WisdomTree, Inc. (NYSE:WT) Receives $12.54 Average Price Target from Analysts

Shares of WisdomTree, Inc. (NYSE:WT) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $12.54.

Several equities analysts recently weighed in on the stock. Northcoast Research cut shares of WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods cut their price target on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a research note on Tuesday, January 14th.

Insiders Place Their Bets

In other WisdomTree news, insider Alexis Marinof sold 90,980 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total value of $897,972.60. Following the transaction, the insider now directly owns 221,146 shares of the company’s stock, valued at $2,182,711.02. This represents a 29.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On WisdomTree

A number of institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in WisdomTree by 21.3% during the 3rd quarter. Victory Capital Management Inc. now owns 2,332,762 shares of the company’s stock worth $23,304,000 after purchasing an additional 410,348 shares during the last quarter. Principal Financial Group Inc. increased its position in WisdomTree by 26.9% during the 3rd quarter. Principal Financial Group Inc. now owns 708,842 shares of the company’s stock worth $7,081,000 after buying an additional 150,257 shares during the period. Dynamic Technology Lab Private Ltd lifted its holdings in shares of WisdomTree by 180.4% during the third quarter. Dynamic Technology Lab Private Ltd now owns 115,289 shares of the company’s stock worth $1,152,000 after buying an additional 74,173 shares in the last quarter. Truist Financial Corp boosted its position in shares of WisdomTree by 142.9% in the fourth quarter. Truist Financial Corp now owns 73,579 shares of the company’s stock valued at $773,000 after acquiring an additional 43,293 shares during the period. Finally, Crawford Fund Management LLC grew its stake in shares of WisdomTree by 34.0% in the third quarter. Crawford Fund Management LLC now owns 499,874 shares of the company’s stock valued at $4,994,000 after acquiring an additional 126,700 shares in the last quarter. Institutional investors own 78.64% of the company’s stock.

WisdomTree Trading Down 1.2 %

WisdomTree stock opened at $8.68 on Wednesday. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 27.98 and a beta of 1.53. The firm has a 50-day moving average of $9.30 and a 200-day moving average of $10.11. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.92 and a quick ratio of 2.13. WisdomTree has a one year low of $7.96 and a one year high of $12.45.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. On average, equities analysts expect that WisdomTree will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Wednesday, February 12th. WisdomTree’s dividend payout ratio (DPR) is presently 38.71%.

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.