WisdomTree Investments (NASDAQ:WETF) : Currently there are 4 street experts covering WisdomTree Investments (NASDAQ:WETF) stock. The most bullish and bearish price target for the stock is $13 and $9 respectively for the short term. The average price target of all the analysts comes to $10.75. The estimated standard deviation from the target is $1.71.
WisdomTree Investments, Inc. has lost 9.85% in the last five trading days and dropped 17.24% in the last 4 weeks. WisdomTree Investments, Inc. has dropped 12.35% during the last 3-month period . Year-to-Date the stock performance stands at -37.56%. Also, Northland Securities downgrades its rating on WisdomTree Investments (NASDAQ:WETF). Analysts at the Northland Securities have a current rating of Market Perform on the shares. The shares were previously rated Outperform. The rating by the firm was issued on June 1, 2016.
WisdomTree Investments (NASDAQ:WETF) : The consensus on WisdomTree Investments (NASDAQ:WETF) based on 8 analyst recommendation on the company stock is 2.63, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on WisdomTree Investments (NASDAQ:WETF).
WisdomTree Investments (NASDAQ:WETF): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.42 and $9.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.79, notching a gain of 3.93% for the day. The total traded volume was 2,870,332 . The stock had closed at $9.42 on the previous day.
In an insider trading activity, 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.