged, compared to its average volume of 1,370,043. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.57 and a current ratio of 1.63. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 1.56 and a beta of 2.47. Wisdom Tree Investments has a 12-month low of $7.03 and a 12-month high of $13.41.
Wisdom Tree Investments (NASDAQ:WETF) last released its quarterly earnings results on Friday, July 27th. The asset manager reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $74.80 million during the quarter, compared to the consensus estimate of $75.22 million. Wisdom Tree Investments had a return on equity of 16.31% and a net margin of 13.54%. Wisdom Tree Investments’s revenue was up 33.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 earnings per share. On average, analysts forecast that Wisdom Tree Investments will post 0.36 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the company. Vident Investment Advisory LLC purchased a new stake in shares of Wisdom Tree Investments in the second quarter valued at $100,000. Fox Run Management L.L.C. purchased a new stake in Wisdom Tree Investments during the second quarter valued at about $101,000. Sciencast Management LP purchased a new stake in Wisdom Tree Investments during the first quarter valued at about $111,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in Wisdom Tree Investments during the first quarter valued at about $114,000. Finally, Profund Advisors LLC grew its position in Wisdom Tree Investments by 25.1% during the first quarter. Profund Advisors LLC now owns 22,283 shares of the asset manager’s stock valued at $204,000 after acquiring an additional 4,465 shares during the period. 71.39% 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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