WisdomTree, Inc. (NYSE:WT) Receives Average Rating of “Moderate Buy” from Analysts

WisdomTree, Inc. (NYSE:WT) has been assigned an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $14.0833.

A number of brokerages have recently issued reports on WT. Oppenheimer lifted their price objective on shares of WisdomTree from $12.00 to $15.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Northcoast Research raised shares of WisdomTree from a “neutral” rating to a “buy” rating and set a $15.00 price target for the company in a report on Wednesday, July 2nd. Morgan Stanley upped their price objective on shares of WisdomTree from $12.50 to $13.50 and gave the company an “equal weight” rating in a report on Monday, October 6th. The Goldman Sachs Group upped their price objective on shares of WisdomTree from $12.25 to $14.50 and gave the company a “neutral” rating in a report on Monday, October 6th. Finally, Weiss Ratings raised shares of WisdomTree from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th.

Insider Buying and Selling

In other WisdomTree news, COO R Jarrett Lilien sold 25,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $13.33, for a total value of $333,250.00. Following the transaction, the chief operating officer directly owned 1,048,638 shares in the company, valued at $13,978,344.54. This represents a 2.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in WT. Seizert Capital Partners LLC acquired a new stake in WisdomTree during the 3rd quarter valued at approximately $156,000. NorthCrest Asset Manangement LLC boosted its stake in WisdomTree by 81.6% during the third quarter. NorthCrest Asset Manangement LLC now owns 31,984 shares of the company’s stock valued at $433,000 after buying an additional 14,373 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of WisdomTree in the 3rd quarter valued at $118,000. Nordea Investment Management AB lifted its stake in WisdomTree by 27.4% in the 3rd quarter. Nordea Investment Management AB now owns 524,014 shares of the company’s stock worth $7,284,000 after acquiring an additional 112,542 shares in the last quarter. Finally, First Horizon Corp purchased a new stake in shares of WisdomTree during the 3rd quarter worth about $32,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Price Performance

Shares of NYSE WT opened at $11.79 on Thursday. WisdomTree has a 1 year low of $7.47 and a 1 year high of $14.95. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.44 and a quick ratio of 1.04. The company’s 50-day moving average is $13.47 and its 200 day moving average is $11.80. The stock has a market capitalization of $1.73 billion, a P/E ratio of 30.22 and a beta of 1.13.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. WisdomTree had a net margin of 16.25% and a return on equity of 25.17%. The business had revenue of $112.60 million for the quarter, compared to the consensus estimate of $110.66 million. During the same period last year, the firm earned $0.16 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts expect that WisdomTree will post 0.72 earnings per share for the current year.

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.