WisdomTree (NYSE:WT) Hits New 12-Month High - Should You Buy?

WisdomTree, Inc. (NYSE:WT - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $12.89 and last traded at $12.75, with a volume of 158062 shares. The stock had previously closed at $12.67.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on WT shares. Morgan Stanley boosted their price target on shares of WisdomTree from $9.75 to $11.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 2nd. The Goldman Sachs Group raised shares of WisdomTree from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $9.50 to $11.90 in a report on Friday, June 27th. Finally, Northcoast Research raised shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price target on the stock in a report on Wednesday, July 2nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, WisdomTree presently has an average rating of "Moderate Buy" and an average target price of $12.99.

WisdomTree Price Performance

The firm has a fifty day moving average price of $10.70 and a two-hundred day moving average price of $9.64. The stock has a market capitalization of $1.90 billion, a P/E ratio of 36.94 and a beta of 1.14. The company has a quick ratio of 2.79, a current ratio of 3.83 and a debt-to-equity ratio of 1.23.

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

WisdomTree Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Wednesday, May 14th. WisdomTree's dividend payout ratio is presently 34.29%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sheaff Brock Investment Advisors LLC grew its position in shares of WisdomTree by 2.8% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 42,908 shares of the company's stock valued at $383,000 after purchasing an additional 1,155 shares during the period. Federated Hermes Inc. grew its position in shares of WisdomTree by 60.7% in the fourth 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 during the period. EntryPoint Capital LLC grew its position in shares of WisdomTree by 6.7% in the fourth quarter. EntryPoint Capital LLC now owns 29,622 shares of the company's stock valued at $311,000 after purchasing an additional 1,870 shares during the period. Bank of Montreal Can grew its position in shares of WisdomTree by 11.6% in the fourth quarter. Bank of Montreal Can now owns 18,702 shares of the company's stock valued at $196,000 after purchasing an additional 1,951 shares during the period. Finally, Byrne Asset Management LLC grew its position in shares of WisdomTree by 114.0% in the first quarter. Byrne Asset Management LLC now owns 3,852 shares of the company's stock valued at $34,000 after purchasing an additional 2,052 shares during the period. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

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.