Zacks Research Downgrades WisdomTree (NYSE:WT) to Hold

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

A number of other research firms have also weighed in on WT. Oppenheimer cut their target price on shares of WisdomTree from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Thursday, March 26th. Northland Securities set a $20.00 target price on shares of WisdomTree in a report on Monday, February 2nd. Morgan Stanley lowered their price target on shares of WisdomTree from $16.75 to $16.50 and set an “equal weight” rating on the stock in a research note on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of WisdomTree in a report on Wednesday, January 21st. Finally, The Goldman Sachs Group raised their target price on shares of WisdomTree from $14.00 to $15.50 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.40.

WisdomTree Price Performance

WisdomTree stock opened at $14.47 on Tuesday. The company has a fifty day simple moving average of $15.88 and a 200-day simple moving average of $13.76. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 19.29 and a beta of 1.11. The company has a quick ratio of 1.37, a current ratio of 1.75 and a debt-to-equity ratio of 1.94. WisdomTree has a 52-week low of $7.47 and a 52-week high of $17.68.

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

Insider Activity at WisdomTree

In related news, COO R Jarrett Lilien sold 30,000 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $16.84, for a total transaction of $505,200.00. Following the completion of the sale, the chief operating officer directly owned 1,140,245 shares of the company’s stock, valued at $19,201,725.80. This represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Sowell Financial Services LLC raised its stake in WisdomTree by 6.3% during the 4th quarter. Sowell Financial Services LLC now owns 11,518 shares of the company’s stock valued at $140,000 after purchasing an additional 680 shares during the period. Russell Investments Group Ltd. raised its stake in shares of WisdomTree by 3.9% during the 4th quarter. Russell Investments Group Ltd. now owns 20,605 shares of the company’s stock worth $251,000 after purchasing an additional 778 shares in the last quarter. Cooper Financial Group grew its stake in shares of WisdomTree by 6.6% in the 4th quarter. Cooper Financial Group now owns 12,849 shares of the company’s stock valued at $157,000 after buying an additional 799 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in WisdomTree by 3.4% during the third quarter. Oregon Public Employees Retirement Fund now owns 27,056 shares of the company’s stock valued at $376,000 after acquiring an additional 900 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in WisdomTree by 9.6% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 12,220 shares of the company’s stock worth $170,000 after acquiring an additional 1,068 shares during the period. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Company Profile

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.