WIZEY Overview

Analyst Recommendation: Berenberg Bank has reiterated a "Buy" recommendation for Wise plc - Depositary Receipt (OTCPK:WIZEY) as of November 6, 2025, with an average one-year price target of $17.09/share, indicating a potential upside of 56.78% from its current price of $10.90/share.

Projected Revenue and EPS: The projected annual revenue for Wise plc is estimated at $1,526 million, reflecting an 11.24% decrease, while the projected non-GAAP EPS is 0.25.

Institutional Ownership Trends: There has been a 25% increase in the number of funds reporting positions in Wise plc, with total shares owned by institutions rising by 2,219.76% to 120,000 shares over the last three months.

Shareholder Activity: Madison Asset Management slightly decreased its holdings, while Rhumbline Advisers and GAMMA Investing increased their shares significantly, with GAMMA's allocation rising by 880.01% over the last quarter.

Wise Plc's U.S. Listing Approval: Wise Plc received shareholder approval for its controversial move to a U.S. primary listing, despite proxy advisory firms missing critical governance issues related to the proposal, which included an extension of dual-class voting rights.

Impact on Governance and Investor Confidence: The approval allows CEO Kristo Käärmann to significantly increase his voting power, raising concerns about institutional oversight quality and due diligence among proxy advisers, which could influence future portfolio management decisions.

Financial Performance: Wise plc reported a FY EPS of 39.73p, with underlying income increasing by 16% YoY to £1.4bn and revenue rising by 15% to £1.2bn, driven by customer growth and higher interest rates.

Customer Growth and Outlook: The company served 15.6 million active customers in FY2025, marking a 21% increase, and expects continued underlying income growth of 15-20% CAGR over the medium term, aiming for a profit margin of 13-16% in FY2026.