Oppenheimer Forecasts Strong Price Appreciation for WisdomTree (NYSE:WT) Stock

WisdomTree (NYSE:WT) had its price target boosted by stock analysts at Oppenheimer from $15.00 to $17.00 in a note issued to investors on Monday, Marketbeat Ratings reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price target indicates a potential upside of 2.23% from the stock’s current price.

WT has been the subject of several other reports. The Goldman Sachs Group cut their price target on WisdomTree from $14.75 to $13.25 and set a “neutral” rating on the stock in a report on Tuesday, November 25th. Northland Securities set a $19.00 price target on shares of WisdomTree in a report on Friday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of WisdomTree in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of WisdomTree from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Zacks Research raised WisdomTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.80.

WisdomTree Stock Up 2.8%

Shares of NYSE WT opened at $16.63 on Monday. The firm has a fifty day moving average of $12.68 and a 200-day moving average of $12.95. WisdomTree has a 52-week low of $7.47 and a 52-week high of $16.66. The company has a quick ratio of 2.41, a current ratio of 2.82 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $2.34 billion, a PE ratio of 25.58 and a beta of 1.08.

WisdomTree (NYSE:WT) last announced its quarterly earnings results on Friday, October 31st. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $125.62 million during the quarter, compared to analysts’ expectations of $122.00 million. WisdomTree had a net margin of 21.10% and a return on equity of 26.59%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.18 EPS. On average, analysts anticipate that WisdomTree will post 0.72 EPS for the current year.

Insiders Place Their Bets

In other news, insider David M. Yates sold 6,820 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $11.12, for a total transaction of $75,838.40. Following the completion of the sale, the insider owned 152,123 shares in the company, valued at approximately $1,691,607.76. This represents a 4.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO R Jarrett Lilien sold 12,500 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $11.01, for a total value of $137,625.00. Following the sale, the chief operating officer owned 998,638 shares in the company, valued at $10,995,004.38. The trade was a 1.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 44,320 shares of company stock valued at $507,713. 9.30% of the stock is currently owned by corporate