WisdomTree Investments, Inc. (NASDAQ:WETF) – Investment analysts at Jefferies Financial Group boosted their Q4 2020 earnings per share estimates for shares of WisdomTree Investments in a report released on Monday, January 11th. Jefferies Financial Group analyst D. Fannon now expects that the asset manager will post earnings per share of $0.06 for the quarter, up from their prior estimate of $0.05. Jefferies Financial Group also issued estimates for WisdomTree Investments’ Q1 2021 earnings at $0.06 EPS, Q2 2021 earnings at $0.07 EPS, Q3 2021 earnings at $0.08 EPS, Q4 2021 earnings at $0.08 EPS, FY2021 earnings at $0.29 EPS, Q1 2022 earnings at $0.07 EPS, Q2 2022 earnings at $0.08 EPS, Q3 2022 earnings at $0.08 EPS, Q4 2022 earnings at $0.08 EPS and FY2022 earnings at $0.30 EPS.
A number of other brokerages have also recently commented on WETF. Zacks Investment Research upgraded WisdomTree Investments from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a research report on Saturday, December 19th. Morgan Stanley cut WisdomTree Investments from an “equal weight” rating to an “underweight” rating in a research report on Monday. BidaskClub upgraded WisdomTree Investments from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 23rd. Finally, Northland Securities raised their price target on WisdomTree Investments from $4.25 to $6.00 in a research report on Tuesday, December 29th. Three research analysts have rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $4.13.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings data on Friday, October 30th. The asset manager reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. The firm had revenue of $64.90 million for the quarter, compared to analysts’ expectations of $63.28 million. WisdomTree Investments had a positive return on equity of 12.32% and a negative net margin of 5.21%. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.06 EPS.
Large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in shares of WisdomTree Investments during the third quarter valued at about $43,000. Paloma Partners Management Co acquired a new stake in shares of WisdomTree Investments during the third quarter valued at about $184,000. Levin Capital Strategies L.P. boosted its stake in shares of WisdomTree Investments by 44.4% during the third quarter. Levin Capital Strategies L.P. now owns 97,500 shares of the asset manager’s stock valued at $312,000 after purchasing an additional 30,000 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its stake in shares of WisdomTree Investments by 459.7% during the third quarter. Schonfeld Strategic Advisors LLC now owns 423,100 shares of the asset manager’s stock valued at $1,354,000 after purchasing an additional 347,500 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of WisdomTree Investments by 658.0% during the third quarter. Cubist Systematic Strategies LLC now owns 110,631 shares of the asset manager’s stock valued at $354,000 after purchasing an additional 96,036 shares in the last quarter. 71.02% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Frank Salerno sold 5,568 shares of the firm’s stock in a transaction dated Wednesday, December 2nd. The stock was sold at an average price of $4.50, for a total value of $25,056.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 8.10% of the company’s stock.
About WisdomTree Investments
WisdomTree Investments, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.
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