Somewhat Favorable Media Coverage Somewhat Unlikely to Affect WisdomTree Investments (WETF) Share Price
News stories about WisdomTree Investments (NASDAQ:WETF) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. WisdomTree Investments earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the asset manager an impact score of 46.8960586734992 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- WisdomTree To Offer 72 ETFs on TD Ameritrade’s Expanded Commission-Free ETF Trading Platform – GlobeNewswire (press release) (globenewswire.com)
- Million-Dollar Ideas – Gabelli Digital Evolution in Financial Services Conference (finance.yahoo.com)
- WisdomTree To Offer 72 ETFs on TD Ameritrade’s Expanded Commission-Free ETF Trading Platform (finance.yahoo.com)
- WisdomTree Investments, Inc. (WETF) Given Sell Rating at Keefe, Bruyette & Woods (americanbankingnews.com)
- FY2018 EPS Estimates for WisdomTree Investments, Inc. (WETF) Cut by Jefferies Group (americanbankingnews.com)
Shares of WisdomTree Investments (WETF) traded down 1.91% on Tuesday, hitting $10.79. The stock had a trading volume of 1,145,580 shares. The stock has a market cap of $1.45 billion, a PE ratio of 49.05 and a beta of 3.15. WisdomTree Investments has a 12 month low of $7.87 and a 12 month high of $13.32. The stock has a 50 day moving average of $9.62 and a 200-day moving average of $9.53.
WisdomTree Investments (NASDAQ:WETF) last announced its quarterly earnings results on Friday, July 28th. The asset manager reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. The company had revenue of $63.40 million for the quarter, compared to the consensus estimate of $57.27 million. WisdomTree Investments had a return on equity of 15.41% and a net margin of 13.33%. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the firm earned $0.07 EPS. Equities research analysts anticipate that WisdomTree Investments will post $0.25 EPS for the current year.
Several research firms have weighed in on WETF. Gabelli reissued a “buy” rating on shares of WisdomTree Investments in a research report on Monday, July 31st. Zacks Investment Research raised WisdomTree Investments from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Tuesday, July 4th. Northland Securities reissued a “hold” rating and issued a $10.50 price objective on shares of WisdomTree Investments in a research report on Sunday, July 30th. BidaskClub cut WisdomTree Investments from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $14.00 price objective on shares of WisdomTree Investments in a research report on Wednesday, June 28th. Six research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $10.60.
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In other news, Director Bruce I. Lavine sold 19,849 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $9.95, for a total transaction of $197,497.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 16.60% of the stock is currently owned by company insiders.
WisdomTree Investments Company Profile
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes funds that track its own indexes, funds that track third party indexes and actively managed funds. It operates as an exchange traded products sponsor and asset manager providing investment advisory services in the United States, Europe, Canada and Japan.
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