Shares of WisdomTree, Inc. (NYSE:WT – Get Free Report) have received a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $10.88.
WT has been the subject of a number of research analyst reports. Northland Securities upgraded shares of WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 price target for the company in a report on Wednesday, April 3rd. Morgan Stanley lifted their price target on shares of WisdomTree from $7.75 to $9.25 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. Oppenheimer restated an “outperform” rating and issued a $11.00 price target on shares of WisdomTree in a report on Monday, April 29th. Finally, UBS Group lifted their price objective on WisdomTree from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, April 12th.
WisdomTree Price Performance
Shares of NYSE:WT opened at $10.26 on Friday. WisdomTree has a 52 week low of $6.06 and a 52 week high of $10.34. The company has a 50-day moving average price of $9.70 and a 200 day moving average price of $8.57. The company has a market cap of $1.56 billion, a P/E ratio of 15.09 and a beta of 1.48. The company has a quick ratio of 2.18, a current ratio of 2.95 and a debt-to-equity ratio of 0.65.
WisdomTree (NYSE:WT – Get Free Report) last posted 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 during the quarter, compared to analysts’ expectations of $94.32 million. WisdomTree had a return on equity of 16.31% and a net margin of 29.80%. The company’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period last year, the firm earned $0.07 EPS. Research analysts predict that WisdomTree will post 0.56 earnings per share for the current 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 given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Tuesday, May 7th. WisdomTree’s payout ratio is 17.65%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in WT. CWM LLC grew its holdings in shares of WisdomTree by 85.8% during the second quarter. CWM LLC now owns 2,746 shares of the company’s stock worth $27,000 after buying an additional 1,268 shares in the last quarter. Avior Wealth Management LLC purchased a new stake in WisdomTree in the 4th quarter worth approximately $40,000. Allspring Global Investments Holdings LLC acquired a new position in WisdomTree in the 4th quarter valued at $46,000. Simplex Trading LLC purchased a new position in shares of WisdomTree during the 4th quarter worth $55,000. Finally, Miracle Mile Advisors LLC acquired a new stake in shares of WisdomTree during the fourth quarter worth $69,000. Institutional investors and hedge funds 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.