Credit Suisse Thinks WisdomTree Investments’ Stock is Going to Recover

By Carrie Williams

Credit Suisse analyst Craig Siegenthaler reiterated a Buy rating on WisdomTree Investments (NASDAQ: WETF) on November 3 and set a price target of $11. The company’s shares closed last Friday at $8.38, close to its 52-week low of $8.16.

According to TipRanks.com, Siegenthaler is a 1-star analyst with an average return of -1.4% and a 47.7% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc., Virtus Investment Partners, and Oaktree Capital Group Llc.

WisdomTree Investments has an analyst consensus of Hold, with a price target consensus of $8.83.

The company has a one year high of $22.33 and a one year low of $8.16. Currently, WisdomTree Investments has an average volume of 2.01M.

Based on the recent corporate insider activity of 44 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. Most recently, in September 2016, Jonathan Steinberg, the CEO of WETF bought 100,000 shares for a total of $1,022,000.

WisdomTree Investments, Inc. is an asset management company that focuses exclusively on Exchange Traded Products. It distributes ETPs within the asset management industry, including brokerage firms, registered investment advisors, institutional investors, private wealth managers and discount brokers. ETP is an investment fund that holds securities such as equities or bonds and generally trades at approximately the same price as the net asset value of its underlying components over the course of the trading day. The company was founded by Jonathan L. Steinberg on September 19, 1985 and is headquartered in New York, NY.