Wall Street Zen Downgrades Wealthfront (NASDAQ:WLTH) to Sell

Wealthfront (NASDAQ:WLTH) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Thursday.

Separately, Wells Fargo & Company dropped their price objective on shares of Wealthfront from $16.50 to $15.50 and set an “overweight” rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $15.50.

Wealthfront Stock Performance

WLTH traded down $0.14 on Thursday, hitting $10.12. 2,265,457 shares of the stock traded hands, compared to its average volume of 2,143,520. Wealthfront has a 52 week low of $9.70 and a 52 week high of $14.88.

Wealthfront (NASDAQ:WLTH) last released its quarterly earnings data on Monday, January 12th. The company reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $93.22 million for the quarter.

About Wealthfront

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.