WisdomTree (WT) Projected to Post Quarterly Earnings on Friday

WisdomTree (NYSE:WT) is anticipated to release its earnings data before the market opens on Friday, January 31st. Analysts expect WisdomTree to post earnings of $0.19 per share and revenue of $110.70 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

WisdomTree Price Performance

WisdomTree stock traded down $0.04 during trading hours on Tuesday, hitting $9.82. 605,751 shares of the company traded hands, compared to its average volume of 2,036,427. The firm has a market cap of $1.43 billion, a P/E ratio of 33.81 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 firm’s 50-day simple moving average is $10.71 and its two-hundred day simple moving average is $10.44. WisdomTree has a 1-year low of $6.67 and a 1-year high of $12.45.

Insider Activity

In other 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 in the company, valued at approximately $138,915,000. The trade was a 19.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Peter M. Ziemba sold 100,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $11.43, for a total value of $1,143,000.00. Following the sale, the insider now directly owns 948,386 shares of the company’s stock, valued at $10,840,051.98. This represents a 9.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Northcoast Research cut shares of WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. UBS Group raised their target price on shares of WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods decreased their target price on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.54.

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.