WisdomTree, Inc. (NYSE:WT) Receives Average Recommendation of “Moderate Buy” from Analysts

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

Several research firms have weighed in on WT. Northcoast Research lowered shares of WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. UBS Group boosted their price objective on shares of WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods cut their target price on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a report on Tuesday, January 14th.

Insiders Place Their Bets

In related news, CEO Jonathan L. Steinberg bought 67,869 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average price of $10.84 per share, for a total transaction of $735,699.96. Following the transaction, the chief executive officer now directly owns 9,240,707 shares of the company’s stock, valued at approximately $100,169,263.88. This represents a 0.74 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Peter M. Ziemba sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $11.43, for a total transaction of $1,143,000.00. Following the transaction, the insider now directly owns 948,386 shares in the company, valued at approximately $10,840,051.98. The trade was a 9.54 % decrease in their position. The disclosure for this sale can be found here. 7.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Caitlin John LLC lifted its position in WisdomTree by 2.9% in the fourth quarter. Caitlin John LLC now owns 176,052 shares of the company’s stock worth $1,849,000 after purchasing an additional 4,936 shares during the period. Caas Capital Management LP boosted its stake in WisdomTree by 73.8% during the fourth quarter. Caas Capital Management LP now owns 129,184 shares of the company’s stock valued at $1,356,000 after buying an additional 54,863 shares in the last quarter. KBC Group NV grew its holdings in WisdomTree by 48.4% during the fourth quarter. KBC Group NV now owns 7,792 shares of the company’s stock worth $82,000 after acquiring an additional 2,540 shares during the period. Toth Financial Advisory Corp bought a new stake in WisdomTree in the fourth quarter worth about $278,000. Finally, Impact Partnership Wealth LLC lifted its holdings in WisdomTree by 19.2% in the 4th quarter. Impact Partnership Wealth LLC now owns 41,084 shares of the company’s stock valued at $431,000 after acquiring an additional 6,617 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors.

WisdomTree Price Performance

Shares of NYSE WT opened at $9.84 on Tuesday. The company has a current ratio of 2.88, a quick ratio of 2.16 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 33.94 and a beta of 1.49. WisdomTree has a twelve month low of $6.67 and a twelve month high of $12.45. The business has a 50 day simple moving average of $10.71 and a 200-day simple moving average of $10.44.

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.