Could WisdomTree Investments, Inc. (WETF) Change Direction After This Bearish Double Bottom Chart Pattern

July 27, 2018 - By Ash Maslow

WisdomTree Investments, Inc. (NASDAQ:WETF) Logo

Investors sentiment decreased to 1.18 in Q1 2018. Its down 0.01, from 1.19 in 2017Q4. It fall, as 25 investors sold WisdomTree Investments, Inc. shares while 55 reduced holdings. 34 funds opened positions while 60 raised stakes. 105.18 million shares or 7.88% less from 114.18 million shares in 2017Q4 were reported.
Manufacturers Life Ins The accumulated 0% or 87,712 shares. Trexquant Invest L P reported 0.02% of its portfolio in WisdomTree Investments, Inc. (NASDAQ:WETF). Robeco Institutional Asset Mgmt Bv reported 0.01% in WisdomTree Investments, Inc. (NASDAQ:WETF). Jpmorgan Chase holds 735,160 shares. Teacher Retirement Of Texas invested in 25,782 shares. Illinois-based Koshinski Asset Mgmt Inc has invested 0.16% in WisdomTree Investments, Inc. (NASDAQ:WETF). National Bank Of Mellon Corp holds 1.40M shares or 0% of its portfolio. Louisiana State Employees Retirement System holds 51,300 shares or 0.02% of its portfolio. Arrowmark Colorado Ltd owns 8.53 million shares for 0.78% of their portfolio. Ls Inv Ltd Liability Co holds 0% of its portfolio in WisdomTree Investments, Inc. (NASDAQ:WETF) for 3,401 shares. Shanda Asset Ltd invested 0.15% of its portfolio in WisdomTree Investments, Inc. (NASDAQ:WETF). Clearbridge Investments holds 4.85 million shares or 0.04% of its portfolio. Teachers Retirement System Of The State Of Kentucky holds 33,693 shares. Fmr Limited Liability Company stated it has 2.61M shares. Texas-based Dimensional Fund Advsr Limited Partnership has invested 0.01% in WisdomTree Investments, Inc. (NASDAQ:WETF).

Since February 5, 2018, it had 1 insider purchase, and 7 selling transactions for $10.77 million activity. Steinberg Jonathan L also sold $828,814 worth of WisdomTree Investments, Inc. (NASDAQ:WETF) on Friday, February 16. STEINHARDT MICHAEL H sold $1.16 million worth of stock. $262,888 worth of WisdomTree Investments, Inc. (NASDAQ:WETF) was sold by Abner David J..

The chart of WisdomTree Investments, Inc. (WETF) shows a double bottom with $8.83 target or 5.00 % below today’s $9.29 share price. The 7 months chart pattern indicates high risk for the $1.41 billion company. It was reported on Jul, 27 by If the $8.83 price target is reached, the company will be worth $70.25M less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.87% or $0.08 during the last trading session, reaching $9.29. About 751,585 shares traded. WisdomTree Investments, Inc. (NASDAQ:WETF) has risen 17.54% since July 27, 2017 and is uptrending. It has outperformed by 4.97% the S&P500.

WisdomTree Investments, Inc. (NASDAQ:WETF) Ratings Coverage

Among 9 analysts covering WisdomTree Investments (NASDAQ:WETF), 3 have Buy rating, 1 Sell and 5 Hold. Therefore 33% are positive. WisdomTree Investments had 18 analyst reports since February 2, 2018 according to SRatingsIntel. Northland Capital maintained WisdomTree Investments, Inc. (NASDAQ:WETF) on Tuesday, March 27 with “Hold” rating. Wood downgraded WisdomTree Investments, Inc. (NASDAQ:WETF) on Friday, July 13 to “Market Perform” rating. The firm has “Neutral” rating given on Friday, July 13 by Citigroup. The rating was maintained by Jefferies on Wednesday, April 11 with “Buy”. The stock of WisdomTree Investments, Inc. (NASDAQ:WETF) earned “Buy” rating by Citigroup on Tuesday, February 6. The firm has “Buy” rating given on Tuesday, March 6 by Deutsche Bank. The stock of WisdomTree Investments, Inc. (NASDAQ:WETF) earned “Outperform” rating by Credit Suisse on Monday, April 30. The stock of WisdomTree Investments, Inc. (NASDAQ:WETF) has “Hold” rating given on Tuesday, April 10 by Keefe Bruyette & Woods. The firm has “Hold” rating by Deutsche Bank given on Wednesday, May 16. On Monday, April 30 the stock rating was maintained by Citigroup with “Buy”.

More important recent WisdomTree Investments, Inc. (NASDAQ:WETF) news were published by: which released: “WisdomTree and Cetera Financial Group Enter into ETF Program Agreement” on July 24, 2018, also published article titled: “WisdomTree Schedules Earnings Conference Call for Q2 on July 27, 2018 at 9:00 am ET”, published: “WisdomTree Expands Offering on Schwab ETF OneSourceâ„¢” on July 10, 2018. More interesting news about WisdomTree Investments, Inc. (NASDAQ:WETF) was released by: and their article: “WisdomTree Looks Clearly Overvalued” with publication date: July 18, 2018.

WisdomTree Investments, Inc., through its subsidiaries, operates as an exchange-traded funds sponsor and asset manager. The company has market cap of $1.41 billion. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. It has a 42.23 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

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