WisdomTree Investments (NASDAQ:WETF) Upgraded by Zacks Investment Research to Hold

WisdomTree Investments (NASDAQ:WETFGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday, 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. “

Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of WisdomTree Investments from $7.00 to $6.00 in a report on Thursday, April 7th. StockNews.com lowered shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Friday. Finally, Morgan Stanley lowered their price target on shares of WisdomTree Investments from $7.00 to $6.75 in a report on Friday, April 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $10.44.

Shares of WETF opened at $5.61 on Friday. The firm has a market cap of $822.20 million, a price-to-earnings ratio of 40.07 and a beta of 1.59. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.28 and a current ratio of 4.28. WisdomTree Investments has a fifty-two week low of $5.08 and a fifty-two week high of $7.38. The firm has a 50 day moving average price of $6.62 and a 200-day moving average price of $10.20.

WisdomTree Investments (NASDAQ:WETFGet Rating) last announced its quarterly earnings data on Friday, April 29th. The asset manager reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $78.40 million during 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 business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.08 EPS. As a group, equities research analysts predict that WisdomTree Investments will post 0.37 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the business. Toroso Investments LLC increased its position in WisdomTree Investments by 11.4% during the 1st quarter. Toroso Investments LLC now owns 2,802,657 shares of the asset manager’s stock valued at $16,452,000 after purchasing an additional 285,700 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in WisdomTree Investments during the 1st quarter valued at $583,000. Walleye Capital LLC purchased a new position in WisdomTree Investments during the 1st quarter valued at $64,000. Virtu Financial LLC purchased a new position in WisdomTree Investments during the 1st quarter valued at $72,000. Finally, Phase 2 Partners LLC purchased a new position in WisdomTree Investments during the 1st quarter valued at $4,792,000. 82.02% of the stock is currently owned by institutional investors and hedge funds.

About WisdomTree Investments (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.

Recommended Stories

Get a free copy of the Zacks research report on WisdomTree Investments (WETF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for WisdomTree Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WisdomTree Investments and related companies with MarketBeat.com's FREE daily email newsletter.