Teacher Retirement System of Texas Takes Position in Wealthfront $WLTH

Key Points

• Teacher Retirement System of Texas opened a new position in Wealthfront of 170,000 shares (~$2.31 million), equal to about 0.12% ownership, while Realta Investment Advisors also bought a smaller stake (~$194,000).
• Analysts have been mixed—JPMorgan cut its price target to $10—but the street consensus is a "Hold" rating with an average price target of $12.17.
• Wealthfront reported quarterly EPS of -$1.31, missing estimates by $0.07 while revenue of $96.14 million beat expectations; the stock recently traded near $10.95 with a one‑year range of $7.20–$14.88.

Teacher Retirement System of Texas bought a new position in shares of Wealthfront (NASDAQ:WLTH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 170,000 shares of the company's stock, valued at approximately $2,310,000. Teacher Retirement System of Texas owned about 0.12% of Wealthfront as of its most recent SEC filing.

Separately, Realta Investment Advisors bought a new position in Wealthfront in the fourth quarter valued at about $194,000.

Analyst Upgrades and Downgrades

Several analysts have weighed in on WLTH shares. JPMorgan Chase & Co. dropped their price objective on Wealthfront from $16.00 to $10.00 and set an "overweight" rating for the company in a report on Thursday, March 12th. Citizens Jmp lowered their price target on shares of Wealthfront from $20.00 to $17.00 and set a "market outperform" rating for the company in a research report on Monday, March 16th. Weiss Ratings assumed coverage on shares of Wealthfront in a report on Wednesday, March 11th. They issued a "sell (d)" rating on the stock. Zacks Research raised shares of Wealthfront to a "hold" rating in a research note on Thursday, January 15th. Finally, KeyCorp initiated coverage on shares of Wealthfront in a report on Tuesday, January 6th. They set a "sector weight" rating for the company. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $12.17.

Wealthfront Price Performance

Shares of WLTH stock opened at $10.95 on Tuesday. The company has a 50-day moving average of $9.18. Wealthfront has a one year low of $7.20 and a one year high of $14.88.

Wealthfront (NASDAQ:WLTH - Get Free Report) last issued its quarterly earnings data on Wednesday, March 11th. The company reported ($1.31) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.24) by ($0.07). The company had revenue of $96.14 million for the quarter, compared to analysts' expectations of $91.95 million. As a group, sell-side analysts expect that Wealthfront will post 0.46 earnings per share for the current fiscal year.

Wealthfront Profile

Wealthfront NASDAQ: WLTH is a technology-driven wealth management firm that provides automated investment services to individual investors. Operating as a robo-advisor, the company uses algorithms and software to construct and manage diversified portfolios largely composed of low-cost exchange-traded funds (ETFs). Its platform is geared toward long-term, goal-based investing with an emphasis on passive strategies, automated rebalancing and straightforward user experience delivered through web and mobile applications.

The company’s product suite includes automated portfolio management, tax-loss harvesting and goal-planning tools that help clients set and track financial objectives.

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