Zacks Investment Research Downgrades WisdomTree Investments (NASDAQ:WETF) to Sell

WisdomTree Investments (NASDAQ:WETFGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Friday, 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 analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of WisdomTree Investments from $7.00 to $6.00 in a research report on Thursday, April 7th. Morgan Stanley lowered their price target on WisdomTree Investments from $7.00 to $6.75 in a report on Friday, April 8th. Finally, StockNews.com cut WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Friday, May 20th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $10.44.

Shares of NASDAQ:WETF opened at $5.91 on Friday. WisdomTree Investments has a 52 week low of $5.08 and a 52 week high of $7.38. The company’s 50 day moving average is $6.22 and its two-hundred day moving average is $9.99. The company has a market cap of $866.17 million, a PE ratio of 42.21 and a beta of 1.59. The company has a current ratio of 4.28, a quick ratio of 2.28 and a debt-to-equity ratio of 1.26.

WisdomTree Investments (NASDAQ:WETFGet Rating) last posted its 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. WisdomTree Investments had a return on equity of 24.16% and a net margin of 7.79%. The firm had revenue of $78.40 million for the quarter, compared to analyst estimates of $78.74 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. WisdomTree Investments’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, equities research analysts expect that WisdomTree Investments will post 0.37 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of WisdomTree Investments during the first quarter valued at $38,000. Walleye Capital LLC acquired a new stake in shares of WisdomTree Investments during the 1st quarter worth about $64,000. Janus Henderson Group PLC purchased a new stake in shares of WisdomTree Investments during the third quarter worth about $65,000. Wolverine Trading LLC acquired a new position in shares of WisdomTree Investments in the third quarter valued at approximately $67,000. Finally, Virtu Financial LLC purchased a new position in shares of WisdomTree Investments during the first quarter valued at approximately $72,000. 82.02% of the stock is 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.

Featured Articles

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.