WisdomTree Investments (NASDAQ:WETF) : The highest short term price target forecast on WisdomTree Investments (NASDAQ:WETF) is $13 and the lowest target price is $11. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $12.19 with a standard deviation of $0.99.
Other Equity analysts have also commented on the company shares. In a research note released to the investors, Northland Securities downgrades its rating on WisdomTree Investments (NASDAQ:WETF).The analysts at the brokerage house have a current rating of Market Perform on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on June 1, 2016.
WisdomTree Investments (NASDAQ:WETF): stock turned positive on Thursday. Though the stock opened at $10.54, the bulls momentum made the stock top out at $10.88 level for the day. The stock recorded a low of $10.5 and closed the trading day at $10.86, in the green by 4.93%. The total traded volume for the day was 2,036,366. The stock had closed at $10.35 in the previous days trading.
The company shares have dropped -54.88% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $26.23 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $10.94 and the 200 Day Moving Average price is recorded at $12.30. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Wisdomtree Investments, Inc., Steinberg Jonathan L had purchased shares worth of $2,148,000 in a transaction dated on February 16, 2016. A total of 200,000 shares were purchased at a price of $10.74 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.