Wealthfront (NASDAQ:WLTH) Given New $13.50 Price Target at Keefe, Bruyette & Woods

Wealthfront (NASDAQ:WLTH) had its target price lowered by Keefe, Bruyette & Woods from $16.50 to $13.50 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

WLTH has been the topic of several other reports. Wall Street Zen upgraded Wealthfront from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Royal Bank Of Canada cut their price objective on shares of Wealthfront from $17.00 to $14.00 and set an “outperform” rating for the company in a research report on Monday. The Goldman Sachs Group set a $12.00 price objective on shares of Wealthfront in a research note on Tuesday, January 20th. Wells Fargo & Company decreased their target price on shares of Wealthfront from $15.50 to $12.50 and set an “overweight” rating on the stock in a report on Thursday, March 5th. Finally, Zacks Research upgraded shares of Wealthfront to a “hold” rating in a research note on Thursday, January 15th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.00.

Wealthfront Trading Up 1.5%

Shares of NASDAQ WLTH 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 quarterly earnings data 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.

Hedge Funds Weigh In On Wealthfront

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

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.