Wealthfront (NASDAQ:WLTH) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Shares have a consensus Hold rating from nine analysts (1 sell, 4 hold, 4 buy) with an average one‑year target of about $12.17.
• Wealthfront reported a quarterly loss per share of ($1.31), missing the consensus ($1.24) by $0.07, while revenue of $96.14 million topped estimates of $91.95 million.
• Several large institutions initiated or increased stakes in Q4, led by Tiger Global (~$206M), Dag Ventures (~$188M), Index Venture (~$129M), Wellington (~$54M) and T. Rowe Price (~$31M).

Shares of Wealthfront (NASDAQ:WLTH - Get Free Report) have received a consensus rating of "Hold" from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $12.1667.

Several equities research analysts have recently weighed in on WLTH shares. Royal Bank Of Canada decreased their price objective on Wealthfront from $17.00 to $14.00 and set an "outperform" rating for the company in a report on Monday, March 9th. Wall Street Zen raised shares of Wealthfront from a "sell" rating to a "hold" rating in a report on Friday, January 23rd. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $9.50 price target (down from $13.50) on shares of Wealthfront in a research report on Thursday, March 12th. Wells Fargo & Company decreased their price target on shares of Wealthfront from $12.50 to $12.00 and set an "overweight" rating for the company in a research note on Thursday, March 12th. Finally, Zacks Research upgraded shares of Wealthfront to a "hold" rating in a research note on Thursday, January 15th.

Hedge Funds Weigh In On Wealthfront

Several institutional investors have recently added to or reduced their stakes in WLTH. Tiger Global Management LLC acquired a new stake in Wealthfront during the 4th quarter worth approximately $205,982,000. Dag Ventures LLC purchased a new position in shares of Wealthfront in the 4th quarter valued at approximately $187,725,000. Index Venture Associates VI Ltd acquired a new position in shares of Wealthfront in the fourth quarter valued at approximately $128,567,000. Wellington Management Group LLP acquired a new position in shares of Wealthfront in the fourth quarter valued at approximately $54,182,000. Finally, T. Rowe Price Investment Management Inc. purchased a new stake in shares of Wealthfront during the fourth quarter worth approximately $31,136,000.

Wealthfront Stock Performance

WLTH opened at $9.57 on Monday. Wealthfront has a one year low of $7.20 and a one year high of $14.88. The business's 50-day moving average price is $8.51.

Wealthfront (NASDAQ:WLTH - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $91.95 million.

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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