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 3, which recommends a Hold 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.
WisdomTree Investments (WETF) : The highest short term price target forecast on WisdomTree Investments (WETF) is $13 and the lowest target price is $9. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $11 with a standard deviation of $1.63.
Also, Brokerage firm Citigroup maintains its rating on WisdomTree Investments (NASDAQ:WETF). As per the latest information, the brokerage house raises the price target to $7 per share from a prior target of $6. The shares have been rated Sell. The rating by the firm was issued on August 1, 2016.
WisdomTree Investments (NASDAQ:WETF): After opening at $10.23, the stock dipped to an intraday low of $10.23 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $10.81 and the buying power remained strong till the end. The stock closed at $10.75 for the day, a gain of 5.39% for the day session. The total traded volume was 2,648,983. The stocks close on the previous trading day was $10.2.
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.