Wealthfront (NASDAQ:WLTH) Shares Up 11.4% - Still a Buy?

Wealthfront (NASDAQ:WLTH - Get Free Report) shares rose 11.4% during mid-day trading on Friday . The stock traded as high as $8.05 and last traded at $8.02. Approximately 1,677,069 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 1,604,350 shares. The stock had previously closed at $7.20.Analysts Set New Price TargetsA number of equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Wealthfront from a "sell" rating to a "hold" rating in a report on Friday, January 23rd. Zacks Research upgraded shares of Wealthfront to a "hold" rating in a research report on Thursday, January 15th. The Goldman Sachs Group set a $12.00 price objective on Wealthfront in a report on Tuesday, January 20th. Finally, Wells Fargo & Company dropped their target price on Wealthfront from $16.50 to $15.50 and set an "overweight" rating for the company in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.75.Read Our Latest Analysis on WealthfrontWealthfront Price PerformanceWealthfront (NASDAQ:WLTH - Get Free Report) last posted its quarterly earnings data on Monday, January 12th. The company reported $0.21 earnings per share for the quarter. The firm had revenue of $93.22 million for the quarter. Hedge Funds Weigh In On WealthfrontSeveral large investors have recently made changes to their positions in WLTH. Dag Ventures LLC purchased a new position in Wealthfront during the fourth quarter valued at $187,725,000. Index Venture Associates VI Ltd bought a new position in Wealthfront in the 4th quarter worth about $128,567,000. JPMorgan Chase & Co. bought a new stake in Wealthfront during the 4th quarter valued at about $27,725,000. Norges Bank bought a new stake in Wealthfront during the 4th quarter valued at about $13,590,000. Finally, Alyeska Investment Group L.P. bought a new position in shares of Wealthfront in the fourth quarter worth approximately $12,231,000. About Wealthfront (Get Free Report)Wealthfront NASDAQ: WLTH is a technology-driven wealth management firm that provides automated investment services to individual investors. Operating as a robo-advisor, the company uses algorithms and software to construct and manage diversified portfolios largely composed of low-cost exchange-traded funds (ETFs). Its platform is geared toward long-term, goal-based investing with an emphasis on passive strategies, automated rebalancing and straightforward user experience delivered through web and mobile applications. The company’s product suite includes automated portfolio management, tax-loss harvesting and goal-planning tools that help clients set and track financial objectives.See AlsoFive stocks we like better than WealthfrontYour Bank Account Is No Longer SafeNvidia CEO Issues Bold Tesla CallNEW LAW: Congress Approves Setup For Digital Dollar?Buy this Gold Stock Before May 2026What a Former CIA Agent Knows About the Coming CollapseThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Wealthfront Right Now?Before you consider Wealthfront, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wealthfront wasn't on the list.While Wealthfront currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here