Citigroup Upgrades WisdomTree Investments to Buy

By Austin Angelo

WisdomTree Investments (NASDAQ: WETF) received a Buy rating from Citigroup analyst William Katz today. The company’s shares closed last Friday at $9.02.

According to TipRanks.com, Katz is a 4-star analyst with an average return of 5.2% and a 61.7% success rate. Katz covers the Financial sector, focusing on stocks such as Eaton Vance Limited Duration Income Fund, Apollo Global Management LLC, and Raymond James Financial.

WisdomTree Investments has an analyst consensus of Moderate Buy, with a price target consensus of $11.

The company has a one year high of $13.32 and a one year low of $7.87. Currently, WisdomTree Investments has an average volume of 2.83M.

Based on the recent corporate insider activity of 31 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. Earlier this month, Luciano Siracusano, the Chief Investment Strategist of WETF bought 10,000 shares for a total of $7,000.

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. 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.