Following findings presented in a research report distributed on Tuesday, the target price Goldman Sachs Group assigned to WisdomTree Investments (NASDAQ: WETF) was raised from $4.00 to $4.50. There is currently a recommendation to “sell” the shares of the wealth manager which can be viewed on the company’s website. Goldman Sachs Group has set a price target for the stock that calls for a decline of 17.13% from its most recent closing price. This target was set for the stock.
There have been many occasions where additional reports regarding the WETF have been written. In a research note published on July 13, Deutsche Bank Aktiengesellschaft lowered both the “holding” rating it previously assigned to WisdomTree Investments and the target price of $6.00. The new rates and prices are both $5.00. In research published Monday, Oct. 3, Morgan Stanley categorized the stock as “equal weight” and cut its target price on WisdomTree Investments shares from $6.00 to $5.75. Additionally, the price target has been decreased by $0.25. The target price had been set at $6.00 in the past.
Last but not least, on Wednesday, October 12, StockNews.com began reporting on shares of WisdomTree Investments. They recommended that shareholders “keep” their shares in the company. One of the analysts recommended selling the stock, while the other four suggested investors continue to hold the stock. The “Hold” recommendation is currently the most popular choice for WisdomTree Investments, and the company’s average price target is currently set at $5.31 per share. Bloomberg is the source of this information.
On Tuesday, NASDAQ:WETF traded for the first time at $5.43. In the past year, a share of WisdomTree Investments ranged from $4.60 to $6.92, with a low point of $4.60 and a high point of $6.92. The company has a price-to-earnings ratio of 10.06 and a beta value of 1.44, and its market capitalization is currently $795.98 million. According to the results of the calculation, the debt ratio is 0.44, the quick ratio is 0.65, and the current ratio is 1.14. Over the past 50 days, company prices have averaged $4.99; in the past 200 days, these prices have risen to $5.32.
On Friday, July 29, WisdomTree Investments (NASDAQ: WETF) made its prior quarter performance report publicly available. The asset management company’s earnings per share for the prior quarter came in at $0.07, $0.01 below the company’s average earnings projection of $0.08 per share . WisdomTree Investments’ high net margin, 29.35%, and return on equity, 18.11%, are both indicators of the company’s successful performance. Additionally, the company’s quarterly sales were $77.25 million, significantly higher than industry analysts’ forecast of $76.68 million for the company’s revenue for the period. . As a result, sell-side analysts believe WisdomTree Investments will earn $0.28 per share in the current fiscal year.
In the most recent period, a significant number of hedge funds and other institutional investors have bought and sold shares of WETF. The Healthcare of Ontario Pension Plan Trust Fund increased the proportion of its holdings allocated to WisdomTree Investments by 36.5% in the first three months of 2018. The Healthcare of Ontario Pension Plan Trust Fund currently holds 891,200 shares of the fund manager. assets. This figure represents an increase of 238,500 shares since the beginning of the last quarter. The current value of these shares, when traded on the market, is $5,231,000. Additionally, a new investment in WisdomTree Investments was made by Campbell & CO Investment Adviser LLC at a total cost of $254,000 during the first three months of the year. The total amount of WisdomTree Investments held by SMH Capital Advisors Inc. at the end of the second quarter was increased to a level 34,563.8% higher than before the increase. SMH Capital Advisors Inc. now owns 7,868,000 shares of the asset manager after purchasing an additional 7,845,302 shares in the most recent period. Each share of the asset manager’s stock is currently worth $7,730,000. During the first three months of the year, Phase 2 Partners LLC spent $4,792,000 to increase its stake in WisdomTree Investments by purchasing additional shares of the company. And finally, during the first three months of the year, Wintons Group Ltd. invested $1,076,000 in WisdomTree Investments per investment. The shares of the company are held by institutional investors and hedge funds up to 95.95%.
It is important to note that WisdomTree Investments, Inc. is a sponsor of exchange-traded funds (ETFs) in addition to being an asset manager; its subsidiaries carry out the commercial activities of the company. It offers exchange-traded funds, or ETFs, for currency, bond, stock, and other investment asset classes, as well as other asset classes. The company also offers a platform that promotes the use of WisdomTree ETFs in 401(k) plans and licenses other parties to use its indices for their products. Additionally, the company offers a platform to encourage the use of WisdomTree ETFs. In addition to this, the company allows other organizations and individuals to use its indexes.