Wealthfront (NASDAQ:WLTH) Stock Has Average Target Price of $12.14

Shares of Wealthfront (NASDAQ:WLTH) have earned an average rating of “Hold” from the ten analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $12.14.

A number of research analysts have recently issued reports on WLTH shares. Wells Fargo & Company reduced their price objective on Wealthfront from $12.00 to $11.50 and set an “overweight” rating on the stock in a research note on Tuesday, August 4th. Needham & Company LLC began coverage on Wealthfront in a report on Friday, September 25th. They set a “buy” rating and a $13.00 target price for the company. Wall Street Zen upgraded Wealthfront from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Royal Bank Of Canada lowered their price objective on Wealthfront from $13.00 to $11.00 and set an “outperform” rating for the company in a research report on Thursday, September 10th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Wealthfront in a research note on Monday, July 6th.

Insider Activity

In other Wealthfront news, VP Kal Iyer sold 26,738 shares of the stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $10.11, for a total transaction of $270,321.18. Following the completion of the sale, the vice president owned 232,494 shares of the company’s stock, valued at $2,350,514.34. This represents a 10.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Julien Wetterwald sold 26,138 shares of the firm’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $10.10, for a total transaction of $263,993.80. Following the completion of the sale, the chief technology officer directly owned 696,525 shares in the company, valued at approximately $7,034,902.50. This trade represents a 3.62% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 287,695 shares of company stock valued at $2,957,447. 27.36% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WLTH. Whetstone Capital Advisors LLC boosted its stake in shares of Wealthfront by 10.6% during the 2nd quarter. Whetstone Capital Advisors LLC now owns 604,160 shares of the company’s stock valued at $5,401,000 after purchasing an additional 57,753 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Wealthfront in the second quarter worth about $90,000. Arizona State Retirement System purchased a new stake in Wealthfront in the second quarter worth about $102,000. AXQ Capital LP bought a new stake in Wealthfront during the 2nd quarter valued at approximately $105,000. Finally, ICONIQ Capital LLC purchased a new position in shares of Wealthfront during the 2nd quarter worth approximately $111,000.

Wealthfront Price Performance

Shares of NASDAQ WLTH opened at $10.38 on Monday. The stock has a market capitalization of $1.62 billion and a P/E ratio of -11.16. Wealthfront has a one year low of $7.20 and a one year high of $14.88. The firm’s 50 day simple moving average is $9.62 and its two-hundred day simple moving average is $9.80.

Wealthfront (NASDAQ:WLTH) last announced its quarterly earnings data on Wednesday, September 9th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $91.87 million during the quarter. Wealthfront had a negative net margin of 19.42% and a negative return on equity of 14.62%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. As a group, equities analysts expect that Wealthfront will post 0.41 earnings per share for the current fiscal year.

Wealthfront Company Profile

Wealthfront, Inc is a U.S.-based digital wealth management company that provides automated investing, financial planning and cash management services through an online platform and mobile applications. The company is designed to help individuals manage their finances with technology-driven tools and diversified investment portfolios.

Its offerings have included automated investment accounts, tax-efficient portfolio management, financial planning tools, high-yield cash management products and lending services.