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WisdomTree
(NYSE:WT)
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Rating:66Neutral
Price Target:
$20.50
â–²(5.40% Upside)
Action:Reiterated
Date:07/31/26
WT’s score is driven by strong cash generation and a very constructive earnings-call outlook (record AUM, solid inflows, margin expansion, and active buybacks/deleveraging). These positives are tempered by elevated financial risk from materially higher leverage and a demanding valuation (high P/E with a low dividend yield). Technically, the longer-term trend is supportive, but short-term price is below the 20-day average.
Positive Factors
Strong cash generation
Consistent, high free cash flow (FCF ~ $197M TTM and improving YoY) underpins durable capital allocation flexibility. Over months this funds buybacks, debt repurchases, reinvestment in product development, and cushions the business through market cycles without reliance on external financing.
Negative Factors
Elevated financial leverage
Material increase in leverage materially reduces financial flexibility and raises interest and refinancing risk. If AUM growth or margins slow, higher debt amplifies downside, constrains strategic optionality, and limits the firm's ability to fund acquisitions or opportunistic investments without raising cost of capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistent, high free cash flow (FCF ~ $197M TTM and improving YoY) underpins durable capital allocation flexibility. Over months this funds buybacks, debt repurchases, reinvestment in product development, and cushions the business through market cycles without reliance on external financing.
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
$2.96B
Dividend Yield0.62%
Average Volume (3M)2.89M
Price to Earnings (P/E)33.4
Beta (1Y)1.34
Revenue Growth37.14%
EPS Growth38.12%
CountryUS
Employees360
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.56
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
$21.06Price Target Upside8.28% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)1.15
Revenue Forecast (FY)$690.29M
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:Jul 31, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 23, 2026
Earnings Call Sentiment Positive
The call emphasized substantial positive momentum: record AUM, strong diversified net inflows, double‑digit revenue growth (57% YoY), significant operating margin expansion (~900 bps), EPS growth, completed strategic acquisitions (Atlantic House, Ceres), deleveraging and active buybacks, plus promising tokenization initiatives. The primary negatives were transitory or manageable: seasonal/transitionary Ceres flows, modest digital asset outflows, variability in transaction/structuring fees, a reduced interest income outlook due to prioritizing repurchases, and potential dilution from convertibles. Overall, the positives materially outweigh the negatives and indicate robust execution and a favorable growth/profitability trajectory.Positive Updates
Record Assets Under Management
AUM reached $162.9B at quarter-end (sixth consecutive quarterly record), up 7% since March 31; global AUM subsequently quoted at ~ $164B (up ~1% since quarter-end, reflecting $700M net inflows and market moves).
Negative Updates
Ceres Flow Seasonality and Transition
Ceres flows were lumpy during the quarter (about $5M this quarter versus ~$75M in Q1) due to closing the flagship fund to new investment and launching Fund II; performance fees are seasonal and may be variable—management advised caution when modeling cadence.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Assets Under Management
AUM reached $162.9B at quarter-end (sixth consecutive quarterly record), up 7% since March 31; global AUM subsequently quoted at ~ $164B (up ~1% since quarter-end, reflecting $700M net inflows and market moves).
Read all positive updates
Company Guidance
WisdomTree updated guidance across several capital-allocation metrics: it has commenced open‑market repurchases (≈$29 million repurchased through today, about 1.7 million shares at an average price of ~$17.40) and expects ongoing repurchases over time while balancing deleveraging (it retired ≈$127 million principal of convertible notes maturing in 2026 and 2029) and preserving flexibility for strategic initiatives. Diluted share count guidance for the second half is 152–155 million (previously ~154 million), reflecting repurchases to date and potential incremental shares from remaining convertibles with conversion prices of approximately $19 and $21 (illustrative conversion tied to recent stock price levels). The company also lowered interest income guidance to $8 million from $10 million due to allocating some interest‑earning assets to buybacks, and said all other elements of prior guidance remain unchanged.WisdomTree Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
48
Neutral
Cash Flow
79
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 | 438.02M | 356.07M | 306.46M | 168.16M | 138.69M | 157.24M |
| EBITDA | 178.31M | 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
Positive
19.45
Price Trends
18.73
Positive
17.59
Positive
15.59
Positive
Market Momentum
0.32
Positive
62.84
Neutral
51.04
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 19.45 is below the 20-day moving average (MA) of 19.58, above the 50-day MA of 18.73, and above the 200-day MA of 15.59, indicating a bullish trend. The MACD of 0.32 indicates Positive momentum. The RSI at 62.84 is Neutral, neither overbought nor oversold. The STOCH value of 51.04 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 | $2.52B | 13.57 | 614.24% | 3.85% | 5.42% | 143.26% | |
70 Outperform | $1.75B | 23.21 | 12.14% | 5.67% | 3.01% | -3.28% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $2.96B | 33.40 | 19.25% | 0.61% | 37.14% | 38.12% | |
66 Neutral | $3.08B | 30.45 | 200.83% | 0.27% | 23.66% | 17.83% | |
65 Neutral | $2.65B | 23.87 | 4.57% | 3.81% | 72.75% | -46.35% | |
64 Neutral | $1.06B | 8.94 | 17.20% | 5.70% | -5.17% | -14.45% |
* Financial Sector Average
WT
WisdomTree
20.99
8.28
65.21%
BBT
Beacon Financial Corporation
31.91
8.18
34.47%
VRTS
Virtus Investment Partners
169.36
-10.39
-5.78%
AAMI
Acadian Asset Management
89.78
45.40
102.32%
GCMG
GCM Grosvenor
13.17
1.71
14.95%
PAX
Patria Investments
11.17
-2.04
-15.47%
WisdomTree Corporate Events
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresM&A Transactions
WisdomTree Reports Record AUM and Strong Q2 Results
Positive
Jul 31, 2026
On July 31, 2026, WisdomTree reported second-quarter 2026 results showing record assets under management of $162.9 billion, driven by $3.1 billion in net inflows, market appreciation and the acquisition of Atlantic House Holdings. Operating revenu...
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.