Wise Group plc (WSE) - What Are Investment Firms Thinking About This Stock?

Wise Group plc (NASDAQ:WSE - Get Free Report) has been assigned an average rating of "Buy" from the eleven analysts that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $16.94.

Several equities research analysts have weighed in on the company. Weiss Ratings raised Wise Group from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, October 6th. Wall Street Zen lowered Wise Group from a "hold" rating to a "sell" rating in a research note on Saturday, October 17th. Canaccord Genuity Group began coverage on Wise Group in a report on Wednesday, September 2nd. They issued a "buy" rating for the company. Barclays raised Wise Group to a "strong-buy" rating in a report on Tuesday, July 7th. Finally, Monness Crespi & Hardt upgraded Wise Group to a "strong-buy" rating in a research note on Friday, October 16th.

Wise Group Trading Up 0.6%

NASDAQ:WSE opened at $10.91 on Thursday. Wise Group has a 1-year low of $10.36 and a 1-year high of $17.47. The business has a fifty day simple moving average of $11.93. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.17.

Wise Group (NASDAQ:WSE - Get Free Report) last posted its earnings results on Thursday, June 25th. The company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $576.48 million for the quarter. On average, equities research analysts anticipate that Wise Group will post 0.56 EPS for the current fiscal year.

Insider Activity at Wise Group

In other Wise Group news, CTO Harsh Sinha sold 42,324 shares of the business's stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $11.75, for a total value of $497,307.00. Following the completion of the transaction, the chief technology officer directly owned 979,030 shares of the company's stock, valued at approximately $11,503,602.50. The trade was a 4.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Emmanuel Francois Je Thomassin sold 6,040 shares of the company's stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $11.75, for a total value of $70,970.00. Following the completion of the sale, the chief financial officer owned 4,853 shares in the company, valued at approximately $57,022.75. This represents a 55.45% decrease in their position. 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. Over the last ninety days, insiders sold 106,626 shares of company stock worth $1,252,856.

Institutional Investors Weigh In On Wise Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. TD Waterhouse Canada Inc. acquired a new stake in Wise Group during the second quarter valued at $49,000. Versant Capital Management Inc purchased a new position in Wise Group in the third quarter valued at $114,000. Two Sigma Securities LLC purchased a new position in Wise Group in the second quarter valued at $125,000. Resolute Advisors LLC purchased a new position in Wise Group in the second quarter valued at $192,000. Finally, jvl associates llc acquired a new position in shares of Wise Group in the third quarter worth about $230,000.

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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