WisdomTree (NYSE:WT) Releases Earnings Results, Hits Estimates

WisdomTree (NYSE:WT - Get Free Report) issued its earnings results on Friday. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16, Zacks reports. The company had revenue of $108.08 million during the quarter, compared to the consensus estimate of $108.47 million. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. WisdomTree's quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 EPS.

WisdomTree Price Performance

WT stock opened at $9.16 on Friday. The stock has a market cap of $1.35 billion, a PE ratio of 29.55 and a beta of 1.26. WisdomTree has a 12 month low of $7.47 and a 12 month high of $12.45. The company has a 50-day moving average price of $8.59 and a 200 day moving average price of $9.82. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28.

Insider Buying and Selling

In other WisdomTree news, insider Alexis Marinof sold 90,980 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $9.87, for a total value of $897,972.60. Following the transaction, the insider now owns 221,146 shares of the company's stock, valued at $2,182,711.02. This represents a 29.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 7.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on WT shares. Keefe, Bruyette & Woods reduced their price objective on shares of WisdomTree from $12.00 to $10.50 and set a "market perform" rating on the stock in a research report on Tuesday, January 14th. The Goldman Sachs Group dropped their price target on WisdomTree from $9.75 to $8.50 and set a "sell" rating for the company in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $12.42.

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.

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