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

Shares of WisdomTree, Inc. (NYSE:WT) have received an average rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $10.88.

Several equities research analysts have weighed in on the company. Northland Securities raised WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 price objective on the stock in a research note on Wednesday, April 3rd. UBS Group upped their target price on shares of WisdomTree from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Morgan Stanley increased their price objective on WisdomTree from $7.75 to $9.25 and gave the stock an “equal weight” rating in a research note on Wednesday, April 17th. Finally, Oppenheimer reissued an “outperform” rating and set a $11.00 target price on shares of WisdomTree in a research report on Monday, April 29th.

WisdomTree Price Performance

Shares of NYSE:WT opened at $10.26 on Friday. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 15.09 and a beta of 1.48. WisdomTree has a fifty-two week low of $6.06 and a fifty-two week high of $10.34. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.18 and a current ratio of 2.95. The firm has a fifty day moving average price of $9.70 and a 200 day moving average price of $8.57.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, April 26th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. WisdomTree had a return on equity of 16.31% and a net margin of 29.80%. The company had revenue of $96.84 million for the quarter, compared to the consensus estimate of $94.32 million. During the same period in the previous year, the business earned $0.07 earnings per share. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. As a group, sell-side analysts expect that WisdomTree will post 0.56 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were paid a dividend of $0.03 per share. The ex-dividend date was Tuesday, May 7th. This represents a $0.12 dividend on an annualized basis and a yield of 1.17%. WisdomTree’s payout ratio is 17.65%.

Hedge Funds Weigh In On WisdomTree

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WT. CWM LLC increased its holdings in shares of WisdomTree by 85.8% in the second quarter. CWM LLC now owns 2,746 shares of the company’s stock valued at $27,000 after purchasing an additional 1,268 shares during the period. Avior Wealth Management LLC acquired a new position in WisdomTree in the 4th quarter worth approximately $40,000. Allspring Global Investments Holdings LLC purchased a new position in WisdomTree during the 4th quarter worth approximately $46,000. Simplex Trading LLC acquired a new stake in WisdomTree during the 4th quarter valued at approximately $55,000. Finally, Miracle Mile Advisors LLC purchased a new stake in shares of WisdomTree in the 4th quarter valued at $69,000. Hedge funds and other 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.