Shares of Wealthfront (NASDAQ:WLTH – Get Free Report) have received an average rating of “Hold” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $12.50.
A number of analysts have issued reports on WLTH shares. Wall Street Zen upgraded shares of Wealthfront from a “sell” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. cut their price objective on Wealthfront from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Friday, June 5th. Royal Bank Of Canada reduced their target price on Wealthfront from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, June 5th. The Goldman Sachs Group decreased their target price on Wealthfront from $12.00 to $10.50 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. Finally, Wells Fargo & Company dropped their price target on Wealthfront from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, July 1st.
Read Our Latest Analysis on Wealthfront
Insider Transactions at Wealthfront
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada bought a new stake in shares of Wealthfront in the 1st quarter valued at approximately $27,000. Sandia Investment Management LP purchased a new stake in Wealthfront during the 4th quarter valued at $44,000. Strs Ohio bought a new stake in Wealthfront in the first quarter worth $56,000. Barclays PLC purchased a new position in Wealthfront during the fourth quarter worth $136,000. Finally, Symmetry Investments LP bought a new position in Wealthfront during the fourth quarter valued at $190,000.
Wealthfront Stock Performance
Shares of WLTH opened at $9.15 on Wednesday. Wealthfront has a 1 year low of $7.20 and a 1 year high of $14.88. The firm’s 50 day moving average is $9.91. The stock has a market cap of $1.37 billion and a price-to-earnings ratio of -8.88.
Wealthfront (NASDAQ:WLTH – Get Free Report) last released its quarterly earnings data on Thursday, June 4th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). The firm had revenue of $90.48 million for the quarter. The company’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, equities research analysts expect that Wealthfront will post 0.42 EPS for the current year.
Wealthfront Company Profile
Wealthfront (NASDAQ:WLTH) is a technology-driven wealth management firm that provides automated investment services to individual investors. Operating as a robo-advisor, the company uses algorithms and software to construct and manage diversified portfolios largely composed of low-cost exchange-traded funds (ETFs). Its platform is geared toward long-term, goal-based investing with an emphasis on passive strategies, automated rebalancing and straightforward user experience delivered through web and mobile applications.
The company’s product suite includes automated portfolio management, tax-loss harvesting and goal-planning tools that help clients set and track financial objectives.
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