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

Key Points

• WisdomTree, Inc. has received an average recommendation of "Moderate Buy" from analysts, with four analysts giving buy ratings and three recommending a hold.
• The company's average price target is $12.90, indicating potential upside based on current trading prices.
• WisdomTree recently announced a quarterly dividend of $0.03 per share, reflecting a 0.9% dividend yield and a payout ratio of 30.77%.

Shares of WisdomTree, Inc. (NYSE:WT - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven analysts that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $12.90.

A number of analysts recently issued reports on WT shares. Craig Hallum reissued a "buy" rating on shares of WisdomTree in a report on Monday, August 4th. Northcoast Research raised shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price objective for the company in a report on Wednesday, July 2nd. Morgan Stanley increased their target price on shares of WisdomTree from $9.75 to $11.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 2nd. The Goldman Sachs Group raised shares of WisdomTree from a "sell" rating to a "neutral" rating and increased their target price for the stock from $9.50 to $11.90 in a research note on Friday, June 27th. Finally, Oppenheimer increased their target price on shares of WisdomTree from $12.00 to $15.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd.

Insider Activity at WisdomTree

In other WisdomTree news, COO R Jarrett Lilien sold 25,000 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $13.33, for a total transaction of $333,250.00. Following the sale, the chief operating officer directly owned 1,048,638 shares in the company, valued at approximately $13,978,344.54. The trade was a 2.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.30% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP grew its holdings in shares of WisdomTree by 1,778.5% during the 4th quarter. Quarry LP now owns 2,799 shares of the company's stock worth $29,000 after purchasing an additional 2,650 shares during the period. Byrne Asset Management LLC grew its holdings in shares of WisdomTree by 114.0% during the 1st quarter. Byrne Asset Management LLC now owns 3,852 shares of the company's stock worth $34,000 after purchasing an additional 2,052 shares during the period. Federated Hermes Inc. grew its holdings in shares of WisdomTree by 60.7% during the 4th quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock worth $49,000 after purchasing an additional 1,777 shares during the period. Traub Capital Management LLC purchased a new stake in shares of WisdomTree during the 2nd quarter worth about $58,000. Finally, Versant Capital Management Inc grew its holdings in shares of WisdomTree by 310.5% during the 1st quarter. Versant Capital Management Inc now owns 5,263 shares of the company's stock worth $47,000 after purchasing an additional 3,981 shares during the period. Institutional investors and hedge funds own 78.64% of the company's stock.

WisdomTree Trading Down 1.3%

NYSE WT opened at $13.37 on Friday. The firm has a market cap of $1.97 billion, a PE ratio of 34.28 and a beta of 1.16. WisdomTree has a 52 week low of $7.47 and a 52 week high of $13.79. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 0.82. The company has a 50 day moving average price of $12.17 and a 200 day moving average price of $10.13.

WisdomTree (NYSE:WT - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $112.60 million for the quarter, compared to the consensus estimate of $110.66 million. WisdomTree had a net margin of 16.25% and a return on equity of 25.17%. The business's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 EPS. As a group, sell-side analysts forecast that WisdomTree will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 13th. WisdomTree's payout ratio is presently 30.77%.

About WisdomTree

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.

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