WisdomTree (NYSE:WT) Rating Lowered to Hold at Wall Street Zen

WisdomTree (NYSE:WT) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Several other equities research analysts also recently issued reports on WT. The Goldman Sachs Group lifted their price objective on WisdomTree from $14.00 to $15.50 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Northland Securities set a $20.00 price objective on shares of WisdomTree in a research note on Monday, February 2nd. Oppenheimer raised their price objective on shares of WisdomTree from $17.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Zacks Research upgraded shares of WisdomTree from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Finally, Morgan Stanley set a $16.75 price target on shares of WisdomTree in a research report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.65.

WisdomTree Stock Performance

WisdomTree stock opened at $13.29 on Friday. WisdomTree has a 12-month low of $7.47 and a 12-month high of $17.68. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.75 and a quick ratio of 1.37. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 17.71 and a beta of 1.09. The firm’s fifty day moving average price is $15.93 and its 200 day moving average price is $13.74.

WisdomTree (NYSE:WT) last announced its earnings results on Friday, January 30th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.06. WisdomTree had a return on equity of 30.24% and a net margin of 22.10%.The company had revenue of $147.43 million during the quarter, compared to the consensus estimate of $142.78 million. During the same period last year, the firm earned $0.17 earnings per share. The company’s revenue was up 33.2% on a year-over-year basis. On average, research analysts forecast that WisdomTree will post 0.72 EPS for the current fiscal year.

Insiders Place Their Bets

In other WisdomTree news, COO R Jarrett Lilien sold 30,000 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total transaction of $505,200.00. Following the completion of the transaction, the chief operating officer owned 1,140,245 shares in the company, valued at approximately $19,201,725.80. The trade was a 2.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.30% of the stock is owned by insiders.

Institutional Trading of WisdomTree

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nordea Investment Management AB increased its position in shares of WisdomTree by 27.4% during the 3rd quarter. Nordea Investment Management AB now owns 524,014 shares of the company’s stock valued at $7,284,000 after purchasing an additional 112,542 shares during the period. Principal Financial Group Inc. grew its holdings in WisdomTree by 48.6% during the third quarter. Principal Financial Group Inc. now owns 854,509 shares of the company’s stock worth $11,878,000 after acquiring an additional 279,296 shares during the period. Public Sector Pension Investment Board raised its position in WisdomTree by 18.8% in the third quarter. Public Sector Pension Investment Board now owns 469,086 shares of the company’s stock worth $6,520,000 after acquiring an additional 74,070 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in WisdomTree in the third quarter worth about $1,248,000. Finally, Capitolis Liquid Global Markets LLC bought a new position in shares of WisdomTree during the 3rd quarter valued at about $24,125,000. 78.64% of the stock is currently owned by institutional investors.

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.