Wise Group plc (NASDAQ:WSE) Stock Has Average Target Price of $16.52 According to Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on Wise Group, with five buy, two strong-buy and three hold ratings. The average 12-month price target is $16.52, above the stock’s reported $11.44 price.
• Wise Group reported quarterly EPS of $0.12 on revenue of $576.48 million, while analysts expect full-year EPS of $0.57.
• Several major institutional investors recently initiated positions, including Amundi with an approximately $58.3 million stake and Allianz Asset Management with about $14.4 million.

Wise Group plc (NASDAQ:WSE - Get Free Report) has received an average rating of "Moderate Buy" from the ten brokerages that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $16.52.

A number of equities analysts recently issued reports on the company. Canaccord Genuity Group started coverage on Wise Group in a report on Wednesday, September 2nd. They issued a "buy" rating for the company. Morgan Stanley started coverage on Wise Group in a research note on Monday, June 29th. They set an "equal weight" rating and a $16.10 target price on the stock. Weiss Ratings lowered Wise Group from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, September 18th. JPMorgan Chase & Co. decreased their price target on Wise Group from $17.50 to $17.30 and set an "overweight" rating for the company in a research note on Friday, July 17th. Finally, Barclays raised Wise Group to a "strong-buy" rating in a report on Tuesday, July 7th.

Wise Group Price Performance

Wise Group stock opened at $11.44 on Friday. Wise Group has a 52-week low of $10.36 and a 52-week 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 firm's 50-day moving average price is $12.28.

Wise Group (NASDAQ:WSE - Get Free Report) last announced its quarterly earnings results on Thursday, June 25th. The company reported $0.12 EPS for the quarter. The firm had revenue of $576.48 million during the quarter. Sell-side analysts anticipate that Wise Group will post 0.57 EPS for the current year.

Hedge Funds Weigh In On Wise Group

Large investors have recently bought and sold shares of the stock. Amundi acquired a new stake in shares of Wise Group in the 2nd quarter worth approximately $58,328,000. Allianz Asset Management GmbH acquired a new position in shares of Wise Group during the second quarter valued at approximately $14,441,000. The Manufacturers Life Insurance Company acquired a new position in shares of Wise Group during the second quarter valued at approximately $3,154,000. Citadel Advisors LLC bought a new stake in Wise Group during the second quarter worth approximately $2,695,000. Finally, Royal London Asset Management Ltd. bought a new stake in Wise Group during the second quarter worth approximately $2,514,000.

Wise Group Company Profile

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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