The stock of WisdomTree Investments, Inc. (NASDAQ:WETF) is a huge mover today! About 897,475 shares traded hands. WisdomTree Investments, Inc. (NASDAQ:WETF) has declined 24.61% since March 11, 2016 and is downtrending. It has underperformed by 30.07% the S&P500.
The move comes after 7 months negative chart setup for the $1.26B company. It was reported on Oct, 14 by Barchart.com. We have $8.70 PT which if reached, will make NASDAQ:WETF worth $100.80M less.
Analysts await WisdomTree Investments, Inc. (NASDAQ:WETF) to report earnings on November, 4. They expect $0.06 earnings per share, down 64.71% or $0.11 from last year’s $0.17 per share. WETF’s profit will be $8.00 million for 39.38 P/E if the $0.06 EPS becomes a reality. After $0.03 actual earnings per share reported by WisdomTree Investments, Inc. for the previous quarter, Wall Street now forecasts 100.00% EPS growth.
WisdomTree Investments, Inc. (NASDAQ:WETF) Ratings Coverage
Out of 9 analysts covering WisdomTree Investments (NASDAQ:WETF), 2 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 22% are positive. WisdomTree Investments has been the topic of 23 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Friday, August 21 by Vetr. Northcoast initiated the stock with “Neutral” rating in Friday, January 29 report. On Tuesday, June 28 the stock rating was downgraded by Bank of America to “Neutral”. Citigroup downgraded the shares of WETF in a report on Wednesday, August 26 to “Sell” rating. The firm has “Market Perform” rating by Northland Capital given on Wednesday, June 1. Zacks upgraded it to “Hold” rating and $29 target price in Thursday, August 6 report. The rating was downgraded by Keefe Bruyette & Woods on Monday, February 8 to “Outperform”. The firm has “Sell” rating given on Monday, January 11 by Goldman Sachs. The stock of WisdomTree Investments, Inc. (NASDAQ:WETF) has “Equal-Weight” rating given on Monday, September 21 by Morgan Stanley. Wood maintained WisdomTree Investments, Inc. (NASDAQ:WETF) rating on Thursday, September 3. Wood has “Market Perform” rating and $18 price target.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 0.95 in Q2 2016. Its down 0.07, from 1.02 in 2016Q1. The ratio is negative, as 42 funds sold all WisdomTree Investments, Inc. shares owned while 63 reduced positions. 18 funds bought stakes while 82 increased positions. They now own 135.96 million shares or 4.77% more from 129.77 million shares in 2016Q1.
Guinness Asset Mgmt owns 201,200 shares or 0.54% of their US portfolio. Profund Limited Liability holds 0.01% or 16,412 shares in its portfolio. Ameriprise Fin last reported 289,396 shares in the company. Guggenheim Capital Limited Co reported 1.24M shares or 0.04% of all its holdings. Ls Advsrs Ltd Liability Corporation accumulated 0% or 6,827 shares. Natl Bank Of America Corporation De has invested 0% of its portfolio in WisdomTree Investments, Inc. (NASDAQ:WETF). Macquarie Grp Inc has invested 0.06% of its portfolio in WisdomTree Investments, Inc. (NASDAQ:WETF). Edge Asset, a Washington-based fund reported 394,600 shares. Sei last reported 0.06% of its portfolio in the stock. The New York-based Sg Americas Secs Limited Liability Company has invested 0.02% in WisdomTree Investments, Inc. (NASDAQ:WETF). Voya Inv Mngmt Lc has invested 0% of its portfolio in WisdomTree Investments, Inc. (NASDAQ:WETF). Arizona State Retirement System has 50,447 shares for 0.01% of their US portfolio. Comml Bank Of New York Mellon holds 0% of its portfolio in WisdomTree Investments, Inc. (NASDAQ:WETF) for 1.20M shares. Icon Advisers holds 0.03% or 38,700 shares in its portfolio. Gotham Asset Management Lc holds 0% or 15,197 shares in its portfolio.
Insider Transactions: Since August 2, 2016, the stock had 3 insider purchases, and 0 insider sales for $4.06 million net activity. $495,000 worth of WisdomTree Investments, Inc. (NASDAQ:WETF) was bought by Bossone Anthony. On Friday, August 19 the insider Steinberg Jonathan L bought $2.54 million.
More news for WisdomTree Investments, Inc. (NASDAQ:WETF) were recently published by: Fool.com, which released: “Why WisdomTree Investments, Inc. Dropped on Friday” on August 01, 2016. Marketwatch.com‘s article titled: “WisdomTree Investments, Inc. Opens the Market” and published on July 19, 2016 is yet another important article.
WETF Company Profile
WisdomTree Investments, Inc., incorporated on September 19, 1985, is an asset management firm that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes fundamentally weighted funds that track its own indexes, funds that track third party indexes and actively managed funds. The Firm operates through exchange traded products (ETP) sponsor and asset manager providing investment advisory services segment.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.