WisdomTree (NYSE:WT) Rating Lowered to Hold at Wall Street Zen

WisdomTree (NYSE:WT) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other equities analysts also recently issued reports on WT. The Goldman Sachs Group boosted their price objective on WisdomTree from $14.00 to $15.50 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Zacks Research raised WisdomTree from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Oppenheimer boosted their price target on WisdomTree from $17.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Morgan Stanley set a $16.75 price target on WisdomTree in a research note on Tuesday, February 10th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of WisdomTree in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.65.

WisdomTree Trading Down 4.1%

Shares of NYSE:WT opened at $13.29 on Friday. 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 company’s 50-day moving average price is $15.93 and its 200 day moving average price is $13.73. The company has a market cap of $1.88 billion, a PE ratio of 17.71 and a beta of 1.09. WisdomTree has a fifty-two week low of $7.47 and a fifty-two week high of $17.68.

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

Insider Activity

In other WisdomTree news, COO R Jarrett Lilien sold 30,000 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total value of $505,200.00. Following the transaction, the chief operating officer 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 9.30% of the company’s stock.

Institutional Investors Weigh In On WisdomTree

Several large investors have recently modified their holdings of the stock. World Investment Advisors purchased a new stake in shares of WisdomTree during the fourth quarter valued at $128,000. Hsbc Holdings PLC purchased a new position in WisdomTree in the 4th quarter worth about $1,752,000. Caitong International Asset Management Co. Ltd increased its stake in WisdomTree by 216.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,950 shares of the company’s stock worth $36,000 after purchasing an additional 2,017 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in WisdomTree by 37.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 26,425 shares of the company’s stock worth $322,000 after buying an additional 7,223 shares during the period. Finally, XTX Topco Ltd acquired a new stake in WisdomTree during the 4th quarter worth about $611,000. 78.64% of the stock is owned by institutional investors.

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.