WisdomTree, Inc. (NYSE:WT) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of WisdomTree, Inc. (NYSE:WTGet Free Report) have received an average rating of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $18.80.

Several equities research analysts have commented on WT shares. Wall Street Zen upgraded shares of WisdomTree from a “hold” rating to a “buy” rating in a research report on Tuesday, May 19th. Weiss Ratings lowered shares of WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Oppenheimer lifted their price target on WisdomTree from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Morgan Stanley set a $18.00 price target on WisdomTree in a research note on Thursday, April 30th. Finally, Northland Securities set a $22.00 price target on WisdomTree in a research note on Tuesday, June 2nd.

Get Our Latest Research Report on WT

Insider Buying and Selling at WisdomTree

In other news, insider David M. Yates sold 15,000 shares of WisdomTree stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $18.06, for a total transaction of $270,900.00. Following the completion of the transaction, the insider owned 157,499 shares of the company’s stock, valued at $2,844,431.94. The trade was a 8.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO R Jarrett Lilien sold 30,000 shares of WisdomTree stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $18.99, for a total value of $569,700.00. Following the transaction, the chief operating officer directly owned 1,110,245 shares of the company’s stock, valued at $21,083,552.55. This trade represents a 2.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 10.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Team Financial Group LLC acquired a new position in shares of WisdomTree during the 1st quarter worth $29,000. Quarry LP raised its stake in WisdomTree by 1,679.0% in the 3rd quarter. Quarry LP now owns 2,206 shares of the company’s stock valued at $31,000 after purchasing an additional 2,082 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in WisdomTree by 163.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock valued at $30,000 after purchasing an additional 1,521 shares during the last quarter. Quattro Advisors LLC acquired a new position in WisdomTree in the 4th quarter valued at about $31,000. Finally, Neo Ivy Capital Management acquired a new position in WisdomTree in the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Price Performance

Shares of NYSE WT opened at $18.46 on Friday. The firm has a market capitalization of $2.82 billion, a P/E ratio of 45.02 and a beta of 1.15. WisdomTree has a one year low of $10.10 and a one year high of $19.85. The company’s fifty day moving average is $17.89 and its two-hundred day moving average is $15.64. The company has a debt-to-equity ratio of 2.37, a quick ratio of 4.18 and a current ratio of 4.57.

WisdomTree (NYSE:WTGet Free Report) last issued its earnings results on Friday, May 1st. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The company had revenue of $159.50 million for the quarter, compared to analyst estimates of $156.96 million. WisdomTree had a net margin of 11.26% and a return on equity of 33.31%. The business’s revenue was up 47.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 EPS. Analysts forecast that WisdomTree will post 1.14 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. WisdomTree’s payout ratio is 29.27%.

About WisdomTree

(Get Free Report)

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.

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Analyst Recommendations for WisdomTree (NYSE:WT)

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