Wise Group (NASDAQ:WSE) Now Covered by Analysts at Canaccord Genuity Group

Canaccord Genuity Group assumed coverage on shares of Wise Group (NASDAQ:WSE) in a research report issued on Wednesday, Briefing.com reports. The brokerage set a “buy” rating on the stock.

Other equities analysts have also issued research reports about the company. Barclays upgraded Wise Group to a “strong-buy” rating in a research note on Tuesday, July 7th. Weiss Ratings lowered shares of Wise Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 19th. Morgan Stanley started coverage on shares of Wise Group in a report on Monday, June 29th. They set an “equal weight” rating and a $16.10 target price on the stock. William Blair initiated coverage on shares of Wise Group in a research report on Monday, May 11th. They set an “outperform” rating on the stock. Finally, Wall Street Zen raised shares of Wise Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Wise Group has an average rating of “Moderate Buy” and a consensus target price of $16.52.

Wise Group Price Performance

Shares of NASDAQ:WSE opened at $12.94 on Wednesday. The business has a 50 day moving average price of $12.52. Wise Group has a 52-week low of $10.36 and a 52-week high of $17.47. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.17.

Wise Group (NASDAQ:WSE) last issued its earnings results on Thursday, June 25th. The company reported $0.12 earnings per share for the quarter. The firm had revenue of $576.48 million for the quarter. On average, sell-side analysts forecast that Wise Group will post 0.57 EPS for the current fiscal year.

Institutional Investors Weigh In On Wise Group

A number of hedge funds have recently made changes to their positions in WSE. TD Waterhouse Canada Inc. bought a new position in Wise Group in the second quarter worth about $49,000. Two Sigma Securities LLC purchased a new stake in shares of Wise Group during the second quarter valued at about $125,000. Resolute Advisors LLC bought a new stake in shares of Wise Group in the 2nd quarter valued at about $192,000. Corient Private Wealth LP bought a new stake in shares of Wise Group in the 2nd quarter valued at about $251,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Wise Group in the 2nd quarter worth approximately $265,000.

Wise Group Company Profile

Wise Group PLC is a technology company. Its product offering includes Wise Account, Wise Business and Wise Platform. Wise Account is its solution for people with cross-border financial needs. Wise Business offers product along with business-specific functionalities designed to enable business customers. Wise Platform provide financial services for banks, financial institutions and enterprises. Wise Group PLC is based in LONDON, United Kingdom.