Wealthfront (NASDAQ:WLTH) Raised to Hold at Wall Street Zen

Wealthfront (NASDAQ:WLTH) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Friday.

WLTH has been the topic of several other research reports. Wells Fargo & Company reduced their price objective on shares of Wealthfront from $16.50 to $15.50 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. The Goldman Sachs Group set a $12.00 target price on Wealthfront in a report on Tuesday. Finally, Zacks Research upgraded Wealthfront to a “hold” rating in a report on Thursday, January 15th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Wealthfront presently has an average rating of “Moderate Buy” and a consensus price target of $13.75.

Wealthfront Price Performance

Shares of Wealthfront stock opened at $9.20 on Friday. Wealthfront has a 12 month low of $8.56 and a 12 month high of $14.88.

Wealthfront (NASDAQ:WLTH) last issued its earnings results on Monday, January 12th. The company reported $0.21 earnings per share (EPS) for the quarter. The company had revenue of $93.22 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Wealthfront stock. Realta Investment Advisors bought a new stake in Wealthfront (NASDAQ:WLTH) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 14,300 shares of the company’s stock, valued at approximately $194,000.

Wealthfront Company Profile

Wealthfront (NASDAQ:WLTH) is a technology-driven wealth management firm that provides automated investment services to individual investors. Operating as a robo-advisor, the company uses algorithms and software to construct and manage diversified portfolios largely composed of low-cost exchange-traded funds (ETFs). Its platform is geared toward long-term, goal-based investing with an emphasis on passive strategies, automated rebalancing and straightforward user experience delivered through web and mobile applications.

The company’s product suite includes automated portfolio management, tax-loss harvesting and goal-planning tools that help clients set and track financial objectives.