Wealthfront (NASDAQ:WLTH) Price Target Cut to $14.00 by Analysts at Royal Bank Of Canada

Wealthfront (NASDAQ:WLTH) had its price objective decreased by Royal Bank Of Canada from $17.00 to $14.00 in a research report report published on Monday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other research analysts have also recently weighed in on WLTH. The Goldman Sachs Group set a $12.00 price objective on Wealthfront in a research report on Tuesday, January 20th. Zacks Research raised shares of Wealthfront to a “hold” rating in a research report on Thursday, January 15th. Wells Fargo & Company decreased their price target on shares of Wealthfront from $15.50 to $12.50 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. Finally, Wall Street Zen raised shares of Wealthfront from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.00.

Wealthfront Stock Performance

Wealthfront stock opened at $8.62 on Monday. Wealthfront has a fifty-two week low of $7.20 and a fifty-two week 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 firm had revenue of $93.22 million during the quarter.

Institutional Trading of Wealthfront

Several institutional investors and hedge funds have recently modified their holdings of the business. Sandia Investment Management LP bought a new position in Wealthfront in the fourth quarter valued at about $44,000. Barclays PLC acquired a new position in Wealthfront during the fourth quarter worth about $136,000. Symmetry Investments LP bought a new position in shares of Wealthfront in the fourth quarter worth about $190,000. Realta Investment Advisors bought a new position in shares of Wealthfront in the fourth quarter worth about $194,000. Finally, Hudson Bay Capital Management LP acquired a new stake in shares of Wealthfront in the 4th quarter valued at approximately $245,000.

About Wealthfront

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.