Citigroup analyst William Katz downgraded WisdomTree Investments (WETF) to Sell today. The company’s shares closed on Friday at $6.02, close to its 52-week low of $5.85.
According to TipRanks.com, Katz is a 4-star analyst with an average return of 3.2% and a 56.4% success rate. Katz covers the Financial sector, focusing on stocks such as BrightSphere Investment Group plc, Apollo Global Management LLC, and Raymond James Financial.
Currently, the analyst consensus on WisdomTree Investments is a Moderate Buy with an average price target of $8.17.
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Based on WisdomTree Investments’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $11.56 million. In comparison, last year the company had a net profit of $238K.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WETF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
WisdomTree Investments, Inc. operates as an asset management company that focuses on Exchange Traded Products(ETPs). It distributes ETPs within the asset management industry, including brokerage firms, registered investment advisors, institutional investors, private wealth managers and discount brokers.
