Wise Group (NASDAQ:WSE) CFO Emmanuel Francois Je Thomassin Sells 6,040 Shares of Stock

Key Points

• Wise Group CFO Emmanuel Francois Je Thomassin sold 6,040 shares at an average price of $11.75, totaling $70,970. The sale was made to cover tax-withholding obligations, reducing his direct ownership by 55.45% to 4,853 shares.
• Wise Group shares fell 0.3% to $10.95, near the lower end of their 12-month range of $10.36 to $17.47. The company reported quarterly EPS of $0.12 on revenue of $576.48 million.
• Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and an average price target of $16.94, despite one recent downgrade to “sell.”

Wise Group plc (NASDAQ:WSE - Get Free Report) CFO Emmanuel Francois Je Thomassin sold 6,040 shares of Wise Group stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $11.75, for a total value of $70,970.00. Following the transaction, the chief financial officer directly owned 4,853 shares of the company's stock, valued at $57,022.75. The trade was a 55.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Wise Group Trading Down 0.3%

Shares of Wise Group stock traded down $0.03 during trading on Monday, hitting $10.95. The stock had a trading volume of 3,117,050 shares, compared to its average volume of 2,275,641. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.07 and a current ratio of 1.07. The company's 50-day moving average price is $12.18. Wise Group plc has a 12 month low of $10.36 and a 12 month high of $17.47.

Wise Group (NASDAQ:WSE - Get Free Report) last announced its earnings results 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. Equities research analysts forecast that Wise Group plc will post 0.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Wise Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vontobel Holding Ltd. purchased a new stake in shares of Wise Group in the third quarter valued at approximately $1,251,000. Ninety One UK Ltd lifted its holdings in shares of Wise Group by 37.4% during the 3rd quarter. Ninety One UK Ltd now owns 7,195,705 shares of the company's stock valued at $82,629,000 after purchasing an additional 1,959,751 shares during the last quarter. jvl associates llc acquired a new position in shares of Wise Group during the third quarter valued at about $230,000. Versant Capital Management Inc acquired a new stake in Wise Group during the 3rd quarter worth about $114,000. Finally, Envestnet Asset Management Inc. acquired a new position in Wise Group in the 2nd quarter worth approximately $2,484,000.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on WSE shares. Morgan Stanley assumed coverage on shares of Wise Group in a report on Monday, June 29th. They issued an "equal weight" rating and a $16.10 price target on the stock. JPMorgan Chase & Co. lifted their price objective on Wise Group from $17.30 to $17.70 and gave the stock an "overweight" rating in a report on Friday. Canaccord Genuity Group started coverage on Wise Group in a report on Wednesday, September 2nd. They issued a "buy" rating for the company. Wall Street Zen downgraded Wise Group from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, UBS Group upped their price objective on Wise Group from $16.00 to $17.25 and gave the stock a "buy" rating in a research note on Tuesday, October 13th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $16.94.

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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