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

Shares of WisdomTree, Inc. (NYSE:WT) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $20.06.

Several research analysts recently commented on the stock. Oppenheimer raised 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. The Goldman Sachs Group restated a “neutral” rating and issued a $16.80 target price on shares of WisdomTree in a research note on Tuesday, May 5th. Wall Street Zen downgraded shares of WisdomTree from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Weiss Ratings lowered WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a report on Friday, May 8th. Finally, Zacks Research upgraded WisdomTree from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th.

Insider Activity

In other WisdomTree news, COO R Jarrett Lilien sold 30,000 shares of the 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 transaction, the chief operating officer directly owned 1,110,245 shares in the company, valued at $21,083,552.55. This represents a 2.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $270,900.00. Following the transaction, the insider directly owned 157,499 shares in the company, valued at $2,844,431.94. This trade represents a 8.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 10.10% of the company’s stock.

Hedge Funds Weigh In On WisdomTree

Several institutional investors have recently bought and sold shares of WT. Team Financial Group LLC bought a new position in WisdomTree in the first quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of WisdomTree by 163.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock valued at $30,000 after acquiring an additional 1,521 shares during the period. Quarry LP increased its holdings in shares of 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 period. Quattro Advisors LLC bought a new position in shares of WisdomTree in the 4th quarter worth $31,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of WisdomTree during the 4th quarter worth $36,000. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Trading Down 1.7%

WT traded down $0.32 during trading hours on Tuesday, reaching $18.13. 143,641 shares of the company’s stock traded hands, compared to its average volume of 3,549,740. The firm has a 50-day moving average price of $18.26 and a 200 day moving average price of $16.27. The firm has a market capitalization of $2.77 billion, a PE ratio of 44.44 and a beta of 1.18. The company has a quick ratio of 4.18, a current ratio of 4.57 and a debt-to-equity ratio of 2.37. WisdomTree has a 52-week low of $10.69 and a 52-week high of $19.85.

WisdomTree (NYSE:WT) last released its earnings results on Friday, May 1st. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $159.50 million for the quarter, compared to analyst estimates of $156.96 million. WisdomTree had a return on equity of 33.31% and a net margin of 11.26%.The business’s revenue was up 47.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 earnings per share. As a group, sell-side analysts predict that WisdomTree will post 1.15 EPS for the current fiscal year.

WisdomTree Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, May 13th. This represents a $0.12 annualized dividend and a dividend yield of 0.7%. WisdomTree’s dividend payout ratio (DPR) is currently 29.27%.

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.