Wealthfront (NASDAQ:WLTH - Get Free Report) had its price target cut by investment analysts at Wells Fargo & Company from $12.50 to $12.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Wells Fargo & Company's target price points to a potential upside of 42.86% from the stock's current price.
A number of other analysts also recently issued reports on the company. Zacks Research upgraded Wealthfront to a "hold" rating in a research report on Thursday, January 15th. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $9.50 price objective (down from $13.50) on shares of Wealthfront in a research report on Thursday. The Goldman Sachs Group set a $12.00 target price on shares of Wealthfront in a research note on Tuesday, January 20th. Royal Bank Of Canada cut their price target on shares of Wealthfront from $17.00 to $14.00 and set an "outperform" rating for the company in a research note on Monday. Finally, Wall Street Zen raised shares of Wealthfront from a "sell" rating to a "hold" rating in a report on Friday, January 23rd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $11.88.
View Our Latest Stock Analysis on Wealthfront
Wealthfront Stock Down 5.7%
Shares of WLTH stock opened at $8.40 on Thursday. 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 earnings results on Wednesday, March 11th. The company reported ($1.31) EPS for the quarter, missing the consensus estimate of ($1.24) by ($0.07). The company had revenue of $96.14 million during the quarter, compared to analyst estimates of $91.95 million.
Hedge Funds Weigh In On Wealthfront
A number of large investors have recently modified their holdings of the company. Realta Investment Advisors purchased a new stake in shares of Wealthfront during the fourth quarter valued at approximately $194,000. Teacher Retirement System of Texas bought a new stake in Wealthfront during the 4th quarter valued at $2,310,000. Teachers Retirement System of The State of Kentucky purchased a new stake in Wealthfront during the 4th quarter valued at $453,000. UBS Group AG purchased a new stake in Wealthfront during the 4th quarter valued at $2,243,000. Finally, Wealthfront Advisers LLC bought a new stake in Wealthfront in the 4th quarter worth $326,000.
Key Headlines Impacting Wealthfront
Here are the key news stories impacting Wealthfront this week:
About Wealthfront
(
Get Free Report)
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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