WisdomTree (NYSE:WT) Reaches New 1-Year High - Should You Buy?

Key Points

• WisdomTree, Inc. reached a new 52-week high of $14.47 during trading, marking a significant increase from its previous close of $13.83.
• Analysts have provided a range of ratings with four rating the stock as a "Buy" and three as a "Hold," reflecting a Moderate Buy average rating and a price target of $13.56.
• The company recently disclosed a quarterly dividend of $0.03, with a dividend yield of 0.8%, and has shown a quarterly revenue increase of 5.2% year-over-year.

WisdomTree, Inc. (NYSE:WT - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $14.47 and last traded at $14.47, with a volume of 3506301 shares traded. The stock had previously closed at $13.83.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Oppenheimer increased their price target on WisdomTree from $12.00 to $15.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Morgan Stanley increased their price target on WisdomTree from $11.50 to $12.50 and gave the stock an "equal weight" rating in a research report on Monday, August 18th. Northcoast Research upgraded WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price target on the stock in a research report on Wednesday, July 2nd. The Goldman Sachs Group raised WisdomTree from a "sell" rating to a "neutral" rating and increased their price target for the company from $9.50 to $11.90 in a research note on Friday, June 27th. Finally, Craig Hallum reaffirmed a "buy" rating on shares of WisdomTree in a research note on Monday, August 4th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $13.56.

WisdomTree Price Performance

The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 21.26 and a beta of 1.19. The company has a 50 day moving average of $13.41 and a 200 day moving average of $10.88. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 0.82.

WisdomTree (NYSE:WT - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.18 EPS for the quarter, hitting analysts' consensus estimates of $0.18. WisdomTree had a return on equity of 25.17% and a net margin of 16.25%.The business had revenue of $112.60 million during the quarter, compared to analysts' expectations of $110.66 million. During the same quarter last year, the company posted $0.16 earnings per share. WisdomTree's quarterly revenue was up 5.2% on a year-over-year basis. Equities research analysts predict that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, August 13th. WisdomTree's payout ratio is currently 30.77%.

Insider Activity

In other news, COO R Jarrett Lilien sold 12,500 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $13.21, for a total transaction of $165,125.00. Following the completion of the sale, the chief operating officer owned 1,036,138 shares in the company, valued at $13,687,382.98. The trade was a 1.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 9.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On WisdomTree

Institutional investors have recently made changes to their positions in the company. Byrne Asset Management LLC boosted its stake 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 buying an additional 2,052 shares during the period. Versant Capital Management Inc raised its position in WisdomTree by 310.5% during the first 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 in the last quarter. Quarry LP raised its position in WisdomTree by 112.4% during the first quarter. Quarry LP now owns 5,944 shares of the company's stock valued at $53,000 after purchasing an additional 3,145 shares in the last quarter. Traub Capital Management LLC acquired a new position in WisdomTree during the second quarter valued at approximately $58,000. Finally, Russell Investments Group Ltd. raised its position in WisdomTree by 758.2% during the first quarter. Russell Investments Group Ltd. now owns 6,986 shares of the company's stock valued at $62,000 after purchasing an additional 6,172 shares in the last quarter. Institutional investors own 78.64% of the company's stock.

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.