WisdomTree (NYSE:WT) Announces Earnings Results

WisdomTree (NYSE:WT) posted its earnings results on Friday. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02), Zacks reports. WisdomTree had a return on equity of 22.91% and a net margin of 14.33%.

WisdomTree Trading Down 0.3 %

Shares of WT stock opened at $9.80 on Friday. The stock has a 50-day simple moving average of $10.55 and a 200 day simple moving average of $10.42. The stock has a market capitalization of $1.43 billion, a P/E ratio of 33.78 and a beta of 1.49. WisdomTree has a fifty-two week low of $6.67 and a fifty-two week high of $12.45. The company has a quick ratio of 2.16, a current ratio of 2.88 and a debt-to-equity ratio of 1.36.

Analyst Upgrades and Downgrades

WT has been the subject of a number of recent analyst reports. Northcoast Research lowered WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. UBS Group raised their price target on WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods cut their price objective on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.54.

Insiders Place Their Bets

In related news, CEO Jonathan L. Steinberg acquired 67,869 shares of WisdomTree stock in a transaction dated Friday, November 8th. The stock was acquired at an average cost of $10.84 per share, with a total value of $735,699.96. Following the purchase, the chief executive officer now directly owns 9,240,707 shares in the company, valued at $100,169,263.88. The trade was a 0.74 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $11.34, for a total value of $34,020,000.00. Following the sale, the insider now directly owns 12,250,000 shares of the company’s stock, valued at approximately $138,915,000. This represents a 19.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.80% of the stock is owned by company insiders.

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.