WisdomTree Investments (WETF) : 2 brokerage houses believe that WisdomTree Investments (WETF) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on WisdomTree Investments (WETF). Zacks Investment Research suggests a Sell with a rank of 4. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 8 Wall Street Analysts endorse the stock as a Hold with a rating of 2.63.
WisdomTree Investments (WETF) : Average target price received by WisdomTree Investments (WETF) is $11 with an expected standard deviation of $1.63. The most aggressive target on the stock is $13, whereas the most downbeat target is $9. 4 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week WisdomTree Investments (NASDAQ:WETF): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.46 and $10.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.43, notching a gain of 1.07% for the day. The total traded volume was 1,266,210 . The stock had closed at $10.32 on the previous day.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Wisdomtree Investments, Inc., Bossone Anthony had purchased shares worth of $495,000 in a transaction dated on August 2, 2016. A total of 50,000 shares were purchased at a price of $9.9 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
WisdomTree Investments, Inc. is an asset management company that focuses on exchange-traded funds (ETFs). The Companys family of ETFs includes fundamentally weighted funds that track its own indexes, funds that track third party indexes and actively managed funds. The Company distributes its ETFs through all major channels within the asset management industry, including brokerage firms, registered investment advisers, institutional investors, private wealth managers and discount brokers. Most of its index-based funds employ a fundamental weighted investment methodology, which weights securities on the basis of factors, such as dividends or earnings, whereas most other ETF industry indexes use a capitalization weighted methodology. In addition, it also offers actively managed ETFs, which are ETFs that are not-based on a particular index but rather are actively managed with complete transparency into the ETFs portfolio on a daily basis.