WisdomTree Investments Gets a Hold Rating from Northland Securities

By Jason Carr

In a report issued on July 28, Michael Grondahl from Northland Securities reiterated a Hold rating on WisdomTree Investments (NASDAQ: WETF), with a price target of $10.50. The company’s shares closed on Friday at $10.13.

According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 25.1% and a 71.9% success rate. Grondahl covers the Financial sector, focusing on stocks such as Altisource Portfolio Solutions SA, Health Insurance Innovations, and Altisource Residential.

WisdomTree Investments has an analyst consensus of Moderate Buy, with a price target consensus of $11.25.

Based on WisdomTree Investments’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $56.52 million and quarterly net profit of $12.11 million. In comparison, last year the company earned revenue of $55.98 million and had a net profit of $3.65 million.

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. Most recently, in May 2017, 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.