WisdomTree Investments, Inc. (WETF) Rating Lowered to Sell at Zacks Investment Research

WisdomTree Investments, Inc. (NASDAQ:WETF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

According to Zacks, “INDIVIDUAL INVESTOR GROUP INC. is an information services company that publishes and markets Individual Investor magazine and Individual Investor’s Special Situations Report. In addition, the Company, through wholly owned subsidiaries, is the investment manager of private investment funds. “

A number of other research firms have also recently commented on WETF. Deutsche Bank AG initiated coverage on shares of WisdomTree Investments in a research report on Tuesday, October 17th. They issued a “buy” rating and a $13.00 target price on the stock. ValuEngine raised shares of WisdomTree Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub cut shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Northland Securities reaffirmed a “hold” rating and issued a $12.00 target price on shares of WisdomTree Investments in a research report on Sunday. Finally, Keefe, Bruyette & Woods reaffirmed a “sell” rating and issued a $9.25 target price on shares of WisdomTree Investments in a research report on Thursday, September 21st. Six analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $11.20.

WisdomTree Investments (NASDAQ:WETF) last posted its earnings results on Friday, October 27th. The asset manager reported $0.06 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.06. WisdomTree Investments had a net margin of 12.98% and a return on equity of 15.47%. The company had revenue of $57.99 million for the quarter, compared to analysts’ expectations of $57.89 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. WisdomTree Investments’s revenue for the quarter was up 12.0% compared to the same quarter last year.

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In other news, Director Bruce I. Lavine sold 19,849 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $9.95, for a total transaction of $197,497.55. The sale was disclosed in a legal filing with the SEC, which is available at this link. 16.10% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of WisdomTree Investments by 25,214.1% during the first quarter. BlackRock Inc. now owns 13,399,791 shares of the asset manager’s stock worth $121,669,000 after purchasing an additional 13,346,857 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of WisdomTree Investments by 3.2% during the second quarter. Vanguard Group Inc. now owns 10,709,512 shares of the asset manager’s stock worth $108,916,000 after purchasing an additional 327,661 shares in the last quarter. TimesSquare Capital Management LLC lifted its position in shares of WisdomTree Investments by 7.5% during the second quarter. TimesSquare Capital Management LLC now owns 7,936,900 shares of the asset manager’s stock worth $80,718,000 after purchasing an additional 553,400 shares in the last quarter. Capital World Investors lifted its position in shares of WisdomTree Investments by 123.0% during the second quarter. Capital World Investors now owns 6,800,000 shares of the asset manager’s stock worth $69,156,000 after purchasing an additional 3,750,000 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in shares of WisdomTree Investments during the second quarter worth about $46,241,000. 92.46% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for WisdomTree Investments (NASDAQ:WETF)

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