Northland Securities analyst Michael Grondahl reiterated a Hold rating on WisdomTree Investments (WETF) today and set a price target of $9. The company’s shares closed yesterday at $6.12, close to its 52-week low of $5.73.
According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 18.8% and a 59.5% success rate. Grondahl covers the Financial sector, focusing on stocks such as Front Yard Residential Corporation, Altisource Portfolio Solutions SA, and Thunder Bridge Acquisition Ltd.
Currently, the analyst consensus on WisdomTree Investments is a Moderate Sell with an average price target of $6.67.
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WisdomTree Investments’ market cap is currently $948.9M and has a P/E ratio of 29.02. The company has a Price to Book ratio of 2.61.
Based on the recent corporate insider activity of 39 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.
