WisdomTree (NYSE:WT) Upgraded at Wall Street Zen

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

Other equities analysts have also issued reports about the company. Morgan Stanley decreased their target price on WisdomTree from $16.75 to $16.50 and set an “equal weight” rating for the company in a research report on Wednesday. Zacks Research downgraded shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Weiss Ratings reissued a “buy (b-)” rating on shares of WisdomTree in a research note on Wednesday, January 21st. Northland Securities set a $20.00 price objective on shares of WisdomTree in a report on Monday, February 2nd. Finally, Oppenheimer lowered their target price on shares of WisdomTree from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Thursday, March 26th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, WisdomTree currently has a consensus rating of “Moderate Buy” and an average target price of $17.40.

WisdomTree Stock Performance

WT stock opened at $14.47 on Friday. WisdomTree has a twelve month low of $7.47 and a twelve month high of $17.68. The company has a quick ratio of 1.37, a current ratio of 1.75 and a debt-to-equity ratio of 1.94. The company has a market cap of $2.05 billion, a P/E ratio of 19.29 and a beta of 1.11. The business’s fifty day moving average is $15.81 and its 200-day moving average is $13.77.

WisdomTree (NYSE:WT) last announced its quarterly earnings data on Friday, January 30th. The company reported $0.29 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 during the quarter, compared to analysts’ expectations of $142.78 million. During the same period in the previous year, the firm earned $0.17 earnings per share. The firm’s quarterly revenue was up 33.2% compared to the same quarter last year. Equities research analysts forecast that WisdomTree will post 0.72 EPS for the current year.

Insider Activity at WisdomTree

In other news, COO R Jarrett Lilien sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total transaction of $505,200.00. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.30% of the stock is currently owned by corporate insiders.

Institutional Trading of WisdomTree

Several hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd boosted its holdings in shares of WisdomTree by 163.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock valued at $30,000 after buying an additional 1,521 shares during the period. Quarry LP increased its position in shares of WisdomTree by 1,679.0% during the third quarter. Quarry LP now owns 2,206 shares of the company’s stock worth $31,000 after acquiring an additional 2,082 shares in the last quarter. Quattro Advisors LLC acquired a new stake in shares of WisdomTree during the fourth quarter worth $31,000. First Horizon Corp bought a new stake in WisdomTree in the 3rd quarter valued at $32,000. Finally, Flagship Harbor Advisors LLC bought a new stake in WisdomTree in the 4th quarter valued at $36,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.

WisdomTree Company Profile

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.