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

Shares of WisdomTree, Inc. (NYSE:WT) have received an average recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $12.42.

Separately, The Goldman Sachs Group cut their price objective on shares of WisdomTree from $9.75 to $8.50 and set a “sell” rating on the stock in a research report on Monday, April 14th.

WisdomTree Stock Down 0.6%

WisdomTree stock opened at $9.45 on Monday. The company has a quick ratio of 2.13, a current ratio of 2.92 and a debt-to-equity ratio of 1.28. The firm has a market cap of $1.39 billion, a P/E ratio of 30.48 and a beta of 1.07. The business has a fifty day moving average of $8.89 and a two-hundred day moving average of $9.65. WisdomTree has a twelve month low of $7.47 and a twelve month high of $12.45.

WisdomTree (NYSE:WT) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. The firm had revenue of $108.08 million during the quarter, compared to analysts’ expectations of $108.47 million. During the same period in the prior year, the business posted $0.12 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. On average, analysts forecast that WisdomTree will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Wednesday, May 14th. WisdomTree’s dividend payout ratio (DPR) is presently 34.29%.

Hedge Funds Weigh In On WisdomTree

Several hedge funds and other institutional investors have recently bought and sold shares of WT. Quarry LP boosted its stake in shares of WisdomTree by 1,778.5% in the fourth quarter. Quarry LP now owns 2,799 shares of the company’s stock worth $29,000 after buying an additional 2,650 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in WisdomTree by 173.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company’s stock valued at $39,000 after acquiring an additional 2,405 shares during the period. Byrne Asset Management LLC boosted its position in WisdomTree by 114.0% in the 1st quarter. Byrne Asset Management LLC now owns 3,852 shares of the company’s stock worth $34,000 after purchasing an additional 2,052 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of WisdomTree by 60.7% during the 4th quarter. Federated Hermes Inc. now owns 4,705 shares of the company’s stock worth $49,000 after purchasing an additional 1,777 shares during the period. Finally, Versant Capital Management Inc grew its stake in shares of WisdomTree by 310.5% during the 1st quarter. Versant Capital Management Inc now owns 5,263 shares of the company’s stock worth $47,000 after purchasing an additional 3,981 shares during the period. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Company Profile

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.