WisdomTree (NYSE:WT) Raised to Buy at Wall Street Zen

WisdomTree (NYSE:WT) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Several other research firms also recently issued reports on WT. Weiss Ratings restated a “buy (b-)” rating on shares of WisdomTree in a research report on Wednesday, January 21st. Morgan Stanley set a $16.75 target price on shares of WisdomTree in a report on Tuesday, February 10th. Oppenheimer boosted their price target on shares of WisdomTree from $17.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. Zacks Research raised WisdomTree from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Northland Securities set a $20.00 target price on WisdomTree in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.65.

WisdomTree Price Performance

Shares of NYSE WT opened at $17.11 on Friday. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 22.81 and a beta of 1.09. The stock has a fifty day simple moving average of $15.02 and a two-hundred day simple moving average of $13.49. The company has a current ratio of 1.75, a quick ratio of 1.37 and a debt-to-equity ratio of 1.94. WisdomTree has a 1-year low of $7.47 and a 1-year high of $17.48.

WisdomTree (NYSE:WT) last released its quarterly earnings data on Friday, January 30th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.23 by $0.06. The business had revenue of $147.43 million for the quarter, compared to the consensus estimate of $142.78 million. WisdomTree had a net margin of 22.10% and a return on equity of 30.24%. The company’s revenue was up 33.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.17 earnings per share. Analysts anticipate that WisdomTree will post 0.72 earnings per share for the current year.

Insider Transactions at WisdomTree

In other WisdomTree news, insider David M. Yates sold 6,820 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $11.12, for a total value of $75,838.40. Following the sale, the insider owned 152,123 shares of the company’s stock, valued at $1,691,607.76. This trade represents a 4.29% 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, COO R Jarrett Lilien sold 30,000 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $16.84, for a total transaction of $505,200.00. Following the transaction, the chief operating officer directly owned 1,140,245 shares of the company’s stock, valued at approximately $19,201,725.80. This trade represents a 2.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 9.30% of the company’s stock.

Institutional Trading of WisdomTree

Several institutional investors and hedge funds have recently bought and sold shares of WT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position 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 in the last quarter. Jane Street Group LLC increased its stake in shares of WisdomTree by 379.3% during the first quarter. Jane Street Group LLC now owns 880,977 shares of the company’s stock valued at $7,858,000 after purchasing an additional 697,156 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of WisdomTree by 12.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 905,422 shares of the company’s stock worth $10,421,000 after buying an additional 97,070 shares during the last quarter. Teacher Retirement System of Texas raised its stake in WisdomTree by 10.8% during the second quarter. Teacher Retirement System of Texas now owns 18,928 shares of the company’s stock valued at $218,000 after buying an additional 1,840 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in WisdomTree by 8.1% in the second quarter. Bank of New York Mellon Corp now owns 1,425,822 shares of the company’s stock worth $16,411,000 after acquiring an additional 107,076 shares in the last quarter. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

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.