WisdomTree, Inc. (NYSE:WT) Given Consensus Recommendation of “Moderate Buy” by Analysts

WisdomTree, Inc. (NYSE:WT) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $12.25.

A number of equities analysts have commented on WT shares. Northcoast Research downgraded shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. Oppenheimer upped their price objective on shares of WisdomTree from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. UBS Group upped their price objective on shares of WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday. Craig Hallum upped their price objective on shares of WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Northland Securities upped their price objective on shares of WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a research report on Monday, July 29th.

Institutional Trading of WisdomTree

Hedge funds and other institutional investors have recently made changes to their positions in the stock. UniSuper Management Pty Ltd acquired a new stake in shares of WisdomTree in the first quarter valued at about $423,000. ClariVest Asset Management LLC acquired a new stake in shares of WisdomTree in the first quarter valued at about $3,840,000. SG Americas Securities LLC lifted its stake in shares of WisdomTree by 588.2% in the second quarter. SG Americas Securities LLC now owns 73,295 shares of the company’s stock valued at $726,000 after purchasing an additional 62,644 shares during the period. Jupiter Asset Management Ltd. purchased a new position in WisdomTree during the 1st quarter valued at about $507,000. Finally, Wellington Management Group LLP increased its holdings in WisdomTree by 3.8% during the 4th quarter. Wellington Management Group LLP now owns 3,897,242 shares of the company’s stock valued at $27,008,000 after acquiring an additional 141,354 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Stock Up 2.1 %

WT stock opened at $10.38 on Friday. The company has a fifty day moving average price of $9.95 and a 200 day moving average price of $9.85. WisdomTree has a 12 month low of $6.06 and a 12 month high of $12.02. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 15.26 and a beta of 1.43. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.01 and a quick ratio of 2.18.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, July 26th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm had revenue of $107.03 million during the quarter, compared to the consensus estimate of $103.75 million. WisdomTree had a net margin of 19.72% and a return on equity of 19.22%. Sell-side analysts expect that WisdomTree will post 0.62 earnings per share for the current year.

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.