WisdomTree, Inc. (NYSE:WT) Stock Has Average Target Price of $26.05

WisdomTree, Inc. (NYSE:WT) has been given an average recommendation of “Moderate Buy” by the eight analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $26.05.

A number of equities research analysts recently commented on the company. Oppenheimer boosted their target price on WisdomTree from $22.00 to $27.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 26th. Craig Hallum lifted their price target on shares of WisdomTree from $24.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, October 2nd. Northland Securities upped their price objective on WisdomTree from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. The Goldman Sachs Group upped their target price on shares of WisdomTree from $18.30 to $21.30 and gave the stock a “neutral” rating in a research note on Friday, October 2nd. Finally, Zacks Research upgraded WisdomTree from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 28th.

Insider Activity at WisdomTree

In other news, COO R. Jarrett Lilien sold 30,000 shares of the firm’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $24.56, for a total value of $736,800.00. Following the completion of the sale, the chief operating officer owned 1,080,245 shares of the company’s stock, valued at $26,530,817.20. This trade represents a 2.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 10.10% of the company’s stock.

Hedge Funds Weigh In On WisdomTree

Several hedge funds and other institutional investors have recently modified their holdings of WT. Clearstead Trust LLC acquired a new stake in WisdomTree during the 2nd quarter valued at approximately $92,000. Nykredit A S acquired a new stake in shares of WisdomTree during the 2nd quarter valued at about $27,000. Team Financial Group LLC acquired a new stake in WisdomTree in the first quarter valued at approximately $29,000. Transamerica Financial Advisors LLC acquired a new stake in WisdomTree in the 2nd quarter valued at $36,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of WisdomTree by 216.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,950 shares of the company’s stock worth $36,000 after purchasing an additional 2,017 shares in the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Stock Performance

WT stock opened at $21.77 on Thursday. The company has a market cap of $3.30 billion, a P/E ratio of 41.87 and a beta of 1.17. The company has a debt-to-equity ratio of 2.53, a current ratio of 3.00 and a quick ratio of 2.73. The stock’s fifty day moving average price is $23.38 and its 200-day moving average price is $20.24. WisdomTree has a 1 year low of $10.69 and a 1 year high of $25.91.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.05. The business had revenue of $177.16 million for the quarter, compared to analysts’ expectations of $170.62 million. WisdomTree had a net margin of 13.27% and a return on equity of 39.12%. The company’s revenue was up 57.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 EPS. On average, equities analysts forecast that WisdomTree will post 1.20 earnings per share for the current year.

WisdomTree Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Wednesday, August 12th. WisdomTree’s payout ratio is 23.08%.

About WisdomTree

WisdomTree, Inc is a financial services company that sponsors and manages exchange-traded funds (ETFs) and exchange-traded products. Its offerings provide access to equities, fixed income, currencies, commodities, alternatives and other asset classes through rules-based investment strategies designed for individual and institutional investors.

The company also provides model portfolios, separately managed accounts and other investment solutions for financial professionals. In addition, WisdomTree has developed products and capabilities related to digital assets and blockchain-enabled financial services, subject to applicable regulatory requirements.

Founded in 1985 and formerly known as WisdomTree Investments, the company launched its first ETFs in 2006 and became known for dividend-focused and fundamentally weighted strategies.