Keefe, Bruyette & Woods Has Lowered Expectations for Wealthfront (NASDAQ:WLTH) Stock Price

Key Points

• Keefe, Bruyette & Woods cut its price target on Wealthfront from $16.50 to $13.50 while keeping an "outperform" rating, a target the firm says implies about a 62.79% upside from the stock's current level.
• Several other analysts also trimmed targets (Wells Fargo to $12.50, RBC to $14.00, Goldman Sachs to $12.00), leaving a MarketBeat consensus rating of Moderate Buy with a consensus price target of $13.00.
• Shares are trading around $8.29 (down ~2.3%), near a 52-week low of $7.20, and Wealthfront last reported quarterly results of $0.21 EPS on $93.22 million in revenue.

Wealthfront (NASDAQ:WLTH - Get Free Report) had its price objective dropped by analysts at Keefe, Bruyette & Woods from $16.50 to $13.50 in a research note issued on Monday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' target price points to a potential upside of 62.79% from the stock's current price.

Several other analysts have also weighed in on the company. Wells Fargo & Company decreased their price target on Wealthfront from $15.50 to $12.50 and set an "overweight" rating on the stock in a report on Thursday. Wall Street Zen raised shares of Wealthfront from a "sell" rating to a "hold" rating in a research note on Friday, January 23rd. Royal Bank Of Canada decreased their price objective on shares of Wealthfront from $17.00 to $14.00 and set an "outperform" rating for the company in a research note on Monday. Zacks Research upgraded Wealthfront to a "hold" rating in a report on Thursday, January 15th. Finally, The Goldman Sachs Group set a $12.00 price objective on Wealthfront in a report on Tuesday, January 20th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.00.

Wealthfront Trading Down 2.3%

Shares of NASDAQ:WLTH traded down $0.20 during trading on Monday, hitting $8.29. 772,945 shares of the company's stock were exchanged, compared to its average volume of 1,455,616. Wealthfront has a 52-week low of $7.20 and a 52-week high of $14.88.

Wealthfront (NASDAQ:WLTH - Get Free Report) last posted its quarterly earnings results on Monday, January 12th. The company reported $0.21 earnings per share for the quarter. The business had revenue of $93.22 million during the quarter.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Sandia Investment Management LP purchased a new position in shares of Wealthfront during the 4th quarter valued at approximately $44,000. Barclays PLC purchased a new position in shares of Wealthfront during the 4th quarter worth $136,000. Symmetry Investments LP acquired a new position in Wealthfront in the 4th quarter valued at about $190,000. Realta Investment Advisors acquired a new stake in shares of Wealthfront during the fourth quarter valued at about $194,000. Finally, Hudson Bay Capital Management LP purchased a new stake in shares of Wealthfront in the 4th quarter valued at approximately $245,000.

About Wealthfront

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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