WisdomTree (NYSE:WT) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded WisdomTree from “hold” to “strong buy,” while the broader analyst consensus remains “moderate buy” with an average price target of $24.86.
• WisdomTree recently beat quarterly expectations, reporting $0.31 in EPS versus $0.26 expected and revenue of $177.16 million, up 57.3% year over year.
• The stock opened at $24.23, near its 12-month high of $25.91; institutional investors own 78.64% of shares, while COO R. Jarrett Lilien sold 30,000 shares worth approximately $736,800.

WisdomTree (NYSE:WT - Get Free Report) was upgraded by stock analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a note issued to investors on Monday, Zacks reports.

Several other brokerages have also recently weighed in on WT. Morgan Stanley lifted their price target on WisdomTree from $21.00 to $27.00 and gave the company an "equal weight" rating in a research report on Friday. Wall Street Zen upgraded WisdomTree from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Oppenheimer upped their target price on WisdomTree from $22.00 to $27.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 26th. The Goldman Sachs Group lifted their price target on shares of WisdomTree from $16.40 to $18.30 and gave the company a "neutral" rating in a research note on Tuesday, August 4th. Finally, Raymond James Financial reissued an "outperform" rating and issued a $26.00 price target on shares of WisdomTree in a report on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, WisdomTree currently has an average rating of "Moderate Buy" and a consensus price target of $24.86.

WisdomTree Price Performance

NYSE WT opened at $24.23 on Monday. The firm's fifty day simple moving average is $22.72 and its two-hundred day simple moving average is $19.30. The firm has a market capitalization of $3.67 billion, a P/E ratio of 46.59 and a beta of 1.20. The company has a current ratio of 3.00, a quick ratio of 2.73 and a debt-to-equity ratio of 2.53. WisdomTree has a 12-month low of $10.69 and a 12-month high of $25.91.

WisdomTree (NYSE:WT - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.05. The company had revenue of $177.16 million during the quarter, compared to analysts' expectations of $170.62 million. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%.The firm's revenue was up 57.3% compared to the same quarter last year. During the same period last year, the business posted $0.18 earnings per share. Analysts forecast that WisdomTree will post 1.22 EPS for the current fiscal year.

Insider Buying and Selling

In other WisdomTree news, COO R. Jarrett Lilien sold 30,000 shares of the business's stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $24.56, for a total value of $736,800.00. Following the transaction, the chief operating officer directly owned 1,080,245 shares in the company, valued at $26,530,817.20. The trade was a 2.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 10.10% of the stock is owned by company insiders.

Institutional Trading of WisdomTree

Several institutional investors have recently made changes to their positions in the company. Junto Capital Management LP purchased a new position in WisdomTree in the second quarter worth approximately $19,838,000. Nykredit A S acquired a new position in shares of WisdomTree in the 2nd quarter valued at $27,000. Amundi lifted its stake in shares of WisdomTree by 390.5% in the 2nd quarter. Amundi now owns 99,579 shares of the company's stock valued at $1,687,000 after purchasing an additional 79,279 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of WisdomTree during the 2nd quarter worth $1,168,000. Finally, Round Rock Advisors LLC increased its position in shares of WisdomTree by 49.5% during the 2nd quarter. Round Rock Advisors LLC now owns 15,062 shares of the company's stock worth $255,000 after purchasing an additional 4,984 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company's stock.

About WisdomTree

WisdomTree, Inc is a financial services company that operates as an exchange-traded fund (ETF) and exchange-traded product sponsor and asset manager. The company develops and manages investment strategies designed to provide exposure to equities, fixed income, currencies, commodities, alternatives and other asset classes.

Its product offerings include dividend-focused, growth and value ETFs, actively managed funds, currency and commodity products, and funds focused on environmental, social and governance themes.

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