WisdomTree (NYSE:WT) Posts Earnings Results, Misses Expectations By $0.02 EPS

WisdomTree (NYSE:WT) announced its earnings results on Friday. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02), Zacks reports. WisdomTree had a return on equity of 22.91% and a net margin of 14.33%.

WisdomTree Trading Up 0.1 %

Shares of NYSE:WT traded up $0.01 during midday trading on Friday, reaching $9.83. The company’s stock had a trading volume of 1,223,383 shares, compared to its average volume of 1,975,683. WisdomTree has a fifty-two week low of $6.67 and a fifty-two week high of $12.45. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.16 and a current ratio of 2.88. The firm has a 50 day moving average price of $10.59 and a two-hundred day moving average price of $10.42. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 33.91 and a beta of 1.49.

Insiders Place Their Bets

In related news, insider Peter M. Ziemba sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $11.43, for a total value of $1,143,000.00. Following the completion of the transaction, the insider now directly owns 948,386 shares of the company’s stock, valued at approximately $10,840,051.98. This trade represents a 9.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $11.34, for a total value of $34,020,000.00. Following the completion of the transaction, the insider now directly owns 12,250,000 shares of the company’s stock, valued at $138,915,000. The trade was a 19.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Northcoast Research lowered shares of WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. UBS Group lifted their price target on 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 dropped their price objective on WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company 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.