WisdomTree Investments, Inc. (NASDAQ:WETF)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $6.61, but opened at $6.82. WisdomTree Investments shares last traded at $6.57, with a volume of 4,043 shares traded.
Several equities research analysts have issued reports on the company. Northcoast Research restated a “neutral” rating on shares of WisdomTree Investments in a report on Tuesday, March 23rd. Deutsche Bank Aktiengesellschaft increased their price target on WisdomTree Investments from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Monday, February 1st. They noted that the move was a valuation call. Morgan Stanley upgraded WisdomTree Investments from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $4.75 to $6.75 in a report on Thursday. Credit Suisse Group increased their price objective on WisdomTree Investments from $6.60 to $7.40 and gave the stock an “outperform” rating in a report on Monday, February 1st. Finally, Zacks Investment Research downgraded WisdomTree Investments from a “buy” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.48.
The firm has a 50-day moving average of $6.02 and a 200 day moving average of $4.95. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.52 and a quick ratio of 1.31. The stock has a market capitalization of $978.30 million, a price-to-earnings ratio of -60.13, a PEG ratio of 0.75 and a beta of 1.90.
WisdomTree Investments (NASDAQ:WETF) last issued its quarterly earnings results on Thursday, January 28th. The asset manager reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. WisdomTree Investments had a positive return on equity of 12.32% and a negative net margin of 5.21%. The firm had revenue of $67.10 million during the quarter, compared to analysts’ expectations of $65.47 million. During the same period in the prior year, the firm posted $0.06 earnings per share. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. On average, equities analysts forecast that WisdomTree Investments, Inc. will post 0.22 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 24th. Investors of record on Wednesday, February 10th were given a dividend of $0.03 per share. The ex-dividend date was Tuesday, February 9th. This represents a $0.12 annualized dividend and a yield of 1.84%. WisdomTree Investments’s dividend payout ratio (DPR) is presently 54.55%.
In related news, CFO Amit Muni sold 75,000 shares of the stock in a transaction that occurred on Friday, January 15th. The stock was sold at an average price of $5.33, for a total transaction of $399,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.10% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in WETF. Virtu Financial LLC acquired a new stake in shares of WisdomTree Investments in the third quarter valued at approximately $43,000. Vantage Consulting Group Inc acquired a new stake in shares of WisdomTree Investments in the fourth quarter valued at approximately $61,000. Teacher Retirement System of Texas acquired a new stake in shares of WisdomTree Investments in the fourth quarter valued at approximately $61,000. Profund Advisors LLC acquired a new stake in shares of WisdomTree Investments in the fourth quarter valued at approximately $66,000. Finally, Truist Financial Corp acquired a new stake in shares of WisdomTree Investments in the fourth quarter valued at approximately $82,000. 71.02% of the stock is owned by institutional investors.
About WisdomTree Investments (NASDAQ:WETF)
WisdomTree Investments, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.
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