WisdomTree (NYSE:WT) Cut to “Hold” at Zacks Research

Zacks Research cut shares of WisdomTree (NYSE:WT) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently commented on WT. Northland Securities set a $19.00 target price on shares of WisdomTree in a research note on Friday, January 23rd. Oppenheimer raised their price objective on shares of WisdomTree from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Monday. The Goldman Sachs Group dropped their target price on shares of WisdomTree from $14.75 to $13.25 and set a “neutral” rating for the company in a report on Tuesday, November 25th. Wall Street Zen upgraded WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Morgan Stanley raised their price target on WisdomTree from $13.50 to $14.75 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, WisdomTree currently has an average rating of “Moderate Buy” and an average target price of $15.80.

WisdomTree Stock Performance

Shares of WT opened at $16.52 on Tuesday. The business has a 50-day simple moving average of $12.92 and a two-hundred day simple moving average of $13.00. The company has a quick ratio of 2.41, a current ratio of 2.82 and a debt-to-equity ratio of 2.16. WisdomTree has a 52 week low of $7.47 and a 52 week high of $17.09. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 25.42 and a beta of 1.08.

WisdomTree (NYSE:WT) last posted its quarterly earnings data on Friday, October 31st. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $125.62 million for the quarter, compared to analysts’ expectations of $122.00 million. WisdomTree had a return on equity of 26.59% and a net margin of 21.10%.The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 EPS. On average, analysts expect that WisdomTree will post 0.72 EPS for the current year.

Insider Buying and Selling at WisdomTree

In other news, insider David M. Yates sold 6,820 shares of WisdomTree stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $11.12, for a total value of $75,838.40. Following the sale, the insider directly owned 152,123 shares of the company’s stock, valued at approximately $1,691,607.76. The trade was a 4.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO R Jarrett Lilien sold 12,500 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $11.01, for a total value of $137,625.00. Following the completion of the sale, the chief operating officer owned 998,638 shares in the company, valued at $10,995,004.38. This represents a 1.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 44,320 shares of company stock worth $507,713. Corporate insiders own 9.30% of the company’s stock.

Institutional Investors Weigh In On WisdomTree

Several large investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB raised its stake in shares of WisdomTree by 27.4% in the third quarter. Nordea Investment Management AB now owns 524,014 shares of the company’s stock valued at $7,284,000 after acquiring an additional 112,542 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in WisdomTree by 311.4% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 133,700 shares of the company’s stock valued at $1,858,000 after purchasing an additional 101,200 shares during the last quarter. Bank of New York Mellon Corp raised its position in WisdomTree by 8.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,425,822 shares of the company’s stock worth $16,411,000 after purchasing an additional 107,076 shares during the period. Creative Planning lifted its stake in WisdomTree by 4.7% in the second quarter. Creative Planning now owns 118,563 shares of the company’s stock worth $1,365,000 after purchasing an additional 5,309 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of WisdomTree during the second quarter valued at approximately $6,206,000. 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.