WisdomTree, Inc. (NYSE:WT) Receives $12.58 Average Target Price from Analysts

WisdomTree, Inc. (NYSE:WT - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $12.98.

Separately, The Goldman Sachs Group upgraded shares of WisdomTree from a "sell" rating to a "neutral" rating and upped their target price for the company from $9.50 to $11.90 in a report on Friday.

Institutional Trading of WisdomTree

A number of hedge funds have recently bought and sold shares of WT. Quarry LP increased its stake in 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 in the last quarter. Byrne Asset Management LLC raised its stake in WisdomTree by 114.0% during the first quarter. Byrne Asset Management LLC now owns 3,852 shares of the company's stock worth $34,000 after acquiring an additional 2,052 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of WisdomTree by 173.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock valued at $39,000 after purchasing an additional 2,405 shares in the last quarter. Versant Capital Management Inc increased its position in WisdomTree by 310.5% during the 1st quarter. Versant Capital Management Inc now owns 5,263 shares of the company's stock valued at $47,000 after purchasing an additional 3,981 shares during the period. Finally, Federated Hermes Inc. boosted its position in shares of WisdomTree by 60.7% during the 4th quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock valued at $49,000 after purchasing an additional 1,777 shares in the last quarter. 78.64% of the stock is owned by institutional investors.

WisdomTree Stock Performance

WT traded up $0.11 on Friday, reaching $11.53. 2,772,253 shares of the stock were exchanged, compared to its average volume of 1,647,770. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.83 and a quick ratio of 2.79. The company's 50-day moving average price is $9.69 and its 200 day moving average price is $9.45. WisdomTree has a fifty-two week low of $7.47 and a fifty-two week high of $12.45. The firm has a market capitalization of $1.70 billion, a PE ratio of 32.94 and a beta of 1.11.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. WisdomTree had a return on equity of 25.46% and a net margin of 15.77%. The firm had revenue of $108.08 million during the quarter, compared to analysts' expectations of $108.47 million. During the same period in the previous year, the business earned $0.12 earnings per share. The firm's revenue for the quarter was up 11.7% on a year-over-year basis. As a group, sell-side analysts forecast that WisdomTree will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were paid a $0.03 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $0.12 annualized dividend and a dividend yield of 1.04%. WisdomTree's payout ratio is 34.29%.

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.