WisdomTree (WT) to Release Quarterly Earnings on Friday

WisdomTree (NYSE:WT) is projected to release its earnings data before the market opens on Friday, January 31st. Analysts expect WisdomTree to post earnings of $0.19 per share and revenue of $110.70 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

WisdomTree Price Performance

WT stock opened at $9.86 on Thursday. WisdomTree has a 1 year low of $6.67 and a 1 year 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 stock’s 50 day moving average price is $10.63 and its 200 day moving average price is $10.43. The firm has a market cap of $1.44 billion, a P/E ratio of 33.98 and a beta of 1.49.

Analysts Set New Price Targets

A number of research firms recently issued reports on WT. UBS Group upped their target price on WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods reduced their target price 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. Finally, Northcoast Research lowered WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, WisdomTree currently has an average rating of “Moderate Buy” and an average target price of $12.54.

Insiders Place Their Bets

In related news, insider Etfs Capital Limited. sold 3,000,000 shares of the 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 transaction, the insider now directly owns 12,250,000 shares of the company’s stock, valued at approximately $138,915,000. This trade represents a 19.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jonathan L. Steinberg bought 67,869 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average cost of $10.84 per share, for a total transaction of $735,699.96. Following the completion of the transaction, the chief executive officer now directly owns 9,240,707 shares in the company, valued at approximately $100,169,263.88. This trade represents a 0.74 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 7.80% of the company’s stock.

WisdomTree Company Profile

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.