WisdomTree (WT) Projected to Post Earnings on Friday

WisdomTree (NYSE:WT) is anticipated to issue its quarterly earnings data before the market opens on Friday, January 31st. Analysts expect the company to announce earnings of $0.19 per share and revenue of $110.70 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

WisdomTree Stock Performance

WT traded down $0.04 on Tuesday, reaching $9.82. The company had a trading volume of 605,751 shares, compared to its average volume of 2,036,427. The company has a quick ratio of 2.16, a current ratio of 2.88 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $1.43 billion, a PE ratio of 33.81 and a beta of 1.49. WisdomTree has a 1 year low of $6.67 and a 1 year high of $12.45. The stock has a 50-day moving average price of $10.71 and a 200-day moving average price of $10.44.

Insider Activity at WisdomTree

In other WisdomTree news, insider Etfs Capital Limited. sold 3,000,000 shares of the stock in a transaction on Monday, December 2nd. The shares were 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 in the company, valued at $138,915,000. This represents a 19.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Peter M. Ziemba sold 100,000 shares of the 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 transaction, the insider now owns 948,386 shares in the company, valued at $10,840,051.98. This trade represents a 9.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 7.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price target on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. Northcoast Research downgraded shares of WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Finally, UBS Group boosted their price objective on shares of WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $12.54.

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.