Raymond James Financial Upgrades WisdomTree (NYSE:WT) to Moderate Buy

WisdomTree (NYSE:WT) was upgraded by stock analysts at Raymond James Financial to a “moderate buy” rating in a report released on Tuesday,Zacks.com reports.

WT has been the topic of a number of other reports. Oppenheimer decreased their price target on WisdomTree from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, March 26th. The Goldman Sachs Group increased their price objective on WisdomTree from $14.00 to $15.50 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of WisdomTree in a research report on Wednesday, January 21st. Northland Securities set a $20.00 price objective on WisdomTree in a research report on Monday, February 2nd. Finally, Zacks Research lowered WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, WisdomTree currently has a consensus rating of “Moderate Buy” and an average target price of $17.83.

WisdomTree Stock Down 1.7%

NYSE WT opened at $17.18 on Tuesday. The firm has a market cap of $2.43 billion, a PE ratio of 22.90 and a beta of 1.11. WisdomTree has a one year low of $8.45 and a one year high of $18.78. The stock’s 50 day simple moving average is $15.89 and its 200 day simple moving average is $13.99. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.75 and a quick ratio of 1.37.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, January 30th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. The business had revenue of $147.43 million for the quarter, compared to analyst estimates of $142.78 million. WisdomTree had a return on equity of 30.24% and a net margin of 22.10%.WisdomTree’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.17 EPS. As a group, sell-side analysts forecast that WisdomTree will post 1.04 earnings per share for the current fiscal year.

Insider Activity

In other news, COO R Jarrett Lilien sold 30,000 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total value of $505,200.00. Following the transaction, the chief operating officer directly owned 1,140,245 shares in the company, valued at $19,201,725.80. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP boosted its position in shares of WisdomTree by 1,679.0% in the 3rd quarter. Quarry LP now owns 2,206 shares of the company’s stock worth $31,000 after purchasing an additional 2,082 shares during the last quarter. First Horizon Corp bought a new position in shares of WisdomTree in the 3rd quarter worth $32,000. Caitong International Asset Management Co. Ltd lifted its holdings in WisdomTree by 163.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock worth $30,000 after acquiring an additional 1,521 shares in the last quarter. Quattro Advisors LLC bought a new position in WisdomTree during the fourth quarter worth about $31,000. Finally, Neo Ivy Capital Management bought a new position in WisdomTree during the third quarter worth about $37,000. 78.64% of the stock is currently owned by institutional investors.

WisdomTree Company Profile

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.