Media stories about WisdomTree Investments (NASDAQ:WETF) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. WisdomTree Investments earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned media coverage about the asset manager an impact score of 45.457624719519 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- WisdomTree Investments, Inc. (WETF) Rating Reiterated by Jefferies Group LLC (americanbankingnews.com)
- WisdomTree Investments, Inc. (WETF) -4.16% away from 20 SMA – Voice Of Analysts (analystsbuzz.com)
- Choosing Between WisdomTree Investments, Inc. (WETF) and T. Rowe Price Group, Inc. (TROW)? – Economic News (economicsandmoney.com)
- Captivating Stocks-:- Foot Locker, Inc. (NYSE:FL), WisdomTree Investments, Inc. (NASDAQ:WETF), Sally Beauty … – Market Breaking Point (press release) (journalfinance.net)
- Shares of WisdomTree Investments, Inc. (WETF) are value at $8.84 – Wall Street Morning (wallstreetmorning.com)
Shares of WisdomTree Investments (NASDAQ WETF) traded up 2.47% on Monday, hitting $9.11. The stock had a trading volume of 713,936 shares. WisdomTree Investments has a 52-week low of $7.87 and a 52-week high of $13.32. The firm’s 50-day moving average price is $9.49 and its 200 day moving average price is $9.39. The firm has a market cap of $1.23 billion, a PE ratio of 41.41 and a beta of 3.14.
WisdomTree Investments (NASDAQ:WETF) last posted its earnings results on Friday, July 28th. The asset manager reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02. WisdomTree Investments had a return on equity of 15.41% and a net margin of 13.33%. The business had revenue of $63.40 million during the quarter, compared to the consensus estimate of $57.27 million. During the same period in the previous year, the business earned $0.07 EPS. The business’s quarterly revenue was up 13.2% on a year-over-year basis. On average, equities research analysts predict that WisdomTree Investments will post $0.24 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 3.51%. The ex-dividend date was Monday, August 7th. WisdomTree Investments’s payout ratio is currently 145.46%.
WETF has been the subject of a number of research analyst reports. Citigroup Inc. upgraded WisdomTree Investments from a “neutral” rating to a “buy” rating and set a $10.50 price target for the company in a research note on Monday, May 15th. BidaskClub upgraded WisdomTree Investments from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Jefferies Group LLC reiterated a “buy” rating and issued a $14.00 price target on shares of WisdomTree Investments in a research note on Wednesday, June 28th. Zacks Investment Research cut WisdomTree Investments from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Finally, ValuEngine cut WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. WisdomTree Investments presently has a consensus rating of “Hold” and a consensus price target of $10.11.
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In other news, Director Bruce I. Lavine sold 19,849 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $9.95, for a total value of $197,497.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.60% of the stock is currently owned by insiders.
About WisdomTree Investments
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes funds that track its own indexes, funds that track third party indexes and actively managed funds. It operates as an exchange traded products sponsor and asset manager providing investment advisory services in the United States, Europe, Canada and Japan.
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