WisdomTree, Inc. (NYSE:WT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of WisdomTree, Inc. (NYSE:WT) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $17.65.

WT has been the subject of several recent research reports. Wall Street Zen raised WisdomTree from a “hold” rating to a “buy” rating in a report on Saturday. Morgan Stanley set a $16.75 target price on shares of WisdomTree in a research note on Tuesday, February 10th. Oppenheimer boosted their price target on shares of WisdomTree from $17.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Northland Securities set a $20.00 price objective on WisdomTree in a report on Monday, February 2nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of WisdomTree in a research note on Wednesday, January 21st.

WisdomTree Stock Performance

Shares of WisdomTree stock opened at $17.03 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 1.75 and a debt-to-equity ratio of 1.94. WisdomTree has a 52 week low of $7.47 and a 52 week high of $17.66. The firm’s 50 day moving average is $15.21 and its two-hundred day moving average is $13.54. The firm has a market capitalization of $2.41 billion, a P/E ratio of 22.71 and a beta of 1.09.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, January 30th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. The firm had revenue of $147.43 million for the quarter, compared to the consensus estimate of $142.78 million. WisdomTree had a return on equity of 30.24% and a net margin of 22.10%.The firm’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 EPS. Research analysts forecast that WisdomTree will post 0.72 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $0.12 annualized dividend and a dividend yield of 0.7%. WisdomTree’s payout ratio is 16.00%.

Insiders Place Their Bets

In related news, COO R Jarrett Lilien sold 30,000 shares of the stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $16.84, for a total value of $505,200.00. Following the sale, the chief operating officer directly owned 1,140,245 shares of the company’s stock, valued at approximately $19,201,725.80. This represents a 2.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 9.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its position in WisdomTree by 163.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock worth $30,000 after acquiring an additional 1,521 shares during the last quarter. Quarry LP raised its holdings in WisdomTree by 1,679.0% in the 3rd quarter. Quarry LP now owns 2,206 shares of the company’s stock valued at $31,000 after acquiring an additional 2,082 shares during the last quarter. Quattro Advisors LLC purchased a new position in shares of WisdomTree during the 4th quarter worth $31,000. First Horizon Corp acquired a new stake in shares of WisdomTree during the third quarter worth $32,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of WisdomTree during the fourth quarter worth $36,000. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

About WisdomTree

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.