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GlobeNewsWire
2 days ago
WLTH INVESTOR ALERT: Holzer & Holzer, LLC Investigation of Wealthfront Corp.
ATLANTA, June 16, 2026 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether Wealthfront Corp. (“Wealthfront” or the “Company”) (NASDAQ: WLTH) complied with federal securities laws. On June 4, 2026, Wealthfront announced that financial results for the first fiscal quarter ended April 30, 2026, revealing a year-over-year decline in total net deposits. Wealthfront also reported a year-over-year decline in gross profit margin, which it attributed “in part to start-up expenses associated with Wealthfront Home Lending, higher money movement costs and higher data and other cost of revenue expenses.” The price of the Company's stock dropped following this news.