WisdomTree Investments (NASDAQ: WETF) was downgraded by equities research analysts at Goldman Sachs from a “conviction-buy” rating to a “buy” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Piper Jaffray reiterated an “overweight” rating on shares of WisdomTree Investments in a research note to investors on Tuesday. They now have a $11.50 price target on the stock, up previously from $9.50. Analysts at Citigroup reiterated a “buy” rating on shares of WisdomTree Investments in a research note to investors on Monday, December 31st.
One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. WisdomTree Investments currently has an average rating of “Buy” and an average price target of $9.75.
Shares of WisdomTree Investments (NASDAQ: WETF) opened at 10.82 on Thursday. WisdomTree Investments has a 52 week low of $1.75 and a 52 week high of $8.50. The stock’s 50-day moving average is currently $6.63. The company has a market cap of $1.355 billion and a P/E ratio of 135.25.
WisdomTree Investments (NASDAQ: WETF) last issued its quarterly earnings data on Friday, February 1st. The company reported $0.04 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.04. The company had revenue of $23.60 million for the quarter, compared to the consensus estimate of $23.45 million. WisdomTree Investments’s revenue was up 45.7% compared to the same quarter last year. Analysts expect that WisdomTree Investments will post $0.33 EPS for the current fiscal year.
WisdomTree Investments, Inc. is an asset management company that focuses on exchange-traded funds (NASDAQ: WETF).
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