WisdomTree Investments (WETF) : Zacks Investment Research ranks WisdomTree Investments (WETF) as 4, which is a Sell recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 2.63, which indicates as a Hold.
WisdomTree Investments (WETF) : Currently there are 4 street experts covering WisdomTree Investments (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 (NASDAQ:WETF): The stock opened at $9.38 on Wednesday but the bulls could not build on the opening and the stock topped out at $9.44 for the day. The stock traded down to $9.03 during the day, due to lack of any buying support eventually closed down at $9.34 with a loss of -1.27% for the day. The stock had closed at $9.46 on the previous day. The total traded volume was 2,538,030 shares.
Also, In a research note released to the investors, Bank of America downgrades its rating on WisdomTree Investments (NASDAQ:WETF).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 28, 2016. The company shares have dropped -55.08% 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 Jun 27, 2016. The 50-Day Moving Average price is $10.74 and the 200 Day Moving Average price is recorded at $11.75.
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.