StockNews.com Lowers WisdomTree Investments (NASDAQ:WETF) to Sell

StockNews.com cut shares of WisdomTree Investments (NASDAQ:WETFGet Rating) from a hold rating to a sell rating in a report published on Friday.

A number of other analysts have also weighed in on WETF. Deutsche Bank Aktiengesellschaft lowered their price target on shares of WisdomTree Investments from $7.00 to $6.00 in a report on Thursday, April 7th. Morgan Stanley decreased their target price on shares of WisdomTree Investments from $7.00 to $6.75 in a research note on Friday, April 8th. Finally, Zacks Investment Research lowered shares of WisdomTree Investments from a hold rating to a sell rating in a research note on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $10.44.

Shares of NASDAQ:WETF opened at $5.61 on Friday. The stock has a market capitalization of $822.20 million, a PE ratio of 40.07 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. The firm has a fifty day moving average price of $6.62 and a 200 day moving average price of $10.16. WisdomTree Investments has a 1 year low of $5.08 and a 1 year high of $7.38.

WisdomTree Investments (NASDAQ:WETFGet Rating) last announced its quarterly earnings data on Friday, April 29th. The asset manager reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $78.40 million during the quarter, compared to the consensus estimate of $78.74 million. WisdomTree Investments had a return on equity of 24.16% and a net margin of 7.79%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the company earned $0.08 EPS. On average, sell-side analysts forecast that WisdomTree Investments will post 0.37 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 25th. Investors of record on Wednesday, May 11th will be given a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, May 10th. This represents a $0.12 dividend on an annualized basis and a yield of 2.14%. WisdomTree Investments’s payout ratio is 85.71%.

Hedge funds have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC purchased a new stake in WisdomTree Investments in the first quarter worth about $38,000. Walleye Capital LLC bought a new position in WisdomTree Investments in the 1st quarter worth about $64,000. Janus Henderson Group PLC purchased a new stake in WisdomTree Investments during the 3rd quarter valued at about $65,000. Wolverine Trading LLC purchased a new stake in WisdomTree Investments during the 3rd quarter valued at about $67,000. Finally, Virtu Financial LLC bought a new stake in WisdomTree Investments during the 1st quarter valued at about $72,000. Institutional investors own 82.02% of the company’s stock.

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.

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