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WisdomTree
(NYSE:WT)
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Rating:64Neutral
Price Target:
$19.50
â–²(11.68% 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
Cash generation
WisdomTree’s strong operating cash flow and free cash flow (TTM ~$161M) with FCF roughly equal to net income indicates durable cash conversion. This provides flexibility to fund buybacks, acquisitions, debt retirements or investments without relying solely on capital markets, supporting multi‑quarter resilience.
Negative Factors
Elevated leverage
Debt has risen materially (≈$1.2B) and debt/equity (~2.53) is well above prior levels, increasing sensitivity to market or AUM shocks. Higher leverage amplifies earnings volatility and constrains flexibility for strategic moves if inflows slow, making capital structure risk a durable governance and solvency consideration.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
WisdomTree’s strong operating cash flow and free cash flow (TTM ~$161M) with FCF roughly equal to net income indicates durable cash conversion. This provides flexibility to fund buybacks, acquisitions, debt retirements or investments without relying solely on capital markets, supporting multi‑quarter resilience.
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
$2.82B
Dividend Yield0.95%
Average Volume (3M)3.16M
Price to Earnings (P/E)43.0
Beta (1Y)1.29
Revenue Growth24.18%
EPS Growth18.98%
CountryUS
Employees315
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.60
Shares Outstanding152,941,270
10 Day Avg. Volume3,766,585
30 Day Avg. Volume3,164,348
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 Cap1.19
Enterprise Value/Revenue5.13
Enterprise Value/Gross Profit7.33
Enterprise Value/Ebitda19.12
Forecast
1Y Price Target
$20.42Price Target Upside16.93% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)1.15
Revenue Forecast (FY)$693.63M
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:Jul 24, 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 | 653.22M | 493.75M | 427.74M | 349.04M | 301.35M | 304.32M |
| Gross Profit | 457.41M | 356.07M | 306.46M | 168.16M | 138.69M | 157.24M |
| EBITDA | 175.35M | 182.67M | 117.37M | 136.41M | 56.11M | 71.69M |
| Net Income | 86.00M | 109.13M | 66.69M | 102.55M | 50.68M | 49.80M |
Balance Sheet | ||||||
| Total Assets | 1.78B | 1.51B | 1.03B | 944.14M | 1.03B | 1.04B |
| Cash, Cash Equivalents and Short-Term Investments | 625.50M | 418.85M | 266.63M | 188.03M | 258.34M | 267.88M |
| Total Debt | 1.20B | 956.59M | 512.91M | 275.47M | 322.68M | 319.16M |
| Total Liabilities | 1.31B | 1.10B | 633.56M | 402.43M | 728.21M | 768.44M |
| Stockholders Equity | 475.02M | 413.67M | 399.98M | 541.71M | 305.61M | 269.42M |
Cash Flow | ||||||
| Free Cash Flow | 166.19M | 149.24M | 113.32M | 83.34M | 54.87M | 75.03M |
| Operating Cash Flow | 167.87M | 149.46M | 113.46M | 85.60M | 55.09M | 75.32M |
| Investing Cash Flow | -274.39M | -313.03M | -23.88M | 82.05M | -37.66M | -99.63M |
| Financing Cash Flow | 546.59M | 288.28M | -36.00M | -171.64M | -22.78M | 92.55M |
WisdomTree Technical Analysis
Positive
17.46
Price Trends
18.18
Positive
17.04
Positive
15.04
Positive
Market Momentum
-0.06
Negative
55.63
Neutral
74.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WT, the sentiment is Positive. The current price of 17.46 is below the 20-day moving average (MA) of 17.79, below the 50-day MA of 18.18, and above the 200-day MA of 15.04, indicating a bullish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 55.63 is Neutral, neither overbought nor oversold. The STOCH value of 74.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | $2.75B | 16.18 | 614.24% | 3.91% | 5.42% | 143.26% | |
70 Outperform | $1.80B | 23.75 | 12.14% | 3.78% | 3.28% | -3.07% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $2.82B | 33.31 | 200.83% | 0.08% | 20.72% | -2.79% | |
65 Neutral | $2.54B | 34.35 | 3.68% | 3.21% | 51.60% | -48.48% | |
64 Neutral | $2.82B | 43.00 | 14.38% | 0.95% | 24.18% | 18.98% | |
64 Neutral | $1.03B | 9.01 | 12.75% | 5.41% | -6.49% | 0.51% |
* Financial Sector Average
WT
WisdomTree
18.49
6.02
48.31%
BBT
Beacon Financial Corporation
30.23
4.71
18.44%
VRTS
Virtus Investment Partners
155.03
-31.37
-16.83%
AAMI
Acadian Asset Management
78.28
40.57
107.58%
GCMG
GCM Grosvenor
13.36
2.22
19.93%
PAX
Patria Investments
11.07
-2.32
-17.36%
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...
Private Placements and Financing
WisdomTree Issues New Convertible Senior Notes Offering
Neutral
Mar 30, 2026
On March 30, 2026, WisdomTree, Inc. issued $603.75 million of 4.50% Convertible Senior Notes due 2031 in a private Rule 144A offering to qualified institutional buyers, generating approximately $591.2 million in net proceeds. The new senior unsecu...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
WisdomTree Prices Convertible Notes Offering and Exchanges
Neutral
Mar 24, 2026
On March 23 and 24, 2026, WisdomTree, Inc. priced a private offering of $525 million of 4.50% convertible senior notes due 2031 and the initial purchasers exercised a $78.75 million greenshoe, bringing the total to $603.75 million, with settlement...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
WisdomTree Launches $525 Million Convertible Notes Offering
Positive
Mar 23, 2026
On March 23, 2026, WisdomTree announced it had commenced a private offering of $525 million in convertible senior notes due 2031, targeted at qualified institutional buyers under Rule 144A. The company also signaled an option for initial purchaser...
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.