WisdomTree, Inc. (NYSE:WT) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of WisdomTree, Inc. (NYSE:WT - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seven brokerages that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $12.54.

Several research firms recently issued reports on WT. Keefe, Bruyette & Woods cut their price objective on WisdomTree from $12.00 to $10.50 and set a "market perform" rating on the stock in a report on Tuesday, January 14th. Northcoast Research lowered shares of WisdomTree from a "buy" rating to a "neutral" rating in a research note on Thursday, January 2nd.

Insider Buying and Selling

In other WisdomTree news, insider Alexis Marinof sold 90,980 shares of WisdomTree stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $9.87, for a total transaction of $897,972.60. Following the completion of the sale, the insider now directly owns 221,146 shares of the company's stock, valued at $2,182,711.02. The trade was a 29.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 7.80% of the stock is owned by insiders.

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Institutional Investors Weigh In On WisdomTree

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Oppenheimer & Co. Inc. raised its holdings in WisdomTree by 3.1% during the third quarter. Oppenheimer & Co. Inc. now owns 33,500 shares of the company's stock worth $335,000 after purchasing an additional 1,000 shares in the last quarter. Navellier & Associates Inc. raised its stake in WisdomTree by 11.4% during the 4th quarter. Navellier & Associates Inc. now owns 15,226 shares of the company's stock worth $160,000 after acquiring an additional 1,556 shares in the last quarter. Federated Hermes Inc. lifted its position in WisdomTree by 60.7% in the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock valued at $49,000 after acquiring an additional 1,777 shares during the last quarter. EntryPoint Capital LLC boosted its stake in WisdomTree by 6.7% in the fourth quarter. EntryPoint Capital LLC now owns 29,622 shares of the company's stock valued at $311,000 after acquiring an additional 1,870 shares in the last quarter. Finally, Foundry Partners LLC grew its holdings in shares of WisdomTree by 15.9% during the third quarter. Foundry Partners LLC now owns 13,850 shares of the company's stock worth $138,000 after purchasing an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company's stock.

WisdomTree Price Performance

WT traded down $0.11 during trading on Wednesday, reaching $8.68. The company's stock had a trading volume of 3,554,249 shares, compared to its average volume of 1,446,942. The company has a quick ratio of 2.13, a current ratio of 2.92 and a debt-to-equity ratio of 1.28. The firm has a fifty day simple moving average of $9.30 and a two-hundred day simple moving average of $10.10. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 27.98 and a beta of 1.53. WisdomTree has a 1 year low of $7.96 and a 1 year high of $12.45.

WisdomTree (NYSE:WT - Get Free Report) last posted its earnings results on Friday, January 31st. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.02). WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. As a group, analysts anticipate that WisdomTree will post 0.72 EPS for the current year.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.38%. WisdomTree's payout ratio is 38.71%.

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.