The stock of WisdomTree Investments, Inc. (NASDAQ:WETF) hit a new 52-week low and has $7.65 target or 8.00% below today’s $8.32 share price. The 7 months bearish chart indicates high risk for the $1.15 billion company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $7.65 price target is reached, the company will be worth $92.00M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 3.93% or $0.34 during the last trading session, hitting $8.32. About 2.59 million shares traded hands or 22.75% up from the average. WisdomTree Investments, Inc. (NASDAQ:WETF) has declined 24.23% since March 31, 2016 and is downtrending. It has underperformed by 26.76% the S&P500.
Analysts await WisdomTree Investments, Inc. (NASDAQ:WETF) to report earnings on November, 4. They expect $0.06 EPS, down 64.71% or $0.11 from last year’s $0.17 per share. WETF’s profit will be $8.29M for 34.67 P/E if the $0.06 EPS becomes a reality. After $0.03 actual EPS reported by WisdomTree Investments, Inc. for the previous quarter, Wall Street now forecasts 100.00% EPS growth.
WisdomTree Investments, Inc. (NASDAQ:WETF) Ratings Coverage
Out of 9 analysts covering WisdomTree Investments (NASDAQ:WETF), 2 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 22% are positive. WisdomTree Investments has been the topic of 24 analyst reports since August 4, 2015 according to StockzIntelligence Inc. As per Monday, February 8, the company rating was downgraded by Keefe Bruyette & Woods. The stock of WisdomTree Investments, Inc. (NASDAQ:WETF) has “Neutral” rating given on Friday, January 29 by Northcoast. The rating was downgraded by Bank of America on Tuesday, June 28 to “Neutral”. On Monday, September 21 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. The firm has “Sell” rating given on Monday, October 31 by Citigroup. The rating was downgraded by Northland Capital to “Market Perform” on Wednesday, June 1. The stock of WisdomTree Investments, Inc. (NASDAQ:WETF) has “Hold” rating given on Thursday, August 6 by Zacks. As per Thursday, September 3, the company rating was maintained by Wood. The firm has “Sell” rating by Citigroup given on Wednesday, August 26. Goldman Sachs downgraded WisdomTree Investments, Inc. (NASDAQ:WETF) on Monday, January 11 to “Sell” rating.
According to Zacks Investment Research, “INDIVIDUAL INVESTOR GROUP INC. is an information services company that publishes and markets Individual Investor magazine and Individual Investor’s Special Situations Report. In addition, the Company, through wholly owned subsidiaries, is the investment manager of private investment funds.”
Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. Its down 0.07, from 1.02 in 2016Q1. The ratio dropped, as 42 funds sold all WisdomTree Investments, Inc. shares owned while 63 reduced positions. 18 funds bought stakes while 82 increased positions. They now own 135.96 million shares or 4.77% more from 129.77 million shares in 2016Q1.
Ardevora Asset Management Llp has 2.59 million shares for 1.06% of their US portfolio. Victory Cap Incorporated accumulated 0% or 15,655 shares. Aberdeen Asset Mgmt Public Limited Company Uk has 1.39 million shares for 0.05% of their US portfolio. At Savings Bank holds 0.17% or 119,110 shares in its portfolio. Comerica Retail Bank last reported 0.01% of its portfolio in the stock. Wells Fargo And Company Mn accumulated 0% or 1.06M shares. Tower Capital Ltd Limited Liability Company (Trc) last reported 24,494 shares in the company. Adirondack Trust has 0% invested in the company for 300 shares. Teachers owns 203,609 shares or 0% of their US portfolio. Hancock Holdings last reported 0.02% of its portfolio in the stock. Pub Employees Retirement Association Of Colorado, a Colorado-based fund reported 29,225 shares. Barclays Public Ltd Company last reported 126,652 shares in the company. Diam Ltd last reported 0.01% of its portfolio in the stock. Deutsche Commercial Bank Ag has invested 0% of its portfolio in WisdomTree Investments, Inc. (NASDAQ:WETF). Westpac Banking holds 0% of its portfolio in WisdomTree Investments, Inc. (NASDAQ:WETF) for 604,000 shares.
Insider Transactions: Since August 2, 2016, the stock had 3 insider buys, and 0 sales for $4.06 million net activity. Steinberg Jonathan L bought $1.02M worth of stock. Bossone Anthony bought $495,000 worth of WisdomTree Investments, Inc. (NASDAQ:WETF) on Tuesday, August 2.
Another recent and important WisdomTree Investments, Inc. (NASDAQ:WETF) news was published by Fool.com which published an article titled: “Why WisdomTree Investments, Inc. Dropped on Friday” on August 01, 2016.
WETF Company Profile
WisdomTree Investments, Inc., incorporated on September 19, 1985, is an asset management firm that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes fundamentally weighted funds that track its own indexes, funds that track third party indexes and actively managed funds. The Firm operates through exchange traded products (ETP) sponsor and asset manager providing investment advisory services segment.
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