Zacks Investment Research Upgrades Wisdom Tree Investments (NASDAQ:WETF) to “Hold”

Wisdom Tree Investments (NASDAQ:WETF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday, Zacks.com reports.

According to Zacks, “INDIVIDUAL INVESTOR GROUP INC. is an information services company that publishes and markets Individual Investor magazine and Individual Investor’s Special Situations Report. In addition, the Company, through wholly owned subsidiaries, is the investment manager of private investment funds. “

Several other analysts also recently weighed in on WETF. Northland Securities reissued a “hold” rating and set a $9.00 target price on shares of Wisdom Tree Investments in a research report on Friday, April 12th. BidaskClub raised shares of Wisdom Tree Investments from a “sell” rating to a “hold” rating in a research report on Friday, April 19th. Finally, ValuEngine raised shares of Wisdom Tree Investments from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $7.80.

NASDAQ WETF opened at $6.15 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.80 and a current ratio of 1.90. The company has a market cap of $952.03 million, a price-to-earnings ratio of 19.22, a PEG ratio of 2.53 and a beta of 1.71. The stock’s 50 day moving average price is $6.33. Wisdom Tree Investments has a 52 week low of $5.73 and a 52 week high of $9.96.

Wisdom Tree Investments (NASDAQ:WETF) last posted its quarterly earnings data on Friday, April 26th. The asset manager reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $65.50 million for the quarter, compared to the consensus estimate of $66.82 million. Wisdom Tree Investments had a return on equity of 12.97% and a net margin of 12.84%. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.08 EPS. Analysts anticipate that Wisdom Tree Investments will post 0.24 EPS for the current year.

In related news, CEO Jonathan L. Steinberg bought 79,365 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were bought at an average price of $6.25 per share, with a total value of $496,031.25. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 14.90% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Mason Street Advisors LLC boosted its holdings in shares of Wisdom Tree Investments by 4.8% in the 1st quarter. Mason Street Advisors LLC now owns 37,869 shares of the asset manager’s stock valued at $267,000 after acquiring an additional 1,750 shares during the last quarter. Piedmont Investment Advisors Inc. boosted its holdings in shares of Wisdom Tree Investments by 6.6% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 29,510 shares of the asset manager’s stock valued at $208,000 after acquiring an additional 1,822 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Wisdom Tree Investments by 2.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 82,908 shares of the asset manager’s stock valued at $551,000 after acquiring an additional 1,823 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Wisdom Tree Investments by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 51,792 shares of the asset manager’s stock valued at $344,000 after acquiring an additional 2,018 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of Wisdom Tree Investments by 1.6% in the 1st quarter. Arizona State Retirement System now owns 181,896 shares of the asset manager’s stock valued at $1,284,000 after acquiring an additional 2,784 shares during the last quarter. 73.87% of the stock is currently owned by institutional investors.

About Wisdom Tree Investments

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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