The stock of WisdomTree Investments, Inc. (NASDAQ:WETF) is a huge mover today! About 600,579 shares traded hands. WisdomTree Investments, Inc. (NASDAQ:WETF) has declined 19.34% since April 18, 2016 and is downtrending. It has underperformed by 23.77% the S&P500.
The move comes after 5 months positive chart setup for the $1.35 billion company. It was reported on Nov, 18 by Barchart.com. We have $12.90 PT which if reached, will make NASDAQ:WETF worth $432.00M more.
WisdomTree Investments, Inc. (NASDAQ:WETF) Ratings Coverage
Out of 10 analysts covering WisdomTree Investments (NASDAQ:WETF), 2 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 20% are positive. WisdomTree Investments has been the topic of 25 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Goldman Sachs downgraded the stock to “Sell” rating in Monday, January 11 report. As per Monday, October 31, the company rating was maintained by Citigroup. Keefe Bruyette & Woods downgraded WisdomTree Investments, Inc. (NASDAQ:WETF) rating on Monday, February 8. Keefe Bruyette & Woods has “Outperform” rating and $10 price target. Northland Capital downgraded the shares of WETF in a report on Wednesday, June 1 to “Market Perform” rating. Wood maintained the stock with “Market Perform” rating in Thursday, September 3 report. On Monday, September 21 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. Bank of America downgraded the stock to “Neutral” rating in Tuesday, June 28 report. Citigroup downgraded WisdomTree Investments, Inc. (NASDAQ:WETF) on Wednesday, August 26 to “Sell” rating. The stock of WisdomTree Investments, Inc. (NASDAQ:WETF) has “Buy” rating given on Friday, August 21 by Vetr. The stock of WisdomTree Investments, Inc. (NASDAQ:WETF) earned “Neutral” rating by Northcoast on Friday, January 29.
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 increased to 1.3 in Q2 2016. Its up 0.35, from 0.95 in 2016Q1. The ratio increased, 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.
Ubs Asset Mngmt Americas last reported 0% of its portfolio in the stock. Nationwide Fund Advsrs accumulated 263,630 shares or 0.01% of the stock. Stonebridge Capital Mgmt last reported 23,980 shares in the company. Amp accumulated 17,900 shares or 0% of the stock. Geode Mngmt Ltd Liability accumulated 0% or 782,302 shares. Moreover, Carroll Finance Associates has 0.22% invested in WisdomTree Investments, Inc. (NASDAQ:WETF) for 134,069 shares. Lpl Lc accumulated 18,222 shares or 0% of the stock. Massmutual Trust Com Fsb Adv holds 0% or 5,000 shares in its portfolio. Thornburg Inv Mngmt Inc holds 0.28% of its portfolio in WisdomTree Investments, Inc. (NASDAQ:WETF) for 3.73 million shares. Dimensional Fund Advsrs L P has 0.01% invested in the company for 2.57 million shares. Barclays Public Ltd Co last reported 0% of its portfolio in the stock. Moreover, Ardevora Asset Mngmt Llp has 1.06% invested in WisdomTree Investments, Inc. (NASDAQ:WETF) for 2.59 million shares. Moreover, Stifel Corporation has 0.01% invested in WisdomTree Investments, Inc. (NASDAQ:WETF) for 129,844 shares. Clean Yield Gru Incorporated owns 1,412 shares or 0.01% of their US portfolio. Rothschild Asset Mngmt Inc holds 0% of its portfolio in WisdomTree Investments, Inc. (NASDAQ:WETF) for 18,905 shares.
Insider Transactions: Since August 2, 2016, the stock had 3 buys, and 0 selling transactions for $4.06 million net activity. On Tuesday, August 2 the insider Bossone Anthony bought $495,000. Steinberg Jonathan L bought $1.02 million worth of stock.
More news for WisdomTree Investments, Inc. (NASDAQ:WETF) were recently published by: Fool.com, which released: “Why WisdomTree Investments, Inc. Dropped on Friday” on August 01, 2016. Globenewswire.com‘s article titled: “WisdomTree Makes Strategic Investment in AdvisorEngine” and published on November 18, 2016 is yet another important article.
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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