Citigroup Maintains WisdomTree Investments to Sell with Price Target $7.00

Brokerage firm Citigroup Maintains its rating on WisdomTree Investments(NASDAQ:WETF). In a research note issued to the investors, the brokerage major Raises the price-target to $7.00 per share. The shares have been rated Sell. The rating by Citigroup was issued on Aug 1, 2016.

In a different note, On Jun 28, 2016, Bank of America said it Downgrades its rating on WisdomTree Investments. The shares have been rated ‘Neutral’ by the firm. On Jun 1, 2016, Northland Securities said it Downgrades its rating on WisdomTree Investments. The shares have been rated ‘Market Perform’ by the firm.

WisdomTree Investments (WETF) made into the market gainers list on Mondays trading session with the shares advancing 0.48% or 0.05 points. Due to strong positive momentum, the stock ended at $10.48, which is also near the day’s high of $10.73. The stock began the session at $10.67 and the volume stood at 17,13,069 shares. The 52-week high of the shares is $25.95 and the 52 week low is $8.7. The company has a current market capitalization of $1,406 M and it has 13,41,46,000 shares in outstanding.

WisdomTree Investments(WETF) last announced its earnings results on Jul 29, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $55.98M. Analysts had an estimated revenue of $55.63M. Earnings per share were $0.07. Analysts had estimated an EPS of $0.06.

Several Insider Transactions has been reported to the SEC. On Feb 23, 2016, Jonathan L Steinberg (CEO) purchased 200,000 shares at $10.74 per share price.Also, On Nov 24, 2015, Michael H Steinhardt (director) sold 500,000 shares at $21.30 per share price.On Aug 11, 2015, Gregory E Barton (Chief Operating Officer) sold 33,700 shares at $25.19 per share price, according to the Form-4 filing with the securities and exchange commission.

WisdomTree Investments Inc. is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s 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 ETF’s portfolio on a daily basis.

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