WisdomTree (NYSE:WT) Releases Earnings Results, Misses Estimates By $0.02 EPS

WisdomTree (NYSE:WT) announced its quarterly earnings results on Friday. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02), Zacks reports. WisdomTree had a net margin of 14.33% and a return on equity of 22.91%.

WisdomTree Trading Down 0.2 %

Shares of WT stock traded down $0.02 during trading hours on Friday, reaching $9.80. 1,170,122 shares of the stock traded hands, compared to its average volume of 1,974,576. WisdomTree has a 1-year low of $6.67 and a 1-year high of $12.45. The firm has a market capitalization of $1.43 billion, a PE ratio of 33.88 and a beta of 1.49. The company has a quick ratio of 2.16, a current ratio of 2.88 and a debt-to-equity ratio of 1.36. The business has a fifty day moving average price of $10.59 and a 200 day moving average price of $10.42.

Insider Activity

In other WisdomTree news, insider Etfs Capital Limited. sold 3,000,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $11.34, for a total value of $34,020,000.00. Following the sale, the insider now owns 12,250,000 shares of the company’s stock, valued at $138,915,000. The trade was a 19.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jonathan L. Steinberg purchased 67,869 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average cost of $10.84 per share, for a total transaction of $735,699.96. Following the purchase, the chief executive officer now owns 9,240,707 shares in the company, valued at $100,169,263.88. This represents a 0.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 7.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods reduced their price target on WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a report on Tuesday, January 14th. UBS Group upped their price objective on WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Northcoast Research lowered WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.54.

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.