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

Shares of WisdomTree, Inc. (NYSE:WT) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $17.25.

WT has been the topic of several recent research reports. Zacks Research downgraded shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. The Goldman Sachs Group upped their price target on shares of WisdomTree from $14.00 to $15.50 and gave the company a “neutral” rating in a research report on Monday. Northland Securities set a $20.00 price target on shares of WisdomTree in a report on Monday. Oppenheimer boosted their price objective on shares of WisdomTree from $17.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Wall Street Zen upgraded WisdomTree from a “hold” rating to a “buy” rating in a report on Saturday, November 8th.

WisdomTree Price Performance

Shares of WT opened at $15.76 on Friday. WisdomTree has a 12-month low of $7.47 and a 12-month high of $17.09. The business has a 50-day simple moving average of $13.52 and a two-hundred day simple moving average of $13.14. The company has a quick ratio of 1.37, a current ratio of 1.75 and a debt-to-equity ratio of 1.94. The stock has a market cap of $2.22 billion, a PE ratio of 21.01 and a beta of 1.09.

WisdomTree (NYSE:WT) last announced its quarterly earnings results on Friday, January 30th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. The firm had revenue of $147.40 million for the quarter, compared to analyst estimates of $142.78 million. WisdomTree had a return on equity of 30.24% and a net margin of 22.10%.The business’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same period last year, the firm posted $0.17 earnings per share. Analysts anticipate that WisdomTree will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, February 11th. WisdomTree’s dividend payout ratio (DPR) is 16.00%.

Insider Buying and Selling

In related news, insider David M. Yates sold 6,820 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $11.12, for a total value of $75,838.40. Following the sale, the insider directly owned 152,123 shares in the company, valued at $1,691,607.76. This represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO R Jarrett Lilien sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $11.77, for a total transaction of $294,250.00. Following the sale, the chief operating officer directly owned 1,011,138 shares of the company’s stock, valued at $11,901,094.26. This represents a 2.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 44,320 shares of company stock worth $507,713. 9.30% of the stock is owned by insiders.

Hedge Funds Weigh In On WisdomTree

A number of hedge funds have recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in WisdomTree by 2.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 456,990 shares of the company’s stock valued at $4,076,000 after acquiring an additional 12,402 shares during the last quarter. Jane Street Group LLC raised its position in shares of WisdomTree by 379.3% in the 1st quarter. Jane Street Group LLC now owns 880,977 shares of the company’s stock worth $7,858,000 after acquiring an additional 697,156 shares in the last quarter. Truist Financial Corp lifted its stake in shares of WisdomTree by 3.7% in the 2nd quarter. Truist Financial Corp now owns 86,237 shares of the company’s stock valued at $993,000 after purchasing an additional 3,085 shares during the period. KLP Kapitalforvaltning AS boosted its position in shares of WisdomTree by 31.8% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 29,400 shares of the company’s stock valued at $338,000 after purchasing an additional 7,100 shares in the last quarter. Finally, Maryland State Retirement & Pension System boosted its position in shares of WisdomTree by 2.3% during the 2nd quarter. Maryland State Retirement & Pension System now owns 34,056 shares of the company’s stock valued at $392,000 after purchasing an additional 778 shares in the last quarter. Institutional investors own 78.64% of the company’s stock.

WisdomTree Company Profile

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.