Analysts Set WisdomTree, Inc. (NYSE:WT) Target Price at $12.54

Shares of WisdomTree, Inc. (NYSE:WT - Get Free Report) have received a consensus recommendation of "Hold" from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $12.42.

WT has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reduced their target price on shares of 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 report on Thursday, January 2nd. Finally, The Goldman Sachs Group cut their price target on WisdomTree from $9.75 to $8.50 and set a "sell" rating for the company in a report on Monday.

Insider Buying and Selling

In other news, insider Alexis Marinof sold 90,980 shares of the firm's 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 in the company, valued at $2,182,711.02. This trade represents a 29.15 % 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. 7.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On WisdomTree

A number of hedge funds have recently bought and sold shares of the company. Quarry LP boosted its holdings in shares of WisdomTree by 1,778.5% in the 4th quarter. Quarry LP now owns 2,799 shares of the company's stock valued at $29,000 after buying an additional 2,650 shares during the period. Smartleaf Asset Management LLC boosted its position in WisdomTree by 173.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock valued at $39,000 after purchasing an additional 2,405 shares during the period. Byrne Asset Management LLC grew its stake in WisdomTree by 114.0% during the 1st quarter. Byrne Asset Management LLC now owns 3,852 shares of the company's stock worth $34,000 after buying an additional 2,052 shares during the last quarter. Federated Hermes Inc. increased its position in WisdomTree by 60.7% in the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock worth $49,000 after buying an additional 1,777 shares during the period. Finally, Versant Capital Management Inc increased its position in WisdomTree by 310.5% in the first quarter. Versant Capital Management Inc now owns 5,263 shares of the company's stock worth $47,000 after buying an additional 3,981 shares during the period. 78.64% of the stock is currently owned by institutional investors and hedge funds.

WisdomTree Price Performance

WT stock traded up $0.08 on Friday, reaching $8.26. 145,685 shares of the company's stock were exchanged, compared to its average volume of 1,815,002. The firm has a market cap of $1.21 billion, a PE ratio of 26.69 and a beta of 1.26. WisdomTree has a twelve month low of $7.47 and a twelve month high of $12.45. The stock has a fifty day moving average of $8.82 and a 200-day moving average of $9.93. The company has a quick ratio of 2.13, a current ratio of 2.92 and a debt-to-equity ratio of 1.28.

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

WisdomTree Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Wednesday, February 12th. 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.