Wise Group (NASDAQ:WSE) Insider Sells $684,578.50 in Stock

Wise Group plc (NASDAQ:WSE) 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Wise Group Stock Up 0.4%

Shares of NASDAQ WSE opened at $11.05 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average of $12.12. Wise Group plc has a fifty-two week low of $10.36 and a fifty-two week high of $17.47.

Wise Group (NASDAQ:WSE) last released its earnings results on Thursday, June 25th. The company reported $0.12 earnings per share for the quarter. The business had revenue of $576.48 million for the quarter. As a group, equities analysts anticipate that Wise Group plc will post 0.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on WSE shares. Morgan Stanley started coverage on Wise Group in a research report on Monday, June 29th. They issued an “equal weight” rating and a $16.10 target price on the stock. UBS Group boosted their target price on Wise Group from $16.00 to $17.25 and gave the stock a “buy” rating in a research note on Tuesday, October 13th. JPMorgan Chase & Co. increased their target price on shares of Wise Group from $17.30 to $17.70 and gave the stock an “overweight” rating in a report on Friday, October 16th. 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 assumed coverage on shares of Wise Group in a research note on Wednesday, September 2nd. They issued a “buy” rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $16.94.

Institutional Trading of Wise Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank Pictet & Cie Europe AG boosted its stake in shares of Wise Group by 28.0% during the third quarter. Bank Pictet & Cie Europe AG now owns 68,100 shares of the company’s stock valued at $782,000 after purchasing an additional 14,900 shares in the last quarter. Vontobel Holding Ltd. bought a new stake in shares of Wise Group during the third quarter worth about $1,251,000. Ninety One UK Ltd increased its stake in shares of Wise Group by 37.4% in the third quarter. Ninety One UK Ltd now owns 7,195,705 shares of the company’s stock valued at $82,629,000 after buying an additional 1,959,751 shares during the period. jvl associates llc acquired a new position in shares of Wise Group in the third quarter valued at approximately $230,000. Finally, Versant Capital Management Inc acquired a new position in shares of Wise Group in the third quarter valued at approximately $114,000.

Wise Group Company Profile

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.