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

WisdomTree, Inc. (NYSE:WT) has earned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $10.88.

WT has been the subject of a number of analyst reports. Morgan Stanley increased their target price on shares of WisdomTree from $7.75 to $9.25 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. Northland Securities raised WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a research report on Wednesday, April 3rd. Craig Hallum began coverage on WisdomTree in a research note on Wednesday, March 6th. They set a “buy” rating and a $12.00 target price on the stock. Oppenheimer decreased their price target on WisdomTree from $12.00 to $11.00 and set an “outperform” rating for the company in a research note on Monday, April 22nd. Finally, UBS Group boosted their price target on WisdomTree from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, April 12th.

WisdomTree Stock Down 1.4 %

Shares of NYSE WT opened at $8.65 on Friday. WisdomTree has a 12-month low of $6.05 and a 12-month high of $9.69. The stock’s fifty day simple moving average is $8.64 and its two-hundred day simple moving average is $7.42. The stock has a market capitalization of $1.31 billion, a PE ratio of 13.31 and a beta of 1.49. The company has a current ratio of 2.23, a quick ratio of 1.66 and a debt-to-equity ratio of 0.67.

WisdomTree (NYSE:WT) last announced its earnings results on Friday, April 26th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. WisdomTree had a net margin of 29.38% and a return on equity of 15.15%. The business had revenue of $96.84 million during the quarter, compared to the consensus estimate of $94.32 million. During the same period in the previous year, the company posted $0.07 earnings per share. The firm’s revenue was up 18.0% on a year-over-year basis. As a group, analysts expect that WisdomTree will post 0.52 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.03 per share. The ex-dividend date was Tuesday, February 13th. This represents a $0.12 dividend on an annualized basis and a yield of 1.39%. WisdomTree’s dividend payout ratio is currently 18.46%.

Insider Buying and Selling at WisdomTree

In other WisdomTree news, CEO Jonathan L. Steinberg purchased 303,781 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were bought at an average price of $7.20 per share, for a total transaction of $2,187,223.20. Following the acquisition, the chief executive officer now owns 9,172,838 shares in the company, valued at $66,044,433.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arizona State Retirement System acquired a new stake in WisdomTree during the 3rd quarter worth about $223,000. Jump Financial LLC purchased a new stake in shares of WisdomTree in the third quarter worth about $208,000. Barclays PLC purchased a new position in WisdomTree during the third quarter valued at approximately $450,000. New York State Common Retirement Fund acquired a new position in WisdomTree in the third quarter valued at approximately $835,000. Finally, Quantbot Technologies LP purchased a new stake in WisdomTree in the 3rd quarter worth approximately $26,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.

About WisdomTree

WisdomTree, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.