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

WisdomTree, Inc. (NYSE:WT) has earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $10.88.

Several equities analysts have recently issued reports on the company. Northland Securities raised WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 price target for the company in a research report on Wednesday, April 3rd. Oppenheimer dropped their target price on shares of WisdomTree from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Monday, April 22nd. Craig Hallum began coverage on shares of WisdomTree in a research report on Wednesday, March 6th. They set a “buy” rating and a $12.00 price target for the company. Morgan Stanley upped their price objective on WisdomTree from $7.75 to $9.25 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. Finally, UBS Group lifted their target price on WisdomTree from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, April 12th.

Insider Transactions at WisdomTree

In other news, CEO Jonathan L. Steinberg acquired 303,781 shares of WisdomTree stock in a transaction that occurred on Tuesday, February 13th. The stock was bought at an average price of $7.20 per share, for a total transaction of $2,187,223.20. Following the completion of the transaction, the chief executive officer now owns 9,172,838 shares in the company, valued at $66,044,433.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.80% of the company’s stock.

Institutional Trading of WisdomTree

Several large investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new position in WisdomTree in the third quarter worth approximately $26,000. Avior Wealth Management LLC bought a new position in WisdomTree in the 4th quarter worth $40,000. Allspring Global Investments Holdings LLC purchased a new position in WisdomTree during the fourth quarter valued at $46,000. Simplex Trading LLC bought a new stake in WisdomTree during the fourth quarter valued at about $55,000. Finally, KBC Group NV purchased a new stake in WisdomTree in the third quarter worth about $62,000. 78.64% of the stock is currently owned by institutional investors.

WisdomTree Price Performance

Shares of NYSE WT opened at $8.65 on Friday. The company has a 50 day simple moving average of $8.64 and a two-hundred day simple moving average of $7.42. WisdomTree has a fifty-two week low of $6.05 and a fifty-two week high of $9.69. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 13.31 and a beta of 1.49. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.66 and a current ratio of 2.23.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, April 26th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. WisdomTree had a return on equity of 15.15% and a net margin of 29.38%. The company had revenue of $96.84 million for the quarter, compared to the consensus estimate of $94.32 million. During the same quarter in the prior year, the business posted $0.07 EPS. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. Analysts expect that WisdomTree will post 0.52 EPS for the current fiscal year.

WisdomTree Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.12 annualized dividend and a dividend yield of 1.39%. WisdomTree’s payout ratio is 18.46%.

About WisdomTree

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.