Brokerages Set WisdomTree, Inc. (NYSE:WT) Price Target at $10.88

WisdomTree, Inc. (NYSE:WT) has earned an average recommendation of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $10.88.

A number of research analysts have weighed in on the company. Craig Hallum initiated coverage on WisdomTree in a report on Wednesday, March 6th. They issued a “buy” rating and a $12.00 target price on the stock. Morgan Stanley boosted their target price on shares of WisdomTree from $7.75 to $9.25 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. Oppenheimer reiterated an “outperform” rating and issued a $11.00 price target on shares of WisdomTree in a research report on Monday, April 29th. Northland Securities raised shares of WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a research report on Wednesday, April 3rd. Finally, UBS Group upped their price objective on WisdomTree from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, April 12th.

WisdomTree Price Performance

WT opened at $9.89 on Thursday. The company’s 50-day simple moving average is $9.15 and its two-hundred day simple moving average is $7.80. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.18 and a current ratio of 2.95. The stock has a market capitalization of $1.50 billion, a P/E ratio of 14.54 and a beta of 1.48. WisdomTree has a 52-week low of $6.06 and a 52-week high of $9.92.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, April 26th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $96.84 million during the quarter, compared to the consensus estimate of $94.32 million. WisdomTree had a net margin of 29.80% and a return on equity of 16.31%. The firm’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 EPS. As a group, analysts predict that WisdomTree will post 0.56 EPS for the current year.

WisdomTree Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.12 annualized dividend and a dividend yield of 1.21%. WisdomTree’s payout ratio is 17.65%.

Institutional Trading of WisdomTree

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP purchased a new stake in shares of WisdomTree during the 3rd quarter worth approximately $26,000. Avior Wealth Management LLC purchased a new stake in shares of WisdomTree during the 4th quarter valued at about $40,000. Allspring Global Investments Holdings LLC bought a new position in shares of WisdomTree in the 4th quarter valued at about $46,000. Simplex Trading LLC purchased a new position in WisdomTree in the fourth quarter worth about $55,000. Finally, KBC Group NV purchased a new stake in WisdomTree during the third quarter valued at approximately $62,000. Institutional investors own 78.64% of the company’s stock.

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.