WisdomTree, Inc. (NYSE:WT) Given Average Rating of “Moderate Buy” by Analysts

Shares of WisdomTree, Inc. (NYSE:WT) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $17.65.

Several research analysts have recently issued reports on WT shares. Weiss Ratings restated a “buy (b-)” rating on shares of WisdomTree in a report on Wednesday, January 21st. Oppenheimer raised their price target on shares of WisdomTree from $17.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. The Goldman Sachs Group boosted their price objective on shares of WisdomTree from $14.00 to $15.50 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Northland Securities set a $20.00 target price on shares of WisdomTree in a report on Monday, February 2nd. Finally, Morgan Stanley set a $16.75 price target on WisdomTree in a report on Tuesday.

Insider Buying and Selling

In related news, insider David M. Yates sold 6,820 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $11.12, for a total value of $75,838.40. Following the completion of the sale, the insider owned 152,123 shares of the company’s stock, valued at $1,691,607.76. This trade represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO R Jarrett Lilien sold 12,500 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $11.01, for a total transaction of $137,625.00. Following the transaction, the chief operating officer directly owned 998,638 shares in the company, valued at approximately $10,995,004.38. The trade was a 1.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 9.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On WisdomTree

Several hedge funds have recently made changes to their positions in WT. Quarry LP raised its holdings in WisdomTree by 1,679.0% in the third quarter. Quarry LP now owns 2,206 shares of the company’s stock worth $31,000 after purchasing an additional 2,082 shares in the last quarter. First Horizon Corp bought a new position in shares of WisdomTree in the 3rd quarter worth about $32,000. Flagship Harbor Advisors LLC bought a new position in shares of WisdomTree in the 4th quarter worth about $36,000. Hantz Financial Services Inc. lifted its position in WisdomTree by 84.1% during the 4th quarter. Hantz Financial Services Inc. now owns 2,929 shares of the company’s stock valued at $36,000 after acquiring an additional 1,338 shares during the period. Finally, Neo Ivy Capital Management bought a new stake in WisdomTree during the third quarter worth about $37,000. 78.64% of the stock is currently owned by institutional investors.

WisdomTree Stock Performance

NYSE WT opened at $16.05 on Friday. The company has a 50-day simple moving average of $13.83 and a two-hundred day simple moving average of $13.19. WisdomTree has a 12-month low of $7.47 and a 12-month high of $17.09. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 21.39 and a beta of 1.09. The company has a quick ratio of 1.37, a current ratio of 1.75 and a debt-to-equity ratio of 1.94.

WisdomTree (NYSE:WT) last released its earnings results on Friday, January 30th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. WisdomTree had a return on equity of 30.24% and a net margin of 22.10%.The company had revenue of $147.40 million during the quarter, compared to analyst estimates of $142.78 million. During the same quarter in the previous year, the company posted $0.17 EPS. WisdomTree’s revenue for the quarter was up 33.2% on a year-over-year basis. On average, equities analysts forecast that WisdomTree will post 0.72 EPS for the current year.

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $0.12 annualized dividend and a dividend yield of 0.7%. WisdomTree’s payout ratio is 16.00%.

WisdomTree Company Profile

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.