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

Shares of WisdomTree, Inc. (NYSE:WT - Get Free Report) have earned an average rating of "Moderate Buy" from the six brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $10.88.

A number of equities research analysts recently issued reports on the stock. UBS Group increased their target price on shares of WisdomTree from $9.00 to $12.00 and gave the stock a "buy" rating in a research report on Friday, April 12th. Morgan Stanley increased their target price on shares of WisdomTree from $7.75 to $9.25 and gave the stock an "equal weight" rating in a research report on Wednesday, April 17th. Northland Securities upgraded shares of WisdomTree from a "market perform" rating to an "outperform" rating and set a $12.00 target price for the company in a research report on Wednesday, April 3rd. Craig Hallum assumed coverage on shares of WisdomTree in a research report on Wednesday, March 6th. They set a "buy" rating and a $12.00 target price for the company. Finally, Oppenheimer dropped their target price on shares of WisdomTree from $12.00 to $11.00 and set an "outperform" rating for the company in a research report on Monday, April 22nd.

Insider Transactions at WisdomTree

In other WisdomTree news, CEO Jonathan L. Steinberg purchased 303,781 shares of the stock in a transaction dated Tuesday, February 13th. The stock was bought at an average price of $7.20 per share, for a total transaction of $2,187,223.20. Following the transaction, the chief executive officer now directly owns 9,172,838 shares in the company, valued at $66,044,433.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 7.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On WisdomTree

Several institutional investors have recently modified their holdings of the business. Quantbot Technologies LP bought a new position in WisdomTree during the 3rd quarter worth approximately $26,000. Avior Wealth Management LLC bought a new position in WisdomTree in the fourth quarter valued at approximately $40,000. Allspring Global Investments Holdings LLC bought a new position in WisdomTree in the fourth quarter valued at approximately $46,000. Simplex Trading LLC bought a new position in WisdomTree in the fourth quarter valued at approximately $55,000. Finally, KBC Group NV bought a new position in WisdomTree in the third quarter valued at approximately $62,000. Institutional investors and hedge funds own 78.64% of the company's stock.

WisdomTree Price Performance

Shares of NYSE:WT traded down $0.12 during midday trading on Friday, reaching $8.65. 1,926,566 shares of the company's stock were exchanged, compared to its average volume of 1,232,361. The company's 50 day simple moving average is $8.64 and its two-hundred day simple moving average is $7.42. The firm has a market capitalization of $1.31 billion, a PE ratio of 12.72 and a beta of 1.49. WisdomTree has a 12 month low of $6.05 and a 12 month high of $9.69. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.66 and a current ratio of 2.23.

WisdomTree (NYSE:WT - Get Free Report) last released its quarterly earnings data on Friday, April 26th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. The company had revenue of $96.84 million during the quarter, compared to the consensus estimate of $94.32 million. WisdomTree had a net margin of 29.38% and a return on equity of 15.15%. The firm's revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period last year, the firm earned $0.07 EPS. Equities research analysts expect that WisdomTree will post 0.52 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.39%. The ex-dividend date was Tuesday, February 13th. WisdomTree's payout ratio is presently 17.65%.

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.