WisdomTree (NYSE:WT – Get Free Report) released its quarterly earnings data on Friday. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02), Zacks reports. WisdomTree had a net margin of 14.33% and a return on equity of 22.91%.
WisdomTree Trading Down 0.2 %
WisdomTree stock traded down $0.02 during trading hours on Friday, reaching $9.80. The company had a trading volume of 1,170,122 shares, compared to its average volume of 1,974,576. The company has a 50-day moving average price of $10.59 and a 200 day moving average price of $10.42. WisdomTree has a 12-month low of $6.67 and a 12-month high of $12.45. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 33.88 and a beta of 1.49. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.88 and a quick ratio of 2.16.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on WT. Northcoast Research lowered shares of WisdomTree from a “buy” rating to a “neutral” rating in a research report on Thursday, January 2nd. UBS Group increased their target price on WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.54.
Insider Transactions at WisdomTree
In other news, insider Etfs Capital Limited. sold 3,000,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $11.34, for a total transaction of $34,020,000.00. Following the transaction, the insider now directly owns 12,250,000 shares of the company’s stock, valued at $138,915,000. This represents a 19.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Peter M. Ziemba sold 100,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $11.43, for a total transaction of $1,143,000.00. Following the sale, the insider now directly owns 948,386 shares of the company’s stock, valued at approximately $10,840,051.98. The trade was a 9.54 % decrease in their position. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by company insiders.
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.
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