WisdomTree Investments (WETF) : The highest level WisdomTree Investments (WETF) is projected to reach is $13 for the short term and the lowest estimate is at $9. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $11 and the possibility the share price can swing is $1.63.
WisdomTree Investments (WETF) : 8 analysts are covering WisdomTree Investments (WETF) and their average rating on the stock is 2.63, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, In a research note released to the investors, Citigroup maintains its rating on WisdomTree Investments (NASDAQ:WETF).The analysts at the brokerage house have a current rating of Sell on the shares. In a recent information released to the investors, Citigroup raises the new price target from $6 per share to $7 per share. The rating by the firm was issued on August 1, 2016.
WisdomTree Investments (NASDAQ:WETF): The stock opened at $10.64 on Thursday but the bulls could not build on the opening and the stock topped out at $10.74 for the day. The stock traded down to $10.17 during the day, due to lack of any buying support eventually closed down at $10.27 with a loss of -2.19% for the day. The stock had closed at $10.50 on the previous day. The total traded volume was 2,224,774 shares.
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.