WisdomTree Investments (NASDAQ: WETF)‘s stock had its “overweight” rating reiterated by investment analysts at Piper Jaffray in a note issued to investors on Tuesday. They currently have a $11.50 target price on the stock, up from their previous target price of $9.50.
The analysts wrote, “WETF has clearly enjoyed a strong start to 2013 with YTD net inflows of $5.2B exceeding full-year 2012 inflows of $4.7B. This has been primarily driven by strength of its Japan Hedged Equity Fund (DXJ), which has ~$3.5B of net inflows YTD. We are marking our model to market to reflect YTD performance, and raising our 2013E ending AUM to $27.5B from $25.8B. Based on a conservative avg fee of 53 bps (54 bps avg YTD), we are raising our 2013E revenue to $133.3M from $121.3M.”
Shares of WisdomTree Investments (NASDAQ: WETF) traded down 0.72% during mid-day trading on Tuesday, hitting $10.375. 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 $1.300 billion and a P/E ratio of 130.62.
WisdomTree Investments (NASDAQ: WETF) last announced its earnings results 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. The company’s quarterly revenue was up 45.7% on a year-over-year basis. On average, analysts predict that WisdomTree Investments will post $0.32 earnings per share for the current fiscal year.
Separately, 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 issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $9.50.
WisdomTree Investments, Inc. is an asset management company that focuses on exchange-traded funds (NASDAQ: WETF).
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