Wise Group (NASDAQ:WSE) Now Covered by Analysts at Canaccord Genuity Group

Key Points

• Canaccord Genuity initiated coverage of Wise Group with a “buy” rating. Other analysts generally remain positive, giving the stock a consensus “Moderate Buy” rating and an average price target of $16.52.
• Wise Group shares opened at $12.94 and were down 1.3%, trading between a 12-month low of $10.36 and high of $17.47. The company most recently reported quarterly EPS of $0.12 on revenue of $576.48 million.
• Several institutional investors recently established positions in Wise Group, including Amundi, which purchased shares valued at approximately $58.3 million, and Citadel Advisors, which bought about $2.7 million worth.

Investment analysts at Canaccord Genuity Group began coverage on shares of Wise Group (NASDAQ:WSE - Get Free Report) in a report issued on Wednesday, Briefing.com reports. The firm set a "buy" rating on the stock.

Other equities analysts also recently issued research reports about the company. BNP Paribas Exane began coverage on Wise Group in a research report on Monday, June 1st. They set an "outperform" rating and a $16.69 target price on the stock. William Blair began coverage on Wise Group in a research report on Monday, May 11th. They issued an "outperform" rating for the company. UBS Group assumed coverage on shares of Wise Group in a research note on Friday, May 29th. They set a "buy" rating and a $16.00 price objective for the company. Morgan Stanley began coverage on shares of Wise Group in a research note on Monday, June 29th. They issued an "equal weight" rating and a $16.10 target price on the stock. Finally, The Goldman Sachs Group upgraded shares of Wise Group to a "strong-buy" rating in a report on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Wise Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.52.

Wise Group Trading Down 1.3%

WSE opened at $12.94 on Wednesday. Wise Group has a 12 month low of $10.36 and a 12 month high of $17.47. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average of $12.52.

Wise Group (NASDAQ:WSE - Get Free Report) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $576.48 million for the quarter. On average, analysts expect that Wise Group will post 0.57 earnings per share for the current year.

Hedge Funds Weigh In On Wise Group

A number of large investors have recently bought and sold shares of WSE. Citadel Advisors LLC bought a new position in Wise Group in the 2nd quarter valued at $2,695,000. Corient Private Wealth LP bought a new stake in shares of Wise Group during the second quarter worth $251,000. Amundi purchased a new stake in shares of Wise Group during the second quarter valued at $58,328,000. Vancity Investment Management Ltd purchased a new stake in shares of Wise Group during the second quarter valued at $345,000. Finally, TD Waterhouse Canada Inc. bought a new position in shares of Wise Group in the second quarter worth about $49,000.

About Wise Group

Wise Group PLC is a technology company. Its product offering includes Wise Account, Wise Business and Wise Platform. Wise Account is its solution for people with cross-border financial needs. Wise Business offers product along with business-specific functionalities designed to enable business customers. Wise Platform provide financial services for banks, financial institutions and enterprises. Wise Group PLC is based in LONDON, United Kingdom.

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