WisdomTree (NYSE:WT) Stock Crosses Below Two Hundred Day Moving Average - What's Next?

Key Points

• WisdomTree shares fell below their 200-day moving average of $19.14, touching $18.70 before last trading at $19.046.
• Quarterly EPS of $0.32 beat the $0.30 consensus, while revenue of $179.38 million fell short of estimates; revenue increased 42.8% year over year.
• Analysts maintain a Moderate Buy consensus with an average price target of $25.72; five rate the stock Buy and three Hold.

WisdomTree, Inc. (NYSE:WT - Get Free Report)'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.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on WT shares. Raymond James Financial reiterated an "outperform" rating and set a $26.00 price target on shares of WisdomTree in a report on Thursday, August 27th. Wall Street Zen downgraded shares of WisdomTree from a "buy" rating to a "hold" rating in a research note on Saturday, October 24th. Zacks Research downgraded shares of WisdomTree from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 27th. Morgan Stanley dropped their target price on WisdomTree from $27.00 to $25.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 28th. Finally, Craig Hallum upped their target price on WisdomTree from $24.00 to $29.00 and gave the company a "buy" rating in a research note on Friday, October 2nd. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, WisdomTree presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.72.

WisdomTree Price Performance

The stock has a market capitalization of $2.89 billion, a PE ratio of 26.83 and a beta of 1.18. The company has a quick ratio of 3.20, a current ratio of 3.54 and a debt-to-equity ratio of 2.38. The stock's 50 day moving average price is $22.77 and its 200-day moving average price is $19.14.

WisdomTree (NYSE:WT - Get Free Report) last posted its quarterly earnings results on Friday, October 30th. The company reported $0.32 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $180.68 million. During the same quarter last year, the firm posted $0.23 EPS. The firm's revenue was up 42.8% compared to the same quarter last year. As a group, equities analysts forecast that WisdomTree, Inc. will post 1.19 EPS for the current year.

WisdomTree Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, November 11th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, November 10th. WisdomTree's dividend payout ratio is currently 16.90%.

Insider Activity at WisdomTree

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in WisdomTree in the second quarter worth $326,513,000. Azora Capital LP acquired a new position in shares of WisdomTree during the second quarter worth $104,698,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of WisdomTree by 41.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,134,430 shares of the company's stock valued at $60,197,000 after purchasing an additional 1,205,097 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of WisdomTree by 556.4% during the 1st quarter. Bank of America Corp DE now owns 2,327,389 shares of the company's stock valued at $33,887,000 after purchasing an additional 1,972,847 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of WisdomTree by 101.8% during the 1st quarter. Principal Financial Group Inc. now owns 2,009,556 shares of the company's stock valued at $29,259,000 after purchasing an additional 1,013,658 shares during the last quarter. 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.

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