WisdomTree (NYSE:WT) Lowered to Hold Rating by Zacks Research

WisdomTree (NYSE:WT) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities analysts have also commented on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of WisdomTree in a research note on Wednesday, January 21st. Wall Street Zen raised WisdomTree from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Morgan Stanley upped their price target on WisdomTree from $13.50 to $14.75 and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. Oppenheimer raised their price objective on shares of WisdomTree from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, The Goldman Sachs Group dropped their target price on shares of WisdomTree from $14.75 to $13.25 and set a “neutral” rating on the stock in a research report on Tuesday, November 25th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, WisdomTree currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.80.

WisdomTree Stock Up 2.0%

Shares of WisdomTree stock opened at $16.94 on Tuesday. WisdomTree has a 12-month low of $7.47 and a 12-month high of $17.01. The stock has a market capitalization of $2.38 billion, a P/E ratio of 26.05 and a beta of 1.08. The company has a quick ratio of 2.41, a current ratio of 2.82 and a debt-to-equity ratio of 2.16. The stock has a 50 day moving average price of $12.80 and a two-hundred day moving average price of $12.98.

WisdomTree (NYSE:WT) last posted its quarterly earnings data on Friday, October 31st. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. WisdomTree had a net margin of 21.10% and a return on equity of 26.59%. The business had revenue of $125.62 million during the quarter, compared to the consensus estimate of $122.00 million. During the same period in the prior year, the firm earned $0.18 EPS. WisdomTree’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities analysts expect that WisdomTree will post 0.72 earnings per share for the current year.

Insider Buying and Selling at WisdomTree

In other WisdomTree news, COO R Jarrett Lilien sold 25,000 shares of WisdomTree stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $11.77, for a total transaction of $294,250.00. Following the sale, the chief operating officer owned 1,011,138 shares in the company, valued at $11,901,094.26. The trade was a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David M. Yates sold 6,820 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $11.12, for a total transaction of $75,838.40. Following the completion of the sale, the insider directly owned 152,123 shares in the company, valued at $1,691,607.76. This trade represents a 4.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 44,320 shares of company stock valued at $507,713. 9.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sowell Financial Services LLC raised its holdings in shares of WisdomTree by 6.3% in the 4th quarter. Sowell Financial Services LLC now owns 11,518 shares of the company’s stock worth $140,000 after buying an additional 680 shares in the last quarter. Maryland State Retirement & Pension System grew its position in WisdomTree by 2.3% in the second quarter. Maryland State Retirement & Pension System now owns 34,056 shares of the company’s stock valued at $392,000 after acquiring an additional 778 shares during the period. Cooper Financial Group raised its stake in WisdomTree by 6.6% during the fourth quarter. Cooper Financial Group now owns 12,849 shares of the company’s stock worth $157,000 after acquiring an additional 799 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in WisdomTree by 3.4% during the third quarter. Oregon Public Employees Retirement Fund now owns 27,056 shares of the company’s stock worth $376,000 after acquiring an additional 900 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of WisdomTree by 4.2% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 22,957 shares of the company’s stock valued at $264,000 after acquiring an additional 927 shares during the period. Institutional investors own 78.64% of the company’s stock.

About WisdomTree

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.