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WisdomTree
(NYSE:WT)
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Rating:64Neutral
Price Target:
$22.00
â–²(13.11% Upside)
Action:Reiterated
Date:06/19/26
The score is driven by solid operating and cash-flow performance plus a constructive earnings outlook (record AUM/inflows and improved margin guidance). These positives are tempered by elevated balance-sheet leverage and a high P/E valuation, while technicals are neutral with near-term momentum cooling.
Positive Factors
Free cash flow strength
Consistent, high free cash flow that closely matches reported earnings provides durable internal funding. This supports strategic M&A, repurchases, dividends and debt paydowns, improving financial flexibility and reducing reliance on external financing through business cycles.
Negative Factors
Elevated leverage
Material increase in leverage amplifies returns in good times but raises downside risk. Higher debt levels increase fixed obligations and sensitivity to AUM/earnings volatility, constraining capital allocation and elevating refinancing and covenant risk during market stress.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow strength
Consistent, high free cash flow that closely matches reported earnings provides durable internal funding. This supports strategic M&A, repurchases, dividends and debt paydowns, improving financial flexibility and reducing reliance on external financing through business cycles.
Read all positive factors
WisdomTree Key Performance Indicators (KPIs)
Any
Assets Under Management
Measures the total market value of assets WisdomTree manages. AUM is the main driver of fee revenue for an asset manager — higher AUM usually means more stable, recurring income, scale advantages, and pricing power, while declines from market drops or investor outflows hit revenue and profitability quickly. Watch growth trends, net flows versus market moves, product concentration, and average fee levels to judge sustainability and earnings sensitivity.
Measures the total market value of assets WisdomTree manages. AUM is the main driver of fee revenue for an asset manager — higher AUM usually means more stable, recurring income, scale advantages, and pricing power, while declines from market drops or investor outflows hit revenue and profitability quickly. Watch growth trends, net flows versus market moves, product concentration, and average fee levels to judge sustainability and earnings sensitivity.
Data provided by:
The Fly
The FlyWisdomTree (WT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.79B
Dividend Yield0.64%
Average Volume (3M)2.89M
Price to Earnings (P/E)45.1
Beta (1Y)1.34
Revenue Growth24.18%
EPS Growth18.98%
CountryUS
Employees360
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.58
Shares Outstanding152,941,270
10 Day Avg. Volume2,200,399
30 Day Avg. Volume2,891,945
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)4.14
Price to Sales (P/S)3.47
P/FCF Ratio11.47
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$20.50Price Target Upside5.40% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)1.15
Revenue Forecast (FY)$691.39M
WisdomTree Business Overview & Revenue Model
Company Description
WisdomTree, Inc., an investment firm operating through its subsidiaries, primarily functions as a sponsor and manager of exchange-traded funds (ETFs). These ETFs span a diverse range of asset classes, including equities, currencies, fixed income, ...
How the Company Makes Money
WisdomTree primarily makes money by earning management fees on assets under management (AUM) in the ETPs/ETFs it sponsors and manages. These fees are typically charged as an annual expense ratio (a percentage of average AUM) and accrue daily from ...
WisdomTree Earnings Call Summary
Earnings Call Date:May 01, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Oct 23, 2026
Earnings Call Sentiment Positive
The call emphasized strong, broad-based organic growth (record AUM, $5.9B quarterly inflows, 17% annualized organic growth), substantial revenue and margin expansion (revenues +48% YoY, adjusted margin +770 bps), and strategic, accretive M&A (Atlantic House, Ceres) alongside tangible innovation in tokenization. Headwinds mentioned were manageable and largely tied to integration, temporary share-count/interest effects from financing, and volatility-driven variability in transactional revenue and performance fees. Given the weight of material positive operating and financial trends versus modest and expected short-term costs/variability, the overall tone is constructive.Positive Updates
Record and Growing AUM
Assets under management reached a record $152.6 billion at quarter-end (fifth consecutive quarter of record AUM) and the firm reported global AUM of approximately $164.3 billion post-close—an increase of nearly $12 billion or ~8% from March 31 driven by net inflows, market appreciation and the Atlantic House acquisition.
Negative Updates
Higher Compensation Ratio Pressure
Although compensation-to-revenue target range remains 26%–28%, management expects the ratio to trend toward the upper half of that range due to the Atlantic House acquisition, implying modest near-term pressure on operating leverage in that metric.
Read all updates
Q1-2026 Updates
Positive
Negative
Record and Growing AUM
Assets under management reached a record $152.6 billion at quarter-end (fifth consecutive quarter of record AUM) and the firm reported global AUM of approximately $164.3 billion post-close—an increase of nearly $12 billion or ~8% from March 31 driven by net inflows, market appreciation and the Atlantic House acquisition.
