WisdomTree, Inc. (NYSE: WT) is 37.37% higher on its value in year-to-date trading and has touched a low of $5.86 and a high of $9.69 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WT stock was last observed hovering at around $9.60 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $9.52, the stock is 6.52% and 18.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.36 million and changing -0.83% at the moment leaves the stock 33.42% off its SMA200. WT registered 62.46% gain for a year compared to 6-month gain of 34.46%. The firm has a 50-day simple moving average (SMA 50) of $4.39 and a 200-day simple moving average (SMA200) of $11.24.
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The stock witnessed a 15.11% loss in the last 1 month and extending the period to 3 months gives it a 38.57%, and is 4.85% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.80% over the week and 2.78% over the month.
WisdomTree, Inc. (WT) has around 303 employees, a market worth around $1.45B and $349.00M in sales. Current P/E ratio is 17.31 and Fwd P/E is 17.09. Profit margin for the company is 27.20%. Distance from 52-week low is 62.46% and -1.75% from its 52-week high. The company has generated returns on investments over the last 12 months (8.00%).
WisdomTree, Inc. quarterly earnings per share for the current quarter are estimated at $0.11 with sales reaching $93.54M over the same period.The EPS is expected to grow by 97.60% this year, but quarterly earnings will post 12.90% year-over-year. Quarterly sales are estimated to grow 18.10% in year-over-year returns.
WisdomTree, Inc. (WT) Top Institutional Holders
274 institutions hold shares in WisdomTree, Inc. (WT), with institutional investors hold 99.38% of the company’s shares. The shares outstanding are 151.85M, and float is at 133.09M with Short Float at 7.97%. Institutions hold 87.10% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 17.75 million shares valued at $121.78 million. The investor’s holdings represent 11.81% of the WT Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 14.96 million shares valued at $102.63 million to account for 9.95% of the shares outstanding. The other top investors are ArrowMark Colorado Holdings LLC which holds 14.75 million shares representing 9.81% and valued at over $101.2 million, while Massachusetts Financial Services Co. holds 3.30% of the shares totaling 4.95 million with a market value of $33.98 million.
WisdomTree, Inc. (WT) Insider Activity
The most recent transaction is an insider purchase by Steinberg Jonathan L,the company’sChief Executive Officer. SEC filings show that Steinberg Jonathan L bought 303,781 shares of the company’s common stock on Feb 13 ’24 at a price of $7.20 per share for a total of $2.19 million. Following the purchase, the insider now owns 9.17 million shares.
WisdomTree, Inc. disclosed in a document filed with the SEC on Aug 17 ’23 that Ziemba Peter M (Chief Administrative Officer) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Aug 17 ’23 and was made at $7.04 per share for $0.35 million. Following the transaction, the insider now directly holds 0.99 million shares of the WT stock.
Still, SEC filings show that on Aug 16 ’23, Ziemba Peter M (Chief Administrative Officer) disposed off 50,000 shares at an average price of $6.91 for $0.35 million. The insider now directly holds 1,038,082 shares of WisdomTree, Inc. (WT).
