Wealthfront (NASDAQ:WLTH) Stock Has Consensus Price Target of $12.14 According to Brokerages

Key Points

• Analysts hold a mixed view of Wealthfront: five rate the stock a buy, four a hold and one a sell, producing a consensus “Hold” rating and an average 12-month price target of $12.14.
• Recent broker actions were mixed, with JPMorgan, Keefe Bruyette & Woods and Wells Fargo cutting price targets, while Needham initiated coverage with a “Buy” rating and a $13 target.
• Wealthfront reported quarterly EPS of $0.10, slightly above the $0.09 consensus estimate, on $91.87 million in revenue; however, it remained unprofitable, with a negative net margin of 19.42%. Insiders sold $2.96 million of stock over the past 90 days.

Wealthfront (NASDAQ:WLTH - Get Free Report) has earned a consensus rating of "Hold" from the ten ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $12.14.

Several brokerages have recently weighed in on WLTH. JPMorgan Chase & Co. decreased their price objective on Wealthfront from $13.00 to $12.00 and set an "overweight" rating for the company in a report on Friday, June 5th. Keefe, Bruyette & Woods dropped their target price on Wealthfront from $11.00 to $10.50 and set a "market perform" rating on the stock in a report on Monday, July 13th. Needham & Company LLC began coverage on Wealthfront in a research report on Friday. They set a "buy" rating and a $13.00 price target for the company. The Goldman Sachs Group restated a "neutral" rating and issued a $10.00 price target on shares of Wealthfront in a research note on Thursday, September 10th. Finally, Wells Fargo & Company dropped their price objective on Wealthfront from $12.00 to $11.50 and set an "overweight" rating on the stock in a research note on Tuesday, August 4th.

Insider Buying and Selling at Wealthfront

In related news, CFO Alan Imberman sold 76,540 shares of the business's stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $10.10, for a total transaction of $773,054.00. Following the transaction, the chief financial officer directly owned 396,970 shares in the company, valued at approximately $4,009,397. The trade was a 16.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Julien Wetterwald sold 26,231 shares of the company's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $10.73, for a total transaction of $281,458.63. Following the sale, the chief technology officer directly owned 730,793 shares in the company, valued at $7,841,408.89. This trade represents a 3.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 287,695 shares of company stock valued at $2,957,447 in the last 90 days. Company insiders own 27.36% of the company's stock.

Hedge Funds Weigh In On Wealthfront

A number of hedge funds and other institutional investors have recently bought and sold shares of WLTH. Royal Bank of Canada bought a new position in shares of Wealthfront during the 1st quarter worth approximately $27,000. Strs Ohio bought a new stake in Wealthfront in the 1st quarter valued at $56,000. Squarepoint Ops LLC acquired a new stake in Wealthfront during the 2nd quarter valued at $90,000. Arizona State Retirement System acquired a new stake in Wealthfront during the 2nd quarter valued at $102,000. Finally, AXQ Capital LP bought a new position in Wealthfront during the second quarter worth $105,000.

Wealthfront Price Performance

Shares of WLTH stock opened at $10.18 on Monday. Wealthfront has a 12 month low of $7.20 and a 12 month high of $14.88. The company's fifty day simple moving average is $9.57 and its 200-day simple moving average is $9.77. The firm has a market cap of $1.59 billion and a PE ratio of -10.95.

Wealthfront (NASDAQ:WLTH - Get Free Report) last issued its quarterly earnings results on Wednesday, September 9th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. Wealthfront had a negative net margin of 19.42% and a negative return on equity of 14.62%. The firm had revenue of $91.87 million for the quarter. The company's quarterly revenue was up .9% on a year-over-year basis. On average, equities analysts predict that Wealthfront will post 0.41 earnings per share for the current fiscal year.

About Wealthfront

Wealthfront, Inc is a U.S.-based digital wealth management company that provides automated investing, financial planning and cash management services through an online platform and mobile applications. The company is designed to help individuals manage their finances with technology-driven tools and diversified investment portfolios.

Its offerings have included automated investment accounts, tax-efficient portfolio management, financial planning tools, high-yield cash management products and lending services.

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