Analysts Set WisdomTree, Inc. (NYSE:WT) Target Price at $13.56

WisdomTree, Inc. (NYSE:WT) has been given an average rating of “Moderate Buy” by the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $13.5571.

Several research analysts have issued reports on the stock. The Goldman Sachs Group upgraded shares of WisdomTree from a “sell” rating to a “neutral” rating and increased their target price for the stock from $9.50 to $11.90 in a report on Friday, June 27th. Northcoast Research upgraded shares of WisdomTree from a “neutral” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Wednesday, July 2nd. Morgan Stanley lifted their price objective on shares of WisdomTree from $11.50 to $12.50 and gave the company an “equal weight” rating in a report on Monday, August 18th. Craig Hallum restated a “buy” rating on shares of WisdomTree in a report on Monday, August 4th. Finally, Oppenheimer increased their target price on WisdomTree from $12.00 to $15.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd.

Insider Activity at WisdomTree

In other news, COO R Jarrett Lilien sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $13.21, for a total value of $165,125.00. Following the sale, the chief operating officer directly owned 1,036,138 shares in the company, valued at approximately $13,687,382.98. This trade represents a 1.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.30% of the company’s stock.

Hedge Funds Weigh In On WisdomTree

Hedge funds have recently modified their holdings of the stock. Byrne Asset Management LLC raised its position in shares of WisdomTree by 114.0% in the 1st quarter. Byrne Asset Management LLC now owns 3,852 shares of the company’s stock valued at $34,000 after purchasing an additional 2,052 shares during the last quarter. Versant Capital Management Inc increased its stake in WisdomTree by 310.5% during the 1st quarter. Versant Capital Management Inc now owns 5,263 shares of the company’s stock valued at $47,000 after purchasing an additional 3,981 shares in the last quarter. Quarry LP raised its holdings in shares of WisdomTree by 112.4% in the first 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. Traub Capital Management LLC acquired a new stake in shares of WisdomTree during the second quarter worth $58,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of WisdomTree by 758.2% during the first quarter. Russell Investments Group Ltd. now owns 6,986 shares of the company’s stock valued at $62,000 after buying an additional 6,172 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Trading Up 1.5%

Shares of NYSE WT opened at $14.33 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 0.82. The business has a fifty day simple moving average of $13.24 and a two-hundred day simple moving average of $10.67. The firm has a market cap of $2.11 billion, a PE ratio of 36.73 and a beta of 1.19. WisdomTree has a twelve month low of $7.47 and a twelve month high of $14.37.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. The business had revenue of $112.60 million for the quarter, compared to the consensus estimate of $110.66 million. WisdomTree had a return on equity of 25.17% and a net margin of 16.25%.The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 EPS. Analysts expect that WisdomTree will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were issued a $0.03 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $0.12 dividend on an annualized basis and a yield of 0.8%. WisdomTree’s payout ratio is currently 30.77%.

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.