WisdomTree, Inc. (NYSE:WT) Receives $11.96 Average PT from Analysts

Shares of WisdomTree, Inc. (NYSE:WT) have been given a consensus recommendation of “Moderate Buy” by the seven analysts that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $12.25.

A number of brokerages recently weighed in on WT. Northland Securities lifted their price objective on shares of WisdomTree from $12.00 to $13.50 and gave the company an “outperform” rating in a report on Monday, July 29th. Oppenheimer lifted their price objective on shares of WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Northcoast Research cut shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 15th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $12.00 price objective (up previously from $11.00) on shares of WisdomTree in a report on Monday, July 29th. Finally, UBS Group boosted their price target on shares of WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue boosted its holdings in shares of WisdomTree by 3.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 67,924 shares of the company’s stock valued at $678,000 after buying an additional 2,379 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of WisdomTree by 2.3% in the 3rd quarter. Louisiana State Employees Retirement System now owns 57,500 shares of the company’s stock valued at $574,000 after buying an additional 1,300 shares in the last quarter. Impact Partnership Wealth LLC boosted its holdings in shares of WisdomTree by 3.3% in the 3rd quarter. Impact Partnership Wealth LLC now owns 34,467 shares of the company’s stock valued at $344,000 after buying an additional 1,108 shares in the last quarter. JGP Wealth Management LLC acquired a new position in shares of WisdomTree in the 3rd quarter valued at $118,000. Finally, Tobam boosted its holdings in shares of WisdomTree by 29.5% in the 3rd quarter. Tobam now owns 23,705 shares of the company’s stock valued at $237,000 after buying an additional 5,397 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Price Performance

WisdomTree stock opened at $10.38 on Friday. The company’s 50 day simple moving average is $9.95 and its 200-day simple moving average is $9.85. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 15.26 and a beta of 1.43. WisdomTree has a 1 year low of $6.06 and a 1 year high of $12.02. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.18 and a current ratio of 3.01.

WisdomTree (NYSE:WT) last announced its quarterly earnings data on Friday, July 26th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $107.03 million during the quarter, compared to analysts’ expectations of $103.75 million. WisdomTree had a net margin of 19.72% and a return on equity of 19.22%. As a group, equities research analysts expect that WisdomTree will post 0.62 earnings per share for the current year.

WisdomTree Company Profile

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.