What’s in WisdomTree Investments, Inc. (WETF) After Forming Bearish Double Bottom?

WisdomTree Investments, Inc. (NASDAQ:WETF) Logo

Investors sentiment increased to 1.42 in 2019 Q1. Its up 0.18, from 1.24 in 2018Q4. It improved, as 16 investors sold WisdomTree Investments, Inc. shares while 39 reduced holdings. 24 funds opened positions while 54 raised stakes. 108.86 million shares or 3.34% more from 105.34 million shares in 2018Q4 were reported.
Moreover, Thrivent Finance For Lutherans has 0% invested in WisdomTree Investments, Inc. (NASDAQ:WETF). Alliancebernstein Limited Partnership reported 188,160 shares. Geode Cap Management Lc invested in 0% or 1.50 million shares. Hsbc Hldg Public Limited Com reported 21,305 shares or 0% of all its holdings. 13.21 million were accumulated by Vanguard Group Inc. Fred Alger Mngmt has 8.96 million shares for 0.25% of their portfolio. Sei Comm, Pennsylvania-based fund reported 190,008 shares. Timessquare Cap Mngmt Llc has 6.85M shares. Bancorporation Of Mellon Corp owns 3.54 million shares or 0.01% of their US portfolio. New York State Common Retirement Fund stated it has 0% of its portfolio in WisdomTree Investments, Inc. (NASDAQ:WETF). 10,118 were accumulated by 3D Asset Mgmt. 600 are owned by Adirondack. Two Sigma Limited Co holds 0% in WisdomTree Investments, Inc. (NASDAQ:WETF) or 31,534 shares. Invesco holds 0% or 335,762 shares in its portfolio. State Street Corp reported 3.35 million shares or 0% of all its holdings.

Since February 4, 2019, it had 6 insider buys, and 0 selling transactions for $1.97 million activity. $295,965 worth of WisdomTree Investments, Inc. (NASDAQ:WETF) was bought by Bossone Anthony on Monday, February 4. Ziemba Peter M bought $97,082 worth of stock or 16,000 shares. On Monday, February 4 Muni Amit bought $80,816 worth of WisdomTree Investments, Inc. (NASDAQ:WETF) or 13,500 shares.

The chart of WisdomTree Investments, Inc. (WETF) shows a double bottom with $5.88 target or 8.00 % below today’s $6.39 share price. The 7 months chart pattern indicates high risk for the $993.96 million company. It was reported on Jul, 10 by Finviz.com. If the $5.88 price target is reached, the company will be worth $79.52 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.16% or $0.01 during the last trading session, reaching $6.39. About 65,930 shares traded. WisdomTree Investments, Inc. (NASDAQ:WETF) has declined 42.04% since July 10, 2018 and is downtrending. It has underperformed by 46.47% the S&P500.

Analysts await WisdomTree Investments, Inc. (NASDAQ:WETF) to report earnings on July, 26. They expect $0.06 EPS, down 33.33 % or $0.03 from last year’s $0.09 per share. WETF’s profit will be $9.33 million for 26.63 P/E if the $0.06 EPS becomes a reality. After $0.05 actual EPS reported by WisdomTree Investments, Inc. for the previous quarter, Wall Street now forecasts 20.00 % EPS growth.

More notable recent WisdomTree Investments, Inc. (NASDAQ:WETF) news were published by: Benzinga.com which released: “TD Ameritrade Unveils Big Expansion Of Commission-Free ETF Roster – Benzinga” on May 07, 2019, also Seekingalpha.com with their article: “Top-Performing iShares Country ETFs: May 2019 – Seeking Alpha” published on May 20, 2019, Benzinga.com published: “Shutdown Avoided? Stocks Get Early Boost With Activision Blizzard Earnings Later – Benzinga” on February 12, 2019. More interesting news about WisdomTree Investments, Inc. (NASDAQ:WETF) were released by: Etftrends.com and their article: “WisdomTree to Shutter 8 ETFs – ETF Trends” published on February 15, 2019 as well as Seekingalpha.com‘s news article titled: “Goldman sees AllianceBernstein, BlackRock benefiting from hunt for yield – Seeking Alpha” with publication date: June 12, 2019.

WisdomTree Investments, Inc., through its subsidiaries, operates as an exchange-traded funds sponsor and asset manager. The company has market cap of $993.96 million. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. It has a 29.86 P/E ratio. The firm also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.

WisdomTree Investments, Inc. (NASDAQ:WETF) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.