WisdomTree (NYSE:WT) Raised to “Buy” at Wall Street Zen

WisdomTree (NYSE:WT) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other equities analysts have also commented on the company. Northland Securities set a $16.00 target price on WisdomTree in a report on Wednesday, September 3rd. The Goldman Sachs Group increased their price target on shares of WisdomTree from $12.25 to $14.50 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Craig Hallum reiterated a “buy” rating on shares of WisdomTree in a research note on Monday, August 4th. Oppenheimer boosted their target price on WisdomTree from $12.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Finally, Weiss Ratings upgraded shares of WisdomTree from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.08.

WisdomTree Trading Down 0.7%

Shares of WT stock opened at $11.58 on Friday. The company has a 50 day moving average price of $13.25 and a 200 day moving average price of $12.00. The stock has a market capitalization of $1.70 billion, a P/E ratio of 29.68 and a beta of 1.17. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.44. WisdomTree has a fifty-two week low of $7.47 and a fifty-two week high of $14.95.

WisdomTree (NYSE:WT) last posted its quarterly earnings data on Friday, October 31st. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. WisdomTree had a return on equity of 25.17% and a net margin of 16.25%.The business had revenue of $125.62 million for the quarter, compared to analyst estimates of $122.00 million. During the same quarter in the prior year, the company earned $0.18 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. Equities research analysts predict that WisdomTree will post 0.72 EPS for the current fiscal year.

Insider Buying and Selling

In other WisdomTree news, COO R Jarrett Lilien sold 12,500 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $13.21, for a total transaction of $165,125.00. Following the transaction, the chief operating officer directly owned 1,036,138 shares in the company, valued at approximately $13,687,382.98. This represents a 1.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 9.30% of the company’s stock.

Institutional Investors Weigh In On WisdomTree

Institutional investors and hedge funds have recently modified their holdings of the company. First Horizon Corp acquired a new position in WisdomTree during the third quarter worth $32,000. Federated Hermes Inc. grew its holdings in WisdomTree by 105.7% in the third quarter. Federated Hermes Inc. now owns 3,011 shares of the company’s stock valued at $42,000 after purchasing an additional 1,547 shares during the last quarter. Traub Capital Management LLC purchased a new position in shares of WisdomTree in the second quarter valued at $58,000. Quarry LP raised its stake in shares of WisdomTree by 112.4% during the 1st quarter. Quarry LP now owns 5,944 shares of the company’s stock worth $53,000 after buying an additional 3,145 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of WisdomTree by 758.2% in the 1st quarter. Russell Investments Group Ltd. now owns 6,986 shares of the company’s stock worth $62,000 after buying an additional 6,172 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Company Profile

WisdomTree, 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.