WisdomTree, Inc. (NYSE:WT) Receives $12.54 Average PT from Brokerages

WisdomTree, Inc. (NYSE:WT - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $12.54.

A number of research analysts have commented on the company. UBS Group upped their price target on WisdomTree from $12.00 to $14.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Northcoast Research lowered WisdomTree from a "buy" rating to a "neutral" rating in a research note on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods cut 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 note on Tuesday, January 14th.

WisdomTree Trading Down 1.0 %

Shares of WisdomTree stock traded down $0.10 on Tuesday, reaching $9.76. The company had a trading volume of 1,129,078 shares, compared to its average volume of 2,068,216. The firm's 50 day moving average price is $10.71 and its two-hundred day moving average price is $10.44. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.16 and a current ratio of 2.88. WisdomTree has a 52-week low of $6.67 and a 52-week high of $12.45. The firm has a market cap of $1.43 billion, a PE ratio of 33.64 and a beta of 1.49.

Insider Buying and Selling

In related news, insider Etfs Capital Limited. sold 3,000,000 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $11.34, for a total value of $34,020,000.00. Following the completion of the sale, the insider now directly owns 12,250,000 shares of the company's stock, valued at $138,915,000. The trade was a 19.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 purchased at an average cost of $10.84 per share, for a total transaction of $735,699.96. Following the acquisition, the chief executive officer now owns 9,240,707 shares of the company's stock, valued at approximately $100,169,263.88. The trade was a 0.74 % increase in their position. The disclosure for this purchase can be found here. 7.80% of the stock is owned by insiders.

Hedge Funds Weigh In On WisdomTree

Institutional investors have recently modified their holdings of the business. Azora Capital LP grew its stake in shares of WisdomTree by 12.1% in the 3rd quarter. Azora Capital LP now owns 10,609,577 shares of the company's stock valued at $105,990,000 after purchasing an additional 1,142,151 shares during the last quarter. State Street Corp grew its position in WisdomTree by 7.6% in the 3rd quarter. State Street Corp now owns 5,678,905 shares of the company's stock valued at $56,732,000 after buying an additional 399,839 shares during the last quarter. Geode Capital Management LLC increased its stake in WisdomTree by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,914,051 shares of the company's stock valued at $29,117,000 after buying an additional 93,140 shares during the period. FMR LLC raised its position in WisdomTree by 390.7% during the 3rd quarter. FMR LLC now owns 2,859,073 shares of the company's stock worth $28,562,000 after buying an additional 2,276,452 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of WisdomTree by 21.3% in the 3rd quarter. Victory Capital Management Inc. now owns 2,332,762 shares of the company's stock worth $23,304,000 after acquiring an additional 410,348 shares during the period. 78.64% of the stock is owned by institutional investors and hedge funds.

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.