Wisdom Tree Investments (NASDAQ:WETF) Rating Increased to Sell at BidaskClub

Wisdom Tree Investments (NASDAQ:WETF) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Tuesday, BidAskClub reports.

Separately, Zacks Investment Research downgraded shares of Wisdom Tree Investments from a “hold” rating to a “sell” rating in a research report on Sunday, July 14th. Five analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The company currently has an average rating of “Sell” and a consensus price target of $7.80.

NASDAQ WETF traded down $0.06 during mid-day trading on Tuesday, reaching $5.27. The stock had a trading volume of 10,053 shares, compared to its average volume of 1,257,950. Wisdom Tree Investments has a 1 year low of $4.56 and a 1 year high of $8.53. The stock has a market cap of $826.68 million, a PE ratio of 16.34, a price-to-earnings-growth ratio of 2.24 and a beta of 1.58. The company has a fifty day moving average price of $5.41 and a 200 day moving average price of $6.49. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.93 and a quick ratio of 1.78.

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

In related news, insider Jeremy Schwartz bought 10,000 shares of the business’s stock in a transaction on 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 purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 14.90% of the company’s stock.

Several hedge funds have recently modified their holdings of WETF. BlackRock Inc. grew its position in shares of Wisdom Tree Investments by 6.5% during the 2nd quarter. BlackRock Inc. now owns 18,096,723 shares of the asset manager’s stock valued at $111,658,000 after acquiring an additional 1,097,210 shares during the period. SG Americas Securities LLC grew its position in shares of Wisdom Tree Investments by 1,351.0% during the 2nd quarter. SG Americas Securities LLC now owns 714,279 shares of the asset manager’s stock valued at $4,407,000 after acquiring an additional 665,052 shares during the period. D. E. Shaw & Co. Inc. grew its position in shares of Wisdom Tree Investments by 3,473.0% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 632,750 shares of the asset manager’s stock valued at $3,904,000 after acquiring an additional 615,041 shares during the period. Nuveen Asset Management LLC bought a new stake in shares of Wisdom Tree Investments during the 2nd quarter valued at $3,047,000. Finally, Jacobs Asset Management LLC bought a new stake in shares of Wisdom Tree Investments during the 2nd quarter valued at $2,205,000. 73.08% of the stock is owned by hedge funds and other institutional investors.

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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