Wise Group plc (NASDAQ:WSE – Get Free Report)’s stock price gapped up before the market opened on Friday. The stock had previously closed at $10.93, but opened at $11.72. Wise Group shares last traded at $11.8450, with a volume of 1,933,522 shares trading hands.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on WSE. UBS Group boosted their price objective on Wise Group from $16.00 to $17.25 and gave the company a “buy” rating in a research report on Tuesday, October 13th. Monness Crespi & Hardt upgraded shares of Wise Group to a “strong-buy” rating in a report on Friday, October 16th. Wall Street Zen lowered shares of Wise Group from a “hold” rating to a “sell” rating in a research note on Saturday, October 17th. Canaccord Genuity Group assumed coverage on shares of Wise Group in a research note on Wednesday, September 2nd. They issued a “buy” rating on the stock. Finally, JPMorgan Chase & Co. upped their price target on shares of Wise Group from $17.30 to $17.70 and gave the company an “overweight” rating in a report on Friday, October 16th. Three investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Wise Group has a consensus rating of “Buy” and an average price target of $16.94.
View Our Latest Research Report on Wise Group
Wise Group Price Performance
The stock’s 50-day moving average is $11.51. 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 (NASDAQ:WSE – Get Free Report) last released its quarterly earnings results on Friday, November 13th. The company reported $0.12 earnings per share for the quarter. The firm had revenue of $726.55 million for the quarter. Equities analysts expect that Wise Group plc will post 0.56 earnings per share for the current year.
Insider Activity
In other news, CTO Harsh Sinha sold 42,324 shares of the business’s stock in a transaction on Friday, October 16th. The shares were sold at an average price of $11.75, for a total value of $497,307.00. Following the sale, the chief technology officer owned 979,030 shares of the company’s stock, valued at $11,503,602.50. The trade was a 4.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Nilan Peiris sold 58,262 shares of the business’s stock in a transaction on 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 sale, the insider directly owned 2,516,438 shares in the company, valued at approximately $29,568,146.50. This represents a 2.26% decrease in their position. 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 106,626 shares of company stock worth $1,252,856 over the last ninety days.
Institutional Investors Weigh In On Wise Group
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Sector Pension Investment Board lifted its position in Wise Group by 0.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 399,585 shares of the company’s stock worth $4,878,000 after buying an additional 3,219 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new position in shares of Wise Group during the 2nd quarter worth about $49,000. Cibc World Market Inc. boosted its stake in shares of Wise Group by 2.7% during the 3rd quarter. Cibc World Market Inc. now owns 188,669 shares of the company’s stock worth $2,149,000 after buying an additional 5,003 shares during the last quarter. Versant Capital Management Inc acquired a new position in shares of Wise Group during the 3rd quarter worth about $114,000. Finally, R Squared Ltd bought a new position in shares of Wise Group in the 3rd quarter valued at about $115,000.
About Wise Group
Wise Group AB is a Swedish human resources and staffing company that provides recruitment, consulting and related workforce services to employers. Its services have covered areas including information technology, finance, human resources, sales and marketing. The company serves businesses in Sweden through specialist brands and teams focused on different professional fields. Its offerings include permanent recruitment, interim staffing and consulting support. Wise Group was founded in 1999 and is headquartered in Stockholm, Sweden.
Read More
- Five stocks we like better than Wise Group
- Is Buying the NVIDIA Dip a Mistake? 3 Value Stocks Offer a Different Path Forward
- Costco’s Record $30 Dividend Shows Just How Strong Its Cash Machine Is
- Heavy Lifting: Can USA Rare Earth Turn Its First Sales Into Big Profits?
- These 3 Stocks Have Bought Back Billions, But Which Offers the Best Value?
Receive News & Ratings for Wise Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wise Group and related companies with MarketBeat.com's FREE daily email newsletter.
