WisdomTree (NYSE:WT) Cut to Hold at Wall Street Zen

WisdomTree (NYSE:WT) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other equities research analysts also recently issued reports on the company. The Goldman Sachs Group lifted their price objective on WisdomTree from $14.00 to $15.50 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Northland Securities set a $20.00 target price on WisdomTree in a research note on Monday, February 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of WisdomTree in a research report on Wednesday, January 21st. Oppenheimer lifted their price target on shares of WisdomTree from $17.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Finally, Morgan Stanley set a $16.75 price target on shares of WisdomTree in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.65.

WisdomTree Stock Performance

NYSE:WT opened at $13.29 on Friday. The firm has a 50-day moving average of $15.93 and a two-hundred day moving average of $13.73. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.75 and a quick ratio of 1.37. The stock has a market cap of $1.88 billion, a P/E ratio of 17.71 and a beta of 1.09. WisdomTree has a 1-year low of $7.47 and a 1-year high of $17.68.

WisdomTree (NYSE:WT) last announced its earnings results on Friday, January 30th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. WisdomTree had a return on equity of 30.24% and a net margin of 22.10%.The business had revenue of $147.43 million for the quarter, compared to analyst estimates of $142.78 million. During the same period in the previous year, the company earned $0.17 earnings per share. The company’s revenue for the quarter was up 33.2% compared to the same quarter last year. On average, research analysts expect that WisdomTree will post 0.72 earnings per share for the current fiscal year.

Insider Transactions at WisdomTree

In other WisdomTree news, COO R Jarrett Lilien sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $16.84, for a total value of $505,200.00. Following the transaction, the chief operating officer owned 1,140,245 shares of the company’s stock, valued at $19,201,725.80. This trade represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 9.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On WisdomTree

Institutional investors have recently made changes to their positions in the stock. Quarry LP lifted 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 worth $31,000 after purchasing an additional 2,082 shares during the last quarter. First Horizon Corp bought a new position in WisdomTree during the 3rd quarter worth $32,000. Caitong International Asset Management Co. Ltd grew its stake in WisdomTree by 163.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock worth $30,000 after buying an additional 1,521 shares during the last quarter. Quattro Advisors LLC acquired a new stake in WisdomTree in the fourth quarter worth $31,000. Finally, Neo Ivy Capital Management acquired a new stake in WisdomTree in the third quarter worth $37,000. 78.64% of the stock is owned by 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.