Read all positive updates
Company Guidance
WisdomTree's forward guidance holds a 26–28% compensation-to-revenue ratio (expected to trend to the upper half), raises gross margin guidance by 1 percentage point to 83–84%, increases discretionary spending by $3 million, and forecasts third‑party distribution expense of $20–$24 million; interest expense is ~ $53 million for the year (≈$15M in Q2, ≈$14M in Q3 and Q4), interest income was increased $2M to $10M, adjusted tax rate is ~24–25% (was 24%), and diluted shares were 152 million in Q1, expected to rise to ~155–158M in Q2 after the convertible refinancing and then decline to ~154M in H2 following cash retirements of the 2026/2029 notes; the Atlantic House acquisition (purchase price $200M financed with new convertibles at a 4.5% coupon and $21.58 conversion price) adds ~ $4B AUM, generates 53 bps in advisory fees plus 25 bps on $1.5B AUA and ~$13M of 2025 structuring fees (overall ~95 bps revenue yield), and is expected to lift firmwide revenue yield by ~2 bps and be modestly accretive to margins.WisdomTree Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
52
Neutral
Cash Flow
80
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 609.68M | 493.75M | 427.74M | 349.04M | 301.35M | 304.32M |
| Gross Profit | 436.77M | 356.07M | 306.46M | 168.16M | 138.69M | 157.24M |
| EBITDA | 148.61M | 182.67M | 117.37M | 136.41M | 56.11M | 71.69M |
| Net Income | 80.88M | 109.13M | 66.69M | 102.55M | 50.68M | 49.80M |
Balance Sheet | ||||||
| Total Assets | 1.65B | 1.51B | 1.03B | 944.14M | 1.03B | 1.04B |
| Cash, Cash Equivalents and Short-Term Investments | 294.81M | 418.85M | 266.63M | 188.03M | 258.34M | 267.88M |
| Total Debt | 1.08B | 956.59M | 512.91M | 275.47M | 322.68M | 319.16M |
| Total Liabilities | 1.23B | 1.10B | 633.56M | 402.43M | 728.21M | 768.44M |
| Stockholders Equity | 418.52M | 413.67M | 399.98M | 541.71M | 305.61M | 269.42M |
Cash Flow | ||||||
| Free Cash Flow | 197.19M | 149.24M | 113.32M | 83.34M | 54.87M | 75.03M |
| Operating Cash Flow | 198.20M | 149.46M | 113.46M | 85.60M | 55.09M | 75.32M |
| Investing Cash Flow | -425.76M | -313.03M | -23.88M | 82.05M | -37.66M | -99.63M |
| Financing Cash Flow | 332.38M | 288.28M | -36.00M | -171.64M | -22.78M | 92.55M |
WisdomTree Technical Analysis
Negative
19.45
Price Trends
18.69
Negative
17.49
Positive
15.49
Positive
Market Momentum
0.49
Negative
53.55
Neutral
34.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WT, the sentiment is Negative. The current price of 19.45 is above the 20-day moving average (MA) of 19.32, above the 50-day MA of 18.69, and above the 200-day MA of 15.49, indicating a neutral trend. The MACD of 0.49 indicates Negative momentum. The RSI at 53.55 is Neutral, neither overbought nor oversold. The STOCH value of 34.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WT.
WisdomTree Risk Analysis
WisdomTree disclosed 63 risk factors in its most recent earnings report. WisdomTree reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
WisdomTree Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $2.46B | 13.41 | 614.24% | 3.85% | 5.42% | 143.26% | |
70 Outperform | $1.72B | 23.81 | 12.14% | 5.67% | 3.01% | -3.28% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $2.88B | 35.11 | 200.83% | 0.27% | 20.72% | -2.79% | |
65 Neutral | $2.51B | 34.03 | 3.68% | 3.81% | 72.75% | -46.35% | |
64 Neutral | $2.79B | 45.14 | 14.38% | 0.61% | 24.18% | 18.98% | |
64 Neutral | $1.12B | 9.93 | 12.75% | 5.70% | -6.49% | 0.51% |
* Financial Sector Average
WT
WisdomTree
18.80
5.64
42.85%
BBT
Beacon Financial Corporation
30.63
6.99
29.55%
VRTS
Virtus Investment Partners
163.50
-21.08
-11.42%
AAMI
Acadian Asset Management
83.95
42.31
101.63%
GCMG
GCM Grosvenor
12.43
1.12
9.87%
PAX
Patria Investments
10.97
-2.35
-17.64%
WisdomTree Corporate Events
Executive/Board ChangesShareholder Meetings
WisdomTree Shareholders Back Board, Pay and Auditor
Positive
Jun 18, 2026
At its 2026 Annual Meeting of Stockholders held on June 17, 2026, WisdomTree shareholders elected nine directors, including Jonathan Steinberg and Frank Salerno, to serve until the 2027 annual meeting, with strong support levels across all nominee...
Business Operations and StrategyPrivate Placements and Financing
WisdomTree Repurchases Convertible Notes to Streamline Capital Structure
Positive
May 29, 2026
On May 28, 2026, WisdomTree, Inc. entered into privately negotiated agreements to repurchase approximately $51.9 million in aggregate principal of its 3.25% Convertible Senior Notes due 2029 for about $87.3 million in cash. The transactions are ex...
Business Operations and StrategyDividendsFinancial DisclosuresPrivate Placements and Financing
WisdomTree Reports Record Q1 2026 Results, Refinances Notes
Positive
May 1, 2026
WisdomTree reported first-quarter 2026 results on May 1, 2026, highlighted by record assets under management of $152.6 billion, driven by $5.9 billion of net inflows primarily into international developed equity, fixed income, and leveraged and in...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.