WisdomTree Investments (NASDAQ: WETF) Hits New 1-Year Low Following Analyst Downgrade

WisdomTree Investments, Inc. (NASDAQ: WETF – Get Rating) ‘s stock price hit a new 52-week low during mid-day trading on Wednesday after Morgan Stanley lowered their price target on the stock from $ 6.75 to $ 6.00. Morgan Stanley currently has an equal weight rating on the stock. WisdomTree Investments traded as low as $ 5.06 and last traded at $ 5.11, with a volume of 14859 shares changing hands. The stock had closed yesterday at $ 5.42.

WETF has a number of other research reports on the topic. StockNews.com lowered shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Friday, May 20th. Deutsche Bank Aktiengesellschaft cut their target price on shares of WisdomTree Investments from $ 7.00 to $ 6.00 in a research report on Thursday, April 7th. The Goldman Sachs Group lowered their price target on WisdomTree Investments from $ 5.00 to $ 4.50 and set a “sell” rating on the stock in a report on Wednesday. Finally, Keefe, Bruyette & Woods lowered WisdomTree Investments from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $ 7.25 to $ 6.00 in a report on Tuesday. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $ 5.63.

A number of hedge funds have recently made changes to their positions in the business. Astoria Portfolio Advisors LLC. WisdomTree Investments raised its position in 16.7% in the first quarter. Astoria Portfolio Advisors LLC. now owns 17,500 shares of the asset manager’s stock worth $ 103,000 after acquiring an additional 2,500 shares during the period. Walleye Capital LLC bought a new position in WisdomTree Investments in the 1st quarter worth $ 64,000. Toroso Investments LLC lifted its position in WisdomTree Investments by 11.4% during the first quarter. Toroso Investments LLC now owns 2,802,657 shares of the asset manager’s stock valued at $ 16,452,000 after purchasing an additional 285,700 shares in the last quarter. GABELLI & CO. INVESTMENT ADVISERS INC. bought a new stake in WisdomTree Investments during the first quarter valued at about $ 583,000. Finally, Virtu Financial LLC purchased a new stake in WisdomTree Investments in the first quarter worth about $ 72,000. 82.02% of the stock is owned by institutional investors and hedge funds.

The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.28 and a current ratio of 4.28. The stock has a market capitalization of $ 742.85 million, a PE ratio of 36.21 and a beta of 1.58. The stock has a 50-day moving average price of $ 5.65 and a two-hundred-day moving average price of $ 8.72.

WisdomTree Investments (NASDAQ: WETF – Get Rating) last posted its quarterly earnings results on Friday, April 29th. The asset manager reported $ 0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $ 0.08 by $ 0.01. WisdomTree Investments had a net margin of 7.79% and a return on equity of 24.16%. The business had revenue of $ 78.40 million during the quarter, compared to analyst estimates of $ 78.74 million. During the same period in the prior year, the business posted $ 0.08 earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. As a group, equities analysts predict that WisdomTree Investments, Inc. will post 0.35 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 25th. Shareholders of record on Wednesday, May 11th were paid a $ 0.03 dividend. This represents a $ 0.12 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Tuesday, May 10th. WisdomTree Investments’ payout ratio is 85.71%.

WisdomTree Investments Company Profile (NASDAQ: WETF)

WisdomTree Investments, Inc., through its subsidiaries, operates as an exchange-traded fund (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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