WisdomTree Investments (NASDAQ:WETF) was downgraded by investment analysts at Merrill Lynch from a “buy” rating to a “neutral” rating in a note issued to investors on Wednesday, Stock Ratings Network reports.
WisdomTree Investments (NASDAQ:WETF) traded up 0.92% on Wednesday, hitting $13.23. The stock had a trading volume of 1,217,730 shares. WisdomTree Investments has a 1-year low of $5.71 and a 1-year high of $11.72. The stock’s 50-day moving average is $12.48 and its 200-day moving average is $11.40. The company has a market cap of $1.667 billion and a P/E ratio of 62.43.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings results on Friday, July 26th. The company reported $0.09 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.09. The company had revenue of $37.30 million for the quarter, compared to the consensus estimate of $37.27 million. WisdomTree Investments’s revenue was up 82.8% compared to the same quarter last year. On average, analysts predict that WisdomTree Investments will post $0.34 earnings per share for the current fiscal year.
WETF has been the subject of a number of other recent research reports. Analysts at Bank of America Corp. downgraded shares of WisdomTree Investments from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $14.00 price target on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of WisdomTree Investments in a research note to investors on Wednesday, October 9th. They set a “buy” rating and a $15.00 price target on the stock. Finally, analysts at Susquehanna reiterated a “neutral” rating on shares of WisdomTree Investments in a research note to investors on Wednesday, October 9th. They now have a $12.00 price target on the stock, down previously from $13.00. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $14.14.
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (NASDAQ:WETF).
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