WisdomTree, Inc. (NYSE:WT) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of WisdomTree, Inc. (NYSE:WT) have received an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $11.96.

A number of brokerages have recently weighed in on WT. Northcoast Research downgraded shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 15th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $12.00 target price (up from $11.00) on shares of WisdomTree in a research note on Monday, July 29th. Oppenheimer raised their target price on WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Craig Hallum boosted their price target on WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, Northland Securities upped their price objective on WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a research report on Monday, July 29th.

Institutional Investors Weigh In On WisdomTree

Hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC grew its holdings in WisdomTree by 85.8% during the 2nd quarter. CWM LLC now owns 2,746 shares of the company’s stock worth $27,000 after acquiring an additional 1,268 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of WisdomTree in the second quarter worth $27,000. Gladius Capital Management LP acquired a new stake in WisdomTree in the second quarter valued at $32,000. Teacher Retirement System of Texas bought a new position in WisdomTree during the 4th quarter worth $94,000. Finally, Bayesian Capital Management LP bought a new position in WisdomTree during the 1st quarter worth $105,000. Institutional investors own 78.64% of the company’s stock.

WisdomTree Price Performance

WisdomTree stock opened at $9.98 on Wednesday. The stock’s fifty day moving average price is $10.11 and its two-hundred day moving average price is $9.74. The firm has a market cap of $1.52 billion, a PE ratio of 14.68 and a beta of 1.43. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.01 and a quick ratio of 2.18. WisdomTree has a one year low of $6.06 and a one year high of $12.02.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, July 26th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $107.03 million during the quarter, compared to the consensus estimate of $103.75 million. WisdomTree had a return on equity of 19.22% and a net margin of 19.72%. As a group, research analysts expect that WisdomTree will post 0.62 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Wednesday, August 7th. WisdomTree’s payout ratio is 17.65%.

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.