BlackRock Fund Advisors recently announced the acquisition of new stake in WisdomTree Inc. (NYSE:WT). The institutional investor has increased its shareholding in the Financial company by 3.79% to 17.59 million shares with purchase of 0.64 million shares. This fresh investment now brings its stake to 12.00% valued currently at $104.99 million. In addition, ArrowMark Colorado Holdings LLC raised its holdings by 1.74 million to 15.93 million shares. And The Vanguard Group, Inc. has lifted its position by 2.29% or 0.31 million shares – to 13.96 million shares.
With over 1.71 million WisdomTree Inc. (WT) shares trading Monday and a closing price of $5.65 on the day, the dollar volume was approximately $9.69 million. The shares have shown a positive half year performance of 6.81% and its price on 03/13/23 lost nearly -2.59%. Currently, there are 143.13M common shares owned by the public and among those 109.94M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 7 analysts who have offered their price forecasts for WT have a consensus price objective of $6.25. The analysts have set the share’s price value over the next 12 months at a high of $7.00 and a low of $5.50. The average price target is 9.6% above its recent price level and a downside to the estimated low will see the stock lose -2.73% over that period. But an upside of 19.29% will see the stock hit the forecast high price target while median target price for the stock is $6.25.
Insiders at the company have transacted a total of 38 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 1,208,273 shares. Insider sales of the common stock occurred on 17 occasions, with total insider shares sold totaling 228,503 shares.
The top 3 mutual fund holders in WisdomTree Inc. are iShares Core S&P Small Cap ETF, Vanguard Explorer Fund, and MFS New Discovery Fund. iShares Core S&P Small Cap ETF owns 8.35 million shares of the company’s stock, all valued at over $49.82 million. Vanguard Explorer Fund bought 0.65 million shares to see its total holdings expand to 5.76 million shares valued at over $34.38 million and representing 3.93% of the shares outstanding. MFS New Discovery Fund now owns shares totaling to 3.86% of the shares outstanding.
Shares of WisdomTree Inc. (NYSE: WT) opened at $5.71, down -$0.09 from a prior closing price of $5.80. However, the script later moved the day high at 5.78, down -2.59%. The company’s stock has a 5-day price change of -4.24% and 6.81% over the past three months. WT shares are trading 3.67% year to date (YTD), with the 12-month market performance up to 7.41% higher. It has a 12-month low price of $4.60 and touched a high of $6.41 over the same period. WT has an average intraday trading volume of 1.06 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.14%, -3.02%, and 4.97% respectively.
Institutional ownership of WisdomTree Inc. (NYSE: WT) shares accounts for 76.20% of the company’s 143.13M shares outstanding. Mutual fund holders own 32.73%, while other institutional holders and individual stakeholders account for 46.56% and 30.48% respectively.
It has a market capitalization of $858.12M and a beta (3y monthly) value of 1.41. The stock’s trailing 12-month PE ratio is 21.40, while the earnings-per-share (ttm) stands at $0.26. The company has a PEG of 10.59 and a Quick Ratio of 2.00 with the debt-to-equity ratio at 1.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.20% over the week and 2.18% over the month.
Analysts forecast that WisdomTree Inc. (WT) will achieve an EPS of $0.05 for the current quarter, $0.07 for the next quarter and $0.33 for 2024. The lowest estimate earnings-per-share for the quarter is $0.04 while analysts give the company a high EPS estimate of $0.06. Comparatively, EPS for the current quarter was $0.09 a year ago. Earnings per share for the fiscal year are expected to increase by 3.10%, and 21.03% over the next financial year. EPS should shrink at an annualized rate of 2.02% over the next five years, compared to 6.80% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 7 brokerage firm advisors rate WisdomTree Inc. (WT) as a “Moderate Buy” at a consensus score of 2.90. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 5 of the 7 advise that investors “hold,” and 1 rated it as a “Sell.”
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