WisdomTree (NYSE:WT) Cut to Neutral at Northcoast Research

WisdomTree (NYSE:WT - Get Free Report) was downgraded by Northcoast Research from a "buy" rating to a "neutral" rating in a research report issued to clients and investors on Thursday, Marketbeat.com reports.

Separately, UBS Group boosted their target price on shares of WisdomTree from $12.00 to $14.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $12.79.

WisdomTree Stock Performance

Shares of NYSE:WT traded down $0.39 during trading on Thursday, reaching $10.11. The stock had a trading volume of 1,843,644 shares, compared to its average volume of 1,338,908. The stock has a fifty day simple moving average of $11.09 and a two-hundred day simple moving average of $10.45. The company has a quick ratio of 2.16, a current ratio of 2.88 and a debt-to-equity ratio of 1.36. WisdomTree has a 52 week low of $6.57 and a 52 week high of $12.45. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 34.86 and a beta of 1.46.

Insider Transactions at WisdomTree

In other WisdomTree news, CEO Jonathan L. Steinberg acquired 67,869 shares of WisdomTree stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average cost of $10.84 per share, with a total value of $735,699.96. Following the completion of the purchase, the chief executive officer now directly owns 9,240,707 shares of the company's stock, valued at $100,169,263.88. This represents a 0.74 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $11.34, for a total value of $34,020,000.00. Following the transaction, the insider now directly owns 12,250,000 shares of the company's stock, valued at approximately $138,915,000. The trade was a 19.67 % decrease in their position. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On WisdomTree

Several hedge funds and other institutional investors have recently made changes to their positions in WT. Headlands Technologies LLC acquired a new position in shares of WisdomTree in the second quarter valued at approximately $27,000. GAMMA Investing LLC raised its stake in shares of WisdomTree by 76.8% during the third quarter. GAMMA Investing LLC now owns 4,054 shares of the company's stock valued at $40,000 after acquiring an additional 1,761 shares during the last quarter. Park Avenue Securities LLC acquired a new position in shares of WisdomTree during the third quarter worth $105,000. Benjamin Edwards Inc. bought a new stake in shares of WisdomTree in the second quarter worth $115,000. Finally, Foundry Partners LLC acquired a new stake in WisdomTree in the second quarter valued at $118,000. 78.64% of the stock is owned by institutional investors.

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.