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

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

Other equities research analysts have also issued research reports about the company. Weiss Ratings lowered WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Morgan Stanley set a $18.00 target price on WisdomTree in a research report on Thursday, April 30th. Zacks Research cut WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Northland Securities set a $22.00 price target on shares of WisdomTree in a research report on Tuesday, June 2nd. Finally, Oppenheimer lifted their price target on shares of WisdomTree from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $18.80.

WisdomTree Stock Down 0.1%

Shares of WisdomTree stock opened at $18.28 on Friday. The business has a 50-day moving average of $18.07 and a 200-day moving average of $15.76. The company has a debt-to-equity ratio of 2.37, a current ratio of 4.57 and a quick ratio of 4.18. The company has a market capitalization of $2.80 billion, a PE ratio of 44.59 and a beta of 1.15. WisdomTree has a 1-year low of $10.16 and a 1-year high of $19.85.

WisdomTree (NYSE:WT) last announced its earnings results on Friday, May 1st. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. WisdomTree had a return on equity of 33.31% and a net margin of 11.26%.The business had revenue of $159.50 million for the quarter, compared to analyst estimates of $156.96 million. During the same period in the previous year, the company earned $0.16 earnings per share. The company’s revenue for the quarter was up 47.5% compared to the same quarter last year. As a group, equities analysts forecast that WisdomTree will post 1.14 EPS for the current fiscal year.

Insider Transactions at WisdomTree

In other news, insider David M. Yates sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $18.06, for a total value of $270,900.00. Following the transaction, the insider directly owned 157,499 shares in the company, valued at approximately $2,844,431.94. This trade represents a 8.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO R Jarrett Lilien sold 30,000 shares of WisdomTree stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $18.99, for a total transaction of $569,700.00. Following the completion of the transaction, the chief operating officer directly owned 1,110,245 shares of the company’s stock, valued at $21,083,552.55. This trade represents a 2.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 10.10% of the company’s stock.

Hedge Funds Weigh In On WisdomTree

A number of large investors have recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of 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 purchasing an additional 12,402 shares during the last quarter. Jane Street Group LLC lifted its holdings 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 purchasing an additional 697,156 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of WisdomTree by 35.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 301,138 shares of the company’s stock worth $3,466,000 after purchasing an additional 78,837 shares during the last quarter. Sei Investments Co. boosted its position in WisdomTree by 722.3% during the 2nd quarter. Sei Investments Co. now owns 93,039 shares of the company’s stock valued at $1,071,000 after purchasing an additional 81,725 shares during the period. Finally, AQR Capital Management LLC boosted its position in WisdomTree by 20.0% during the 2nd quarter. AQR Capital Management LLC now owns 482,313 shares of the company’s stock valued at $5,551,000 after purchasing an additional 80,361 shares during the period. Institutional investors own 78.64% of the company’s stock.

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.