Wise (LON:WISE) Stock Price Down 0.9% After Insider Selling

Wise plc (LON:WISE - Get Free Report)'s stock price dropped 0.9% during trading on Thursday after an insider sold shares in the company. The company traded as low as GBX 1,066 ($14.62) and last traded at GBX 1,068 ($14.65). Approximately 1,126,713 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 6,901,451 shares. The stock had previously closed at GBX 1,078 ($14.79).

Specifically, insider Clare Gilmartin sold 48,360 shares of Wise stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of GBX 1,058 ($14.52), for a total value of £511,648.80 ($701,946.49).

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 1,240 ($17.01) price target on shares of Wise in a report on Tuesday, April 15th.

Wise Stock Performance

The company has a market capitalization of £10.89 billion, a price-to-earnings ratio of 32.30, a P/E/G ratio of 1.28 and a beta of 0.75. The company has a 50 day moving average price of GBX 1,053.47 and a 200 day moving average price of GBX 1,025.89. The company has a debt-to-equity ratio of 22.88, a quick ratio of 0.06 and a current ratio of 1.06.

Wise (LON:WISE - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The company reported GBX 40.37 ($0.55) earnings per share (EPS) for the quarter. Wise had a return on equity of 41.22% and a net margin of 25.11%. Equities research analysts predict that Wise plc will post 37.7347752 earnings per share for the current fiscal year.

Wise Company Profile

Wise plc provides cross-border and domestic financial services for personal and business customers in the United Kingdom, rest of Europe, the Asia-Pacific, North America, and internationally. Its product portfolio includes international money transfer, wise account, international debit card, amount transfer, receive money, wise platform, business debit card, and mass payment services.