Wise Group plc (NASDAQ:WSE) Stock Has Average Target Price of $16.94

Wise Group plc (NASDAQ:WSE – Get Free Report) has received a consensus rating of “Buy” from the eleven analysts that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $16.94.

Several research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Wise Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 6th. Monness Crespi & Hardt upgraded shares of Wise Group to a “strong-buy” rating in a research report on Friday, October 16th. UBS Group increased their price objective on Wise Group from $16.00 to $17.25 and gave the stock a “buy” rating in a report on Tuesday, October 13th. Wall Street Zen downgraded shares of Wise Group from a “hold” rating to a “sell” rating in a research note on Saturday, October 17th. Finally, Canaccord Genuity Group started coverage on shares of Wise Group in a research note on Wednesday, September 2nd. They issued a “buy” rating for the company.

Read Our Latest Research Report on Wise Group

Wise Group Price Performance

Shares of WSE stock opened at $11.58 on Thursday. The firm has a 50 day simple moving average of $11.74. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 1.07. Wise Group has a 52 week low of $10.36 and a 52 week high of $17.47.

Wise Group (NASDAQ:WSE – Get Free Report) last posted its earnings results on Thursday, June 25th. The company reported $0.12 earnings per share for the quarter. The firm had revenue of $576.48 million during the quarter. As a group, analysts anticipate that Wise Group will post 0.57 EPS for the current year.

Insider Transactions at Wise Group

In other news, insider Nilan Peiris sold 58,262 shares of the firm’s stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $11.75, for a total transaction of $684,578.50. Following the completion of the transaction, the insider owned 2,516,438 shares in the company, valued at $29,568,146.50. This trade represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Harsh Sinha sold 42,324 shares of the firm’s stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $11.75, for a total transaction of $497,307.00. Following the completion of the sale, the chief technology officer owned 979,030 shares of the company’s stock, valued at approximately $11,503,602.50. This trade represents a 4.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 106,626 shares of company stock worth $1,252,856 in the last ninety days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Retirement Systems of Alabama acquired a new stake in shares of Wise Group in the third quarter worth $2,466,000. Commonwealth Equity Services LLC boosted its stake in Wise Group by 19.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 62,346 shares of the company’s stock valued at $710,000 after purchasing an additional 10,092 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Wise Group in the third quarter worth about $975,000. Asset Management One Co. Ltd. lifted its holdings in shares of Wise Group by 4,488.4% in the third quarter. Asset Management One Co. Ltd. now owns 229,972 shares of the company’s stock valued at $2,619,000 after buying an additional 224,960 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Wise Group by 9.0% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 4,771,451 shares of the company’s stock worth $54,347,000 after purchasing an additional 392,895 shares in the last quarter.

Wise Group Company Profile

(Get Free Report)

Wise Group PLC is a technology company. Its product offering includes Wise Account, Wise Business and Wise Platform. Wise Account is its solution for people with cross-border financial needs. Wise Business offers product along with business-specific functionalities designed to enable business customers. Wise Platform provide financial services for banks, financial institutions and enterprises. Wise Group PLC is based in LONDON, United Kingdom.

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Analyst Recommendations for Wise Group (NASDAQ:WSE)

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