WisdomTree Investments (NASDAQ:WETF) Lowered to Sell at StockNews.com

StockNews.com lowered shares of WisdomTree Investments (NASDAQ:WETFGet Rating) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

Several other research firms have also commented on WETF. Deutsche Bank Aktiengesellschaft lowered their price target on shares of WisdomTree Investments from $7.00 to $6.00 in a research report on Thursday, April 7th. Zacks Investment Research lowered shares of WisdomTree Investments from a buy rating to a hold rating in a research report on Friday, March 11th. Finally, Morgan Stanley decreased their target price on shares of WisdomTree Investments from $7.00 to $6.75 in a research report on Friday, April 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Hold and an average price target of $10.44.

WETF stock opened at $5.87 on Wednesday. The company’s 50 day simple moving average is $7.87 and its 200-day simple moving average is $10.75. The firm has a market capitalization of $860.46 million, a PE ratio of 41.93 and a beta of 1.59. WisdomTree Investments has a 12 month low of $5.08 and a 12 month high of $7.38. The company has a debt-to-equity ratio of 1.26, a current ratio of 4.28 and a quick ratio of 2.28.

WisdomTree Investments (NASDAQ:WETFGet Rating) last released its quarterly earnings results on Friday, April 29th. The asset manager reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $78.40 million for the quarter, compared to analyst estimates of $78.74 million. WisdomTree Investments had a net margin of 7.79% and a return on equity of 24.16%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.08 earnings per share. As a group, sell-side analysts anticipate that WisdomTree Investments will post 0.39 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 25th. Shareholders of record on Wednesday, May 11th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Tuesday, May 10th. WisdomTree Investments’s dividend payout ratio is currently 85.71%.

In other WisdomTree Investments news, CEO Jonathan L. Steinberg sold 153,913 shares of the stock in a transaction that occurred on Tuesday, February 15th. The shares were sold at an average price of $5.87, for a total transaction of $903,469.31. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 8.00% of the company’s stock.

A number of large investors have recently bought and sold shares of WETF. First Trust Advisors LP raised its stake in WisdomTree Investments by 24.8% during the first quarter. First Trust Advisors LP now owns 64,753 shares of the asset manager’s stock worth $457,000 after purchasing an additional 12,862 shares during the period. Wells Fargo & Company MN raised its stake in shares of WisdomTree Investments by 9.1% in the 2nd quarter. Wells Fargo & Company MN now owns 181,390 shares of the asset manager’s stock valued at $1,124,000 after acquiring an additional 15,160 shares during the period. Morgan Stanley raised its stake in shares of WisdomTree Investments by 51.6% in the 2nd quarter. Morgan Stanley now owns 1,700,384 shares of the asset manager’s stock valued at $10,542,000 after acquiring an additional 578,514 shares during the period. SG Americas Securities LLC grew its holdings in WisdomTree Investments by 451.8% during the 3rd quarter. SG Americas Securities LLC now owns 88,168 shares of the asset manager’s stock worth $500,000 after acquiring an additional 72,190 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in WisdomTree Investments by 169.2% during the 3rd quarter. Victory Capital Management Inc. now owns 41,238 shares of the asset manager’s stock worth $234,000 after acquiring an additional 25,917 shares in the last quarter. 82.02% of the stock is currently owned by institutional investors.

WisdomTree Investments Company Profile (Get Rating)

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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