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

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

WT has been the topic of a number of other reports. Wall Street Zen lowered shares of WisdomTree from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Raymond James Financial initiated coverage on WisdomTree in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $20.00 price objective on the stock. The Goldman Sachs Group reissued a “neutral” rating and set a $16.80 target price on shares of WisdomTree in a research note on Tuesday, May 5th. Weiss Ratings downgraded shares of WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Finally, Northland Securities set a $22.00 price objective on WisdomTree in a report on Tuesday, June 2nd. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, WisdomTree presently has an average rating of “Hold” and an average price target of $20.06.

WisdomTree Trading Down 1.6%

Shares of NYSE WT opened at $19.40 on Monday. WisdomTree has a 1-year low of $10.69 and a 1-year high of $21.23. The company has a debt-to-equity ratio of 2.37, a current ratio of 4.57 and a quick ratio of 4.18. The business’s 50 day moving average is $18.68 and its two-hundred day moving average is $17.07. The stock has a market capitalization of $2.97 billion, a P/E ratio of 47.32 and a beta of 1.18.

WisdomTree (NYSE:WT) last released its earnings results on Friday, May 1st. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The firm had revenue of $159.50 million for the quarter, compared to the consensus estimate of $156.96 million. WisdomTree had a return on equity of 33.31% and a net margin of 11.26%.The company’s revenue for the quarter was up 47.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS. As a group, research analysts expect that WisdomTree will post 1.14 EPS for the current year.

Insider Buying and Selling

In other WisdomTree news, COO R Jarrett Lilien sold 30,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $18.99, for a total transaction of $569,700.00. Following the completion of the sale, the chief operating officer owned 1,110,245 shares in the company, valued at $21,083,552.55. This represents a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David M. Yates sold 15,000 shares of WisdomTree stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $18.06, for a total value of $270,900.00. Following the completion of the transaction, the insider owned 157,499 shares in the company, valued at $2,844,431.94. This represents a 8.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 10.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of WisdomTree by 2.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 456,990 shares of the company’s stock worth $4,076,000 after purchasing an additional 12,402 shares in the last quarter. Jane Street Group LLC grew its stake in shares of WisdomTree by 379.3% during the first quarter. Jane Street Group LLC now owns 880,977 shares of the company’s stock worth $7,858,000 after acquiring an additional 697,156 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of WisdomTree by 35.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 301,138 shares of the company’s stock valued at $3,466,000 after acquiring an additional 78,837 shares in the last quarter. Sei Investments Co. boosted its stake in WisdomTree by 722.3% in the 2nd quarter. Sei Investments Co. now owns 93,039 shares of the company’s stock worth $1,071,000 after purchasing an additional 81,725 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in WisdomTree by 20.0% during the 2nd quarter. AQR Capital Management LLC now owns 482,313 shares of the company’s stock valued at $5,551,000 after purchasing an additional 80,361 shares in the last quarter. Institutional investors own 78.64% of the company’s stock.

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.