WisdomTree, Inc. (NYSE:WT) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of WisdomTree, Inc. (NYSE:WT - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $10.21.

A number of equities research analysts have issued reports on the company. Northcoast Research upgraded WisdomTree from a "neutral" rating to a "buy" rating and set a $9.00 price target for the company in a research note on Thursday, December 28th. Craig Hallum began coverage on shares of WisdomTree in a report on Wednesday, March 6th. They set a "buy" rating and a $12.00 price objective for the company. Oppenheimer increased their price objective on shares of WisdomTree from $11.00 to $12.00 and gave the company an "outperform" rating in a report on Monday, February 5th. Finally, Northland Securities raised shares of WisdomTree from a "market perform" rating to an "outperform" rating and set a $12.00 price objective for the company in a report on Wednesday.

WisdomTree Price Performance

WT stock traded up $0.59 during trading on Wednesday, reaching $9.63. The company's stock had a trading volume of 2,256,407 shares, compared to its average volume of 1,143,527. WisdomTree has a 1 year low of $5.82 and a 1 year high of $9.65. The company has a quick ratio of 1.66, a current ratio of 2.23 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $1.46 billion, a P/E ratio of 14.82 and a beta of 1.49. The company's fifty day moving average is $7.97 and its 200-day moving average is $7.18.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings results on Friday, February 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. WisdomTree had a return on equity of 15.15% and a net margin of 29.38%. The business had revenue of $90.84 million during the quarter, compared to analyst estimates of $90.32 million. During the same quarter in the prior year, the business posted $0.04 EPS. WisdomTree's revenue for the quarter was up 23.9% compared to the same quarter last year. On average, research analysts expect that WisdomTree will post 0.5 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Tuesday, February 13th. WisdomTree's payout ratio is 18.46%.

Insider Activity at WisdomTree

In other WisdomTree news, CEO Jonathan L. Steinberg purchased 303,781 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was purchased at an average price of $7.20 per share, with a total value of $2,187,223.20. Following the acquisition, the chief executive officer now owns 9,172,838 shares in the company, valued at $66,044,433.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP bought a new stake in WisdomTree in the third quarter worth about $26,000. Avior Wealth Management LLC bought a new stake in WisdomTree in the fourth quarter worth about $40,000. Allspring Global Investments Holdings LLC bought a new stake in WisdomTree in the fourth quarter worth about $46,000. Simplex Trading LLC bought a new stake in WisdomTree in the fourth quarter worth about $55,000. Finally, KBC Group NV purchased a new position in shares of WisdomTree during the third quarter worth approximately $62,000. Institutional investors own 78.64% of the company's stock.

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.