Wisdom Tree Investments (NASDAQ:WETF) Upgraded to “Hold” at BidaskClub

BidaskClub upgraded shares of Wisdom Tree Investments (NASDAQ:WETF) from a sell rating to a hold rating in a research report sent to investors on Wednesday, BidAskClub reports.

Separately, Zacks Investment Research upgraded shares of Wisdom Tree Investments from a sell rating to a hold rating in a research report on Saturday, September 14th. Four research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Wisdom Tree Investments presently has a consensus rating of Sell and an average target price of $7.80.

Shares of WETF opened at $5.57 on Wednesday. The company has a current ratio of 1.93, a quick ratio of 1.78 and a debt-to-equity ratio of 0.59. The stock has a market cap of $856.15 million, a P/E ratio of 22.08, a PEG ratio of 2.43 and a beta of 1.58. The company has a 50-day moving average of $5.28 and a two-hundred day moving average of $6.40. Wisdom Tree Investments has a 12-month low of $4.56 and a 12-month high of $8.53.

Wisdom Tree Investments (NASDAQ:WETF) last announced its earnings results on Friday, July 26th. The asset manager reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $66.30 million for the quarter, compared to analyst estimates of $66.98 million. Wisdom Tree Investments had a return on equity of 11.09% and a net margin of 8.00%. The business’s revenue was down 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 EPS. As a group, analysts forecast that Wisdom Tree Investments will post 0.22 EPS for the current fiscal year.

In other news, insider Jeremy Schwartz acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was acquired at an average price of $4.73 per share, with a total value of $47,300.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 14.90% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Mason Street Advisors LLC grew its holdings in Wisdom Tree Investments by 4.8% in the first quarter. Mason Street Advisors LLC now owns 37,869 shares of the asset manager’s stock valued at $267,000 after purchasing an additional 1,750 shares during the period. Piedmont Investment Advisors Inc. grew its holdings in Wisdom Tree Investments by 6.6% in the first quarter. Piedmont Investment Advisors Inc. now owns 29,510 shares of the asset manager’s stock valued at $208,000 after purchasing an additional 1,822 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in Wisdom Tree Investments by 13.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 19,574 shares of the asset manager’s stock valued at $121,000 after purchasing an additional 2,260 shares during the period. Comerica Bank grew its holdings in Wisdom Tree Investments by 3.2% in the first quarter. Comerica Bank now owns 117,335 shares of the asset manager’s stock valued at $887,000 after purchasing an additional 3,611 shares during the period. Finally, Texas Permanent School Fund grew its holdings in Wisdom Tree Investments by 5.2% in the first quarter. Texas Permanent School Fund now owns 80,061 shares of the asset manager’s stock valued at $565,000 after purchasing an additional 3,951 shares during the period. Hedge funds and other institutional investors own 72.97% of the company’s stock.

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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