Wisdom Tree Investments (NASDAQ:WETF) had its target price trimmed by Morgan Stanley from $7.00 to $6.00 in a research report sent to investors on Tuesday, BenzingaRatingsTable reports. The brokerage currently has an equal weight rating on the asset manager’s stock.
Several other equities analysts also recently issued reports on the company. BidaskClub raised Wisdom Tree Investments from a sell rating to a hold rating in a research report on Wednesday, September 18th. Zacks Investment Research reissued a sell rating on shares of Wisdom Tree Investments in a research report on Saturday, October 5th. Finally, ValuEngine raised 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 assigned a hold rating to the company. Wisdom Tree Investments currently has a consensus rating of Hold and an average price target of $7.10.
NASDAQ WETF opened at $4.86 on Tuesday. 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 stock’s fifty day moving average price is $5.10 and its 200 day moving average price is $6.18. Wisdom Tree Investments has a 1 year low of $4.55 and a 1 year high of $8.10. The company has a market cap of $753.78 million, a price-to-earnings ratio of 15.19, a PEG ratio of 2.14 and a beta of 1.60.
Wisdom Tree Investments (NASDAQ:WETF) last released its earnings results on Friday, July 26th. The asset manager reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $66.30 million during the quarter, compared to analyst estimates of $66.98 million. During the same period in the previous year, the company earned $0.10 earnings per share. Wisdom Tree Investments’s revenue was down 11.4% on a year-over-year basis. Research analysts expect that Wisdom Tree Investments will post 0.21 earnings per share for the current year.
In related news, insider Jeremy Schwartz purchased 10,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were bought at an average cost of $4.73 per share, with a total value of $47,300.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 14.90% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. NumerixS Investment Technologies Inc acquired a new stake in Wisdom Tree Investments during the 2nd quarter worth about $25,000. Truvvo Partners LLC acquired a new stake in Wisdom Tree Investments during the 2nd quarter worth about $92,000. Bank of Montreal Can grew its position in 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 purchasing an additional 11,976 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in 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 purchasing an additional 2,260 shares during the period. Finally, A.R.T. Advisors LLC acquired a new stake in Wisdom Tree Investments during the 2nd quarter worth about $196,000. 72.97% of the stock is currently owned by institutional investors.
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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