WEX (WEX) News Today

WEX Inc. (NYSE: WEX) shares moved today as investors weighed fresh analyst coverage, updated price targets, insider transactions and shifts in institutional portfolios. The overall tone is mixed, leaving the stock trading modestly lower amid these developments.

• Positive Sentiment: Insider buy: Chair, CEO & President Melissa D. Smith purchased 3,721 shares for an estimated $500,720, signaling confidence in the company’s outlook.
• Positive Sentiment: Hedge funds adding positions: HSBC Holdings added 635,450 shares (+20,412.8%), Balyasny Asset Management added 614,675 shares, Barclays PLC added 596,497 shares and Millennium Management added 357,842 shares to their Q1 2025 portfolios.
• Neutral Sentiment: Analyst coverage initiated: Deutsche Bank Aktiengesellschaft started coverage on WEX with a “hold” rating and a $150 price target, implying about a 2.2% downside from recent levels. Coverage Initiated by Deutsche Bank
• Neutral Sentiment: Mixed price targets: Deutsche Bank’s Ashish Sabadra set $150.0; Jefferies’ Trevor Williams $135.0; UBS’ Nik Cremo $138.0; Wells Fargo’s Andrew Bauch $140.0 and others ranging up to $200.0, for a six-month median of $150.0. New Analyst Forecast: $150 Price Target
• Neutral Sentiment: Benzinga report cites four analysts on WEX, with consensus views ranging from hold to buy but no major upgrades or downgrades. 4 Analysts Have This To Say About WEX
• Negative Sentiment: Institutional trimming: JPMorgan Chase sold 978,510 shares (-47.8%), Bessemer Group cut 645,616 shares (-99.5%) and Vanguard Group reduced holdings by 537,470 shares (-14.2%) in Q1 2025.
• Negative Sentiment: Congressional selling: Members of Congress reported three sales and no purchases of WEX in the past six months, potentially weighing on sentiment.