WisdomTree, Inc. (NYSE:WT) Receives $12.54 Consensus Price Target from Brokerages

Shares of WisdomTree, Inc. (NYSE:WT) have earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $11.96.

Several equities analysts have issued reports on WT shares. Northcoast Research cut shares of WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. The Goldman Sachs Group dropped their price target on WisdomTree from $9.75 to $8.50 and set a “sell” rating on the stock in a research note on Monday. Finally, Keefe, Bruyette & Woods lowered their target price on WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a report on Tuesday, January 14th.

Insider Activity

In other news, insider Alexis Marinof sold 90,980 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total value of $897,972.60. Following the transaction, the insider now owns 221,146 shares of the company’s stock, valued at approximately $2,182,711.02. The trade was a 29.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 7.80% of the company’s stock.

Institutional Trading of WisdomTree

Hedge funds have recently bought and sold shares of the stock. Quarry LP boosted its stake in WisdomTree by 1,778.5% during the fourth quarter. Quarry LP now owns 2,799 shares of the company’s stock valued at $29,000 after buying an additional 2,650 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of WisdomTree by 173.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company’s stock valued at $39,000 after purchasing an additional 2,405 shares in the last quarter. Versant Capital Management Inc raised its stake in WisdomTree by 310.5% during the first 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. Federated Hermes Inc. lifted its position in WisdomTree by 60.7% during the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company’s stock valued at $49,000 after purchasing an additional 1,777 shares during the last quarter. Finally, Stonebridge Financial Group LLC purchased a new position in shares of WisdomTree in the 4th quarter worth $60,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

WisdomTree Stock Up 0.1 %

NYSE:WT opened at $8.34 on Friday. The firm has a 50-day simple moving average of $8.85 and a two-hundred day simple moving average of $9.94. The firm has a market cap of $1.23 billion, a P/E ratio of 26.89 and a beta of 1.26. WisdomTree has a fifty-two week low of $7.47 and a fifty-two week high of $12.45. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92.

WisdomTree (NYSE:WT) last released its quarterly earnings data on Friday, January 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. Analysts predict 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, February 26th. Investors of record on Wednesday, February 12th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.44%. The ex-dividend date was Wednesday, February 12th. WisdomTree’s dividend payout ratio is currently 38.71%.

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.