WisdomTree, Inc. (NYSE:WT) Receives $18.80 Average PT from Brokerages

Shares of WisdomTree, Inc. (NYSE:WT) have received an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $18.80.

WT has been the subject of a number of research analyst reports. Oppenheimer upped their price target on WisdomTree from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Morgan Stanley set a $18.00 price target on WisdomTree in a report on Thursday, April 30th. Raymond James Financial initiated coverage on WisdomTree in a report on Tuesday, April 21st. They issued an “outperform” rating and a $20.00 price target for the company. Wall Street Zen raised WisdomTree from a “hold” rating to a “buy” rating in a report on Tuesday, May 19th. Finally, Northland Securities set a $22.00 price target on WisdomTree in a report on Tuesday, June 2nd.

WisdomTree Stock Up 0.7%

Shares of NYSE:WT opened at $18.28 on Friday. The company has a debt-to-equity ratio of 2.37, a current ratio of 4.57 and a quick ratio of 4.18. The firm has a market capitalization of $2.80 billion, a PE ratio of 44.59 and a beta of 1.15. The firm’s 50-day moving average is $18.02 and its two-hundred day moving average is $15.74. WisdomTree has a 1 year low of $10.16 and a 1 year high of $19.85.

WisdomTree (NYSE:WT) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. WisdomTree had a return on equity of 33.31% and a net margin of 11.26%.The business had revenue of $159.50 million during the quarter, compared to the consensus estimate of $156.96 million. During the same period in the previous year, the company posted $0.16 earnings per share. The business’s revenue for the quarter was up 47.5% on a year-over-year basis. Analysts predict that WisdomTree will post 1.14 EPS for the current year.

WisdomTree Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. WisdomTree’s dividend payout ratio is presently 29.27%.

Insider Activity at WisdomTree

In other news, COO R Jarrett Lilien sold 30,000 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $18.99, for a total value of $569,700.00. Following the completion of the sale, the chief operating officer directly owned 1,110,245 shares of the company’s stock, valued at approximately $21,083,552.55. This represents a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David M. Yates sold 15,000 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $18.06, for a total value of $270,900.00. Following the sale, the insider directly owned 157,499 shares of the company’s stock, valued at approximately $2,844,431.94. This represents a 8.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 10.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On WisdomTree

Several hedge funds have recently modified their holdings of the stock. Team Financial Group LLC purchased a new position in WisdomTree in the first quarter worth $29,000. Caitong International Asset Management Co. Ltd raised its position in WisdomTree by 163.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock worth $30,000 after acquiring an additional 1,521 shares in the last quarter. Quarry LP raised its position in WisdomTree by 1,679.0% in 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 purchased a new position in WisdomTree in the fourth quarter worth $31,000. Finally, Flagship Harbor Advisors LLC purchased a new position in WisdomTree in the fourth quarter worth $36,000. 78.64% of the stock is owned by institutional investors and hedge funds.

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.