Market Overview

UPDATE: Gabelli & Company Upgrades WisdomTree Investments to Buy

Share:
Related WETF
'Lose-Lose Situation' Is Developing For WisdomTree Investors
Watch These 7 Huge Call Purchases In Tuesday Trade
Buy the dip money targets German stocks (Seeking Alpha)

In a report published Wednesday, Gabelli & Company upgraded its rating on WisdomTree Investments (NASDAQ: WETF) from Hold to Buy.

Gabelli noted, “We are increasing our 2013P estimate to $0.29 per share from $0.25 per share. Our revision incorporates the operating benefits from the deal expiration with BNY Melon and lower professional fees. We continue to believe in the seasoned management team and long-term competitive aspects of WisdomTree. Shares currently trade at a 20% discount to 2013 Private Market Value of $8.00 per share. We recommend purchase.”

WisdomTree Investments closed on Tuesday at $6.10.

Latest Ratings for WETF

DateFirmActionFromTo
Jun 2016Bank of AmericaDowngradesBuyNeutral
Jun 2016Northland SecuritiesDowngradesOutperformMarket Perform
Feb 2016Keefe Bruyette & WoodsDowngradesMarket PerformOutperform

View More Analyst Ratings for WETF
View the Latest Analyst Ratings

Posted-In: Gabelli & CompanyAnalyst Color Upgrades Analyst Ratings

 

Related Articles (WETF)

View Comments and Join the Discussion!