WisdomTree (NYSE:WT) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

WisdomTree, Inc. (NYSE:WT)’s share price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $19.14 and traded as low as $18.70. WisdomTree shares last traded at $19.0460, with a volume of 4,244,853 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on WT shares. Northland Securities raised their price objective on WisdomTree from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. The Goldman Sachs Group boosted their target price on WisdomTree from $18.30 to $21.30 and gave the company a “neutral” rating in a research note on Friday, October 2nd. Oppenheimer increased their target price on WisdomTree from $22.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, August 26th. Raymond James Financial restated an “outperform” rating and set a $26.00 price target on shares of WisdomTree in a research report on Thursday, August 27th. Finally, Craig Hallum lifted their price target on WisdomTree from $24.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, October 2nd. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, WisdomTree presently has an average rating of “Moderate Buy” and an average price target of $25.72.

WisdomTree Price Performance

The stock has a market cap of $2.95 billion, a PE ratio of 27.40 and a beta of 1.18. The business’s 50-day simple moving average is $22.66 and its 200-day simple moving average is $19.17. The company has a quick ratio of 3.20, a current ratio of 3.54 and a debt-to-equity ratio of 2.38.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, October 30th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. WisdomTree had a net margin of 16.64% and a return on equity of 40.93%. The company had revenue of $179.38 million during the quarter, compared to analyst estimates of $180.68 million. During the same period in the prior year, the business posted $0.23 earnings per share. WisdomTree’s revenue for the quarter was up 42.8% on a year-over-year basis. On average, research analysts expect that WisdomTree, Inc. will post 1.19 EPS for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, November 11th will be issued a $0.03 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $0.12 annualized dividend and a yield of 0.6%. WisdomTree’s dividend payout ratio (DPR) is 16.90%.

Insider Buying and Selling at WisdomTree

In other news, COO R. Jarrett Lilien sold 30,000 shares of WisdomTree stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $24.56, for a total value of $736,800.00. Following the sale, the chief operating officer directly owned 1,080,245 shares in the company, valued at approximately $26,530,817.20. This trade represents a 2.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 10.10% of the company’s stock.

Hedge Funds Weigh In On WisdomTree

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in WisdomTree in the second quarter valued at $326,513,000. Azora Capital LP bought a new position in WisdomTree in the 2nd quarter worth $104,698,000. Bank of America Corp DE bought a new position in WisdomTree in the 2nd quarter worth $33,743,000. Jupiter Topco LLC bought a new position in WisdomTree in the 2nd quarter worth $24,616,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of WisdomTree by 41.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,134,430 shares of the company’s stock worth $60,197,000 after purchasing an additional 1,205,097 shares during the period. Institutional investors own 78.64% of the company’s stock.

WisdomTree Company Profile

WisdomTree, Inc is a financial services company that sponsors and manages exchange-traded funds (ETFs) and exchange-traded products. Its offerings provide access to equities, fixed income, currencies, commodities, alternatives and other asset classes through rules-based investment strategies designed for individual and institutional investors.

The company also provides model portfolios, separately managed accounts and other investment solutions for financial professionals. In addition, WisdomTree has developed products and capabilities related to digital assets and blockchain-enabled financial services, subject to applicable regulatory requirements.

Founded in 1985 and formerly known as WisdomTree Investments, the company launched its first ETFs in 2006 and became known for dividend-focused and fundamentally weighted strategies.