WisdomTree, Inc. (NYSE:WT) Receives $10.88 Average Price Target from Brokerages

WisdomTree, Inc. (NYSE:WT) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $10.88.

Several equities analysts recently issued reports on WT shares. UBS Group upped their price objective on shares of WisdomTree from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Northland Securities raised shares of 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. Morgan Stanley upped their price objective on shares of WisdomTree from $7.75 to $9.25 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. Oppenheimer reaffirmed an “outperform” rating and set a $11.00 price target on shares of WisdomTree in a research note on Monday. Finally, Craig Hallum started coverage on shares of WisdomTree in a research note on Wednesday, March 6th. They set a “buy” rating and a $12.00 price target on the stock.

WisdomTree Stock Down 0.2 %

WT stock opened at $8.90 on Friday. The company’s 50 day simple moving average is $8.67 and its 200-day simple moving average is $7.43. The firm has a market capitalization of $1.35 billion, a PE ratio of 13.09 and a beta of 1.49. WisdomTree has a 12 month low of $6.05 and a 12 month high of $9.69. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.95 and a quick ratio of 2.18.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, April 26th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The business had revenue of $96.84 million for the quarter, compared to analyst estimates of $94.32 million. WisdomTree had a net margin of 29.80% and a return on equity of 16.31%. The company’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.07 earnings per share. Equities analysts expect that WisdomTree will post 0.52 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Tuesday, May 7th. WisdomTree’s dividend payout ratio is presently 17.65%.

Insider Activity

In other WisdomTree news, CEO Jonathan L. Steinberg bought 303,781 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average price of $7.20 per share, with a total value of $2,187,223.20. Following the purchase, the chief executive officer now owns 9,172,838 shares in the company, valued at approximately $66,044,433.60. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On WisdomTree

A number of large investors have recently added to or reduced their stakes in WT. Arizona State Retirement System acquired a new stake in WisdomTree during the 3rd quarter valued at $223,000. Jump Financial LLC acquired a new stake in WisdomTree during the 3rd quarter valued at $208,000. Barclays PLC acquired a new position in WisdomTree during the 3rd quarter worth $450,000. New York State Common Retirement Fund acquired a new position in WisdomTree during the 3rd quarter worth $835,000. Finally, Quantbot Technologies LP acquired a new position in WisdomTree during the 3rd quarter worth $26,000. 78.64% of the stock is owned by institutional investors and hedge funds.

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.