WisdomTree Investments (NASDAQ:WETF) Upgraded to Buy by BidaskClub

WisdomTree Investments (NASDAQ:WETF) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Wednesday, May 9th.

A number of other equities analysts also recently weighed in on WETF. Zacks Investment Research raised shares of WisdomTree Investments from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Sunday, January 21st. Deutsche Bank lowered their target price on shares of WisdomTree Investments from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, April 6th. Jefferies Group reissued a “buy” rating and set a $15.00 target price on shares of WisdomTree Investments in a research note on Thursday, January 11th. Credit Suisse Group initiated coverage on shares of WisdomTree Investments in a research note on Wednesday, April 18th. They set an “outperform” rating and a $13.00 target price for the company. Finally, Keefe, Bruyette & Woods raised shares of WisdomTree Investments from a “market perform” rating to an “outperform” rating in a research note on Monday, April 30th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $11.98.

Shares of WisdomTree Investments opened at $11.66 on Wednesday, MarketBeat.com reports. WisdomTree Investments has a fifty-two week low of $11.17 and a fifty-two week high of $11.56. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 48.58, a P/E/G ratio of 2.04 and a beta of 2.63.

WisdomTree Investments (NASDAQ:WETF) last issued its earnings results on Friday, April 27th. The asset manager reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. The firm had revenue of $59.61 million for the quarter, compared to analyst estimates of $59.32 million. WisdomTree Investments had a net margin of 12.27% and a return on equity of 18.28%. The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the business posted $0.05 earnings per share. equities research analysts expect that WisdomTree Investments will post 0.38 EPS for the current fiscal year.

In other news, insider David J. Abner sold 25,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $10.52, for a total transaction of $263,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael H. Steinhardt sold 177,009 shares of the business’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $9.94, for a total transaction of $1,759,469.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 860,273 shares of company stock valued at $8,525,276. 16.10% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in WisdomTree Investments by 0.6% during the first quarter. BlackRock Inc. now owns 13,543,682 shares of the asset manager’s stock worth $124,196,000 after purchasing an additional 75,758 shares during the last quarter. TimesSquare Capital Management LLC boosted its holdings in WisdomTree Investments by 16.3% during the fourth quarter. TimesSquare Capital Management LLC now owns 8,403,900 shares of the asset manager’s stock worth $105,469,000 after purchasing an additional 1,176,600 shares during the last quarter. Fred Alger Management Inc. boosted its holdings in WisdomTree Investments by 26.2% during the fourth quarter. Fred Alger Management Inc. now owns 7,392,054 shares of the asset manager’s stock worth $92,770,000 after purchasing an additional 1,535,994 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in WisdomTree Investments by 0.7% during the fourth quarter. Clearbridge Investments LLC now owns 4,842,415 shares of the asset manager’s stock worth $60,772,000 after purchasing an additional 34,160 shares during the last quarter. Finally, Standard Life Aberdeen plc boosted its holdings in WisdomTree Investments by 19.4% during the fourth quarter. Standard Life Aberdeen plc now owns 3,694,333 shares of the asset manager’s stock worth $46,383,000 after purchasing an additional 600,276 shares during the last quarter. Institutional investors and hedge funds own 76.88% of the company’s stock.

WisdomTree 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.

Analyst Recommendations for WisdomTree Investments (NASDAQ:WETF)

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