WisdomTree (NYSE:WT) Stock Rating Lowered by Zacks Research

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

Other research analysts have also issued reports about the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of WisdomTree in a research note on Wednesday, January 21st. The Goldman Sachs Group reduced their price objective 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. Morgan Stanley raised their price target on WisdomTree from $13.50 to $14.75 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. Northland Securities set a $19.00 price target on shares of WisdomTree in a research note on Friday, January 23rd. Finally, Wall Street Zen raised shares of WisdomTree from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.80.

WisdomTree Price Performance

Shares of WisdomTree stock traded down $0.16 during trading hours on Tuesday, reaching $16.80. The company’s stock had a trading volume of 330,052 shares, compared to its average volume of 4,606,276. The firm has a 50 day moving average price of $12.80 and a 200-day moving average price of $12.98. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.82 and a quick ratio of 2.41. The stock has a market cap of $2.36 billion, a P/E ratio of 25.87 and a beta of 1.08. WisdomTree has a one year low of $7.47 and a one year high of $17.09.

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

Insider Activity

In other WisdomTree news, COO R Jarrett Lilien sold 25,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $11.77, for a total value of $294,250.00. Following the completion of the transaction, the chief operating officer directly owned 1,011,138 shares in the company, valued at approximately $11,901,094.26. The trade was a 2.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David M. Yates sold 6,820 shares of the firm’s stock in a transaction dated 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 owned 152,123 shares in the company, valued at $1,691,607.76. This represents a 4.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 44,320 shares of company stock worth $507,713 in the last quarter. 9.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Quarry LP lifted its holdings in shares of WisdomTree by 1,679.0% during the third 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 period. First Horizon Corp acquired a new stake in WisdomTree during the 3rd quarter valued at approximately $32,000. Neo Ivy Capital Management purchased a new stake in shares of WisdomTree in the 3rd quarter valued at $37,000. Flagship Harbor Advisors LLC acquired a new stake in shares of WisdomTree in the fourth quarter worth $36,000. Finally, Federated Hermes Inc. raised its holdings in shares of WisdomTree by 105.7% during the third quarter. Federated Hermes Inc. now owns 3,011 shares of the company’s stock worth $42,000 after purchasing an additional 1,547 shares during the last quarter. 78.64% of the stock is owned by institutional investors and hedge funds.

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.