Key Points
- Wise Group CFO Emmanuel Francois Je Thomassin sold 6,040 shares at an average price of $11.75, totaling $70,970. The sale covered tax-withholding obligations tied to vested equity awards and reduced his holdings by 55.45% to 4,853 shares.
- Wise Group shares opened at $10.95, near the company’s 52-week low of $10.36 and below its 50-day moving average of $12.18. The company reported quarterly EPS of $0.12 on revenue of $576.48 million, while analysts expect full-year EPS of $0.56.
- Analyst sentiment remains favorable, with an overall “Moderate Buy” rating and an average price target of $16.94, despite one recent downgrade to “sell.” UBS raised its target to $17.25, and several institutional investors recently initiated positions.
Wise Group plc (NASDAQ:WSE - Get Free Report) CFO Emmanuel Francois Je Thomassin sold 6,040 shares of the firm's stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $11.75, for a total value of $70,970.00. Following the transaction, the chief financial officer owned 4,853 shares of the company's stock, valued at $57,022.75. This represents a 55.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Wise Group Stock Down 0.3%
NASDAQ:WSE opened at $10.95 on Tuesday. Wise Group plc has a 1 year low of $10.36 and a 1 year high of $17.47. The business has a 50 day moving average price of $12.18. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.07 and a current ratio of 1.07.
Wise Group (NASDAQ:WSE - Get Free Report) last posted its earnings results on Thursday, June 25th. The company reported $0.12 EPS for the quarter. The firm had revenue of $576.48 million for the quarter. Analysts expect that Wise Group plc will post 0.56 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on WSE. UBS Group upped their price target on shares of Wise Group from $16.00 to $17.25 and gave the company a "buy" rating in a research note on Tuesday, October 13th. Canaccord Genuity Group initiated coverage on shares of Wise Group in a research report on Wednesday, September 2nd. They set a "buy" rating for the company. Barclays raised shares of Wise Group to a "strong-buy" rating in a research note on Tuesday, July 7th. Morgan Stanley initiated coverage on shares of Wise Group in a research note on Monday, June 29th. They issued an "equal weight" rating and a $16.10 price objective for the company. Finally, Wall Street Zen downgraded shares of Wise Group from a "hold" rating to a "sell" rating in a report on Saturday. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $16.94.
View Our Latest Analysis on Wise Group
Institutional Investors Weigh In On Wise Group
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WSE. TD Waterhouse Canada Inc. bought a new stake in shares of Wise Group in the 2nd quarter valued at approximately $49,000. Versant Capital Management Inc purchased a new stake in Wise Group during the 3rd quarter valued at $114,000. Two Sigma Securities LLC purchased a new stake in Wise Group during the 2nd quarter valued at $125,000. Resolute Advisors LLC bought a new stake in Wise Group in the second quarter worth $192,000. Finally, jvl associates llc bought a new stake in Wise Group in the third quarter worth $230,000.
Wise Group Company Profile
(
Get Free Report)
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.
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