Analysts Set Wealthfront (NASDAQ:WLTH) Price Target at $11.50

Shares of Wealthfront (NASDAQ:WLTHGet Free Report) have been assigned an average rating of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $12.6667.

A number of equities research analysts have recently issued reports on WLTH shares. Keefe, Bruyette & Woods restated a “market perform” rating and set a $9.50 price target (down from $13.50) on shares of Wealthfront in a report on Thursday. Weiss Ratings initiated coverage on shares of Wealthfront in a research report on Wednesday. They set a “sell (d)” rating on the stock. Wall Street Zen raised shares of Wealthfront from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Citizens Jmp initiated coverage on Wealthfront in a report on Tuesday, January 6th. They issued an “outperform” rating and a $20.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their target price on Wealthfront from $16.00 to $10.00 and set an “overweight” rating for the company in a research report on Thursday.

Get Our Latest Analysis on Wealthfront

Wealthfront Stock Down 0.3%

Wealthfront stock opened at $7.86 on Thursday. Wealthfront has a 52-week low of $7.20 and a 52-week high of $14.88. The firm’s 50-day moving average price is $8.59.

Wealthfront (NASDAQ:WLTHGet Free Report) last issued its quarterly earnings results on Wednesday, March 11th. The company reported ($1.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.24) by ($0.07). The company had revenue of $96.14 million during the quarter, compared to analysts’ expectations of $91.95 million.

Hedge Funds Weigh In On Wealthfront

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

Key Stories Impacting Wealthfront

Here are the key news stories impacting Wealthfront this week:

About Wealthfront

(Get Free Report)

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.

See Also

Analyst Recommendations for Wealthfront (NASDAQ:WLTH)

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