WisdomTree (NYSE:WT) PT Lowered to $11.00

WisdomTree (NYSE:WT) had its price target decreased by Oppenheimer from $12.00 to $11.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price target indicates a potential upside of 22.63% from the company’s current price.

A number of other analysts also recently weighed in on WT. UBS Group increased their price target on WisdomTree from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Northcoast Research upgraded WisdomTree from a “neutral” rating to a “buy” rating and set a $9.00 target price for the company in a research note on Thursday, December 28th. Morgan Stanley raised their target price on WisdomTree from $7.75 to $9.25 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. Craig Hallum began coverage on WisdomTree in a research note on Wednesday, March 6th. They issued a “buy” rating and a $12.00 target price for the company. Finally, Northland Securities upgraded WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 target price for the company in a research note on Wednesday, April 3rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, WisdomTree currently has an average rating of “Moderate Buy” and an average target price of $10.88.

WisdomTree Stock Up 0.2 %

Shares of WT opened at $8.97 on Monday. WisdomTree has a 52 week low of $6.05 and a 52 week high of $9.69. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 13.80 and a beta of 1.49. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.66 and a current ratio of 2.23. The stock has a fifty day moving average of $8.55 and a 200-day moving average of $7.38.

WisdomTree (NYSE:WT) last announced its quarterly earnings results on Friday, February 2nd. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $90.84 million during the quarter, compared to analysts’ expectations of $90.32 million. WisdomTree had a return on equity of 15.15% and a net margin of 29.38%. WisdomTree’s revenue was up 23.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.04 EPS. As a group, sell-side analysts anticipate that WisdomTree will post 0.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Jonathan L. Steinberg purchased 303,781 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were bought at an average price of $7.20 per share, with a total value of $2,187,223.20. Following the acquisition, the chief executive officer now owns 9,172,838 shares of the company’s stock, valued at approximately $66,044,433.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On WisdomTree

A number of hedge funds and other institutional investors have recently bought and sold shares of WT. Quantbot Technologies LP bought a new stake in WisdomTree during the 3rd quarter valued at $26,000. Avior Wealth Management LLC bought a new stake in WisdomTree during the 4th quarter valued at $40,000. Allspring Global Investments Holdings LLC bought a new stake in WisdomTree during the 4th quarter valued at $46,000. Simplex Trading LLC purchased a new position in shares of WisdomTree during the 4th quarter valued at $55,000. Finally, KBC Group NV purchased a new position in shares of WisdomTree during the 3rd quarter valued at $62,000. Institutional investors own 78.64% of the company’s stock.

About WisdomTree

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.