WisdomTree Investments (NASDAQ:WETF) announced its earnings results on Friday. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09, StockRatingsNetwork.com reports. 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.
WETF has been the subject of a number of recent research reports. Analysts at Sidoti upgraded shares of WisdomTree Investments from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, June 25th. On the ratings front, analysts at Citigroup Inc. downgraded shares of WisdomTree Investments from a “buy” rating to a “neutral” rating in a research note to investors on Monday, June 17th. They now have a $13.50 price target on the stock. Finally, analysts at Sterne Agee raised their price target on shares of WisdomTree Investments to $16.00 in a research note to investors on Wednesday, May 22nd. They now have a “buy” rating on the stock.
Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $13.25.
WisdomTree Investments (NASDAQ: WETF) opened at 13.69 on Monday. WisdomTree Investments has a 52-week low of $5.71 and a 52-week high of $11.72. The stock’s 50-day moving average is currently $10.6. The company has a market cap of $1.725 billion and a price-to-earnings ratio of 65.19.
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (NASDAQ: WETF).
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