Wisdom Tree Investments (NASDAQ:WETF) Reaches New 52-Week Low at $4.56

Wisdom Tree Investments Inc (NASDAQ:WETF)’s share price reached a new 52-week low on Thursday . The company traded as low as $4.56 and last traded at $4.59, with a volume of 420539 shares trading hands. The stock had previously closed at $4.72.

A number of research firms have weighed in on WETF. BidaskClub upgraded Wisdom Tree Investments from a “sell” rating to a “hold” rating in a research note on Wednesday, September 18th. Morgan Stanley cut their price target on Wisdom Tree Investments from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Zacks Investment Research restated a “sell” rating on shares of Wisdom Tree Investments in a research note on Saturday, October 5th. Finally, ValuEngine upgraded Wisdom Tree Investments from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $7.60.

The firm has a fifty day simple moving average of $5.13 and a 200-day simple moving average of $6.20. The company has a market cap of $715.79 million, a PE ratio of 14.28, a price-to-earnings-growth ratio of 2.20 and a beta of 1.60. The company has a quick ratio of 1.78, a current ratio of 1.93 and a debt-to-equity ratio of 0.59.

Wisdom Tree Investments (NASDAQ:WETF) last issued its quarterly earnings data on Friday, July 26th. The asset manager reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $66.30 million for the quarter, compared to analysts’ expectations of $66.98 million. Wisdom Tree Investments had a return on equity of 11.09% and a net margin of 8.00%. The business’s revenue for the quarter was down 11.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 EPS. Equities research analysts forecast that Wisdom Tree Investments Inc will post 0.22 earnings per share for the current fiscal year.

In other news, insider Jeremy Schwartz acquired 10,000 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were bought at an average price of $4.73 per share, with a total value of $47,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 14.90% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Jacobs Asset Management LLC purchased a new position in shares of Wisdom Tree Investments during the second quarter worth about $2,205,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Wisdom Tree Investments by 13.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 19,574 shares of the asset manager’s stock worth $121,000 after buying an additional 2,260 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Wisdom Tree Investments during the second quarter worth about $1,055,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Wisdom Tree Investments by 18.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 915,229 shares of the asset manager’s stock worth $5,647,000 after buying an additional 142,842 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Wisdom Tree Investments by 166.3% during the second quarter. Bank of Montreal Can now owns 19,179 shares of the asset manager’s stock worth $117,000 after buying an additional 11,976 shares during the last quarter. 72.97% of the stock is currently owned by institutional investors.

About Wisdom Tree Investments (NASDAQ:WETF)

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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