WisdomTree (WT) to Release Quarterly Earnings on Friday

WisdomTree (NYSE:WT) is expected to announce its earnings results before the market opens on Friday, January 31st. Analysts expect the company to announce earnings of $0.19 per share and revenue of $110.70 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

WisdomTree Trading Down 1.0 %

Shares of NYSE:WT opened at $9.76 on Wednesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.16 and a current ratio of 2.88. The stock’s 50-day moving average is $10.67 and its 200-day moving average is $10.43. The company has a market cap of $1.43 billion, a P/E ratio of 33.64 and a beta of 1.49. WisdomTree has a 52-week low of $6.67 and a 52-week high of $12.45.

Insider Activity

In related news, insider Peter M. Ziemba sold 100,000 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $11.43, for a total value of $1,143,000.00. Following the sale, the insider now owns 948,386 shares of the company’s stock, valued at $10,840,051.98. The trade was a 9.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jonathan L. Steinberg acquired 67,869 shares of the company’s stock in a transaction on Friday, November 8th. The shares were bought at an average price of $10.84 per share, with a total value of $735,699.96. Following the completion of the purchase, the chief executive officer now directly owns 9,240,707 shares of the company’s stock, valued at approximately $100,169,263.88. This represents a 0.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Northcoast Research downgraded WisdomTree from a “buy” rating to a “neutral” rating in a research report on Thursday, January 2nd. UBS Group upped their target price on shares of WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods decreased their price target 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. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.54.

About WisdomTree

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.