WisdomTree (NYSE:WT) PT Raised to $9.25 at Morgan Stanley

WisdomTree (NYSE:WT) had its price objective raised by equities research analysts at Morgan Stanley from $7.75 to $9.25 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 5.41% from the stock’s previous close.

A number of other research analysts also recently issued reports on WT. Northcoast Research upgraded WisdomTree from a “neutral” rating to a “buy” rating and set a $9.00 price target on the stock in a report on Thursday, December 28th. UBS Group boosted their price target on WisdomTree from $9.00 to $12.00 and gave the company a “buy” rating in a report on Friday, April 12th. Northland Securities upgraded WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 target price on the stock in a report on Wednesday, April 3rd. Craig Hallum started coverage on WisdomTree in a report on Wednesday, March 6th. They set a “buy” rating and a $12.00 target price on the stock. Finally, Oppenheimer upped their target price on WisdomTree from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $11.04.

WisdomTree Stock Up 1.1 %

WT opened at $8.78 on Wednesday. The company has a market cap of $1.33 billion, a P/E ratio of 13.50 and a beta of 1.49. The business’s 50-day moving average price is $8.45 and its 200-day moving average price is $7.34. The company has a current ratio of 2.23, a quick ratio of 1.66 and a debt-to-equity ratio of 0.67. WisdomTree has a 12 month low of $6.05 and a 12 month high of $9.69.

WisdomTree (NYSE:WT) last released its quarterly earnings data on Friday, February 2nd. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The firm had revenue of $90.84 million for the quarter, compared to the consensus estimate of $90.32 million. WisdomTree had a return on equity of 15.15% and a net margin of 29.38%. The company’s quarterly revenue was up 23.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.04 earnings per share. On average, equities analysts expect that WisdomTree will post 0.51 EPS for the current year.

Insider Transactions at WisdomTree

In related news, CEO Jonathan L. Steinberg purchased 303,781 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were purchased at an average cost of $7.20 per share, with a total value of $2,187,223.20. Following the transaction, the chief executive officer now directly owns 9,172,838 shares in the company, valued at approximately $66,044,433.60. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On WisdomTree

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WT. Arizona State Retirement System bought a new position in shares of WisdomTree during the 3rd quarter valued at $223,000. Jump Financial LLC bought a new position in shares of WisdomTree during the 3rd quarter valued at $208,000. Barclays PLC purchased a new stake in shares of WisdomTree in the 3rd quarter worth $450,000. New York State Common Retirement Fund purchased a new stake in shares of WisdomTree in the 3rd quarter worth $835,000. Finally, Quantbot Technologies LP purchased a new stake in shares of WisdomTree in the 3rd quarter worth $26,000. 78.64% of the stock is owned by institutional investors.

WisdomTree Company Profile

WisdomTree, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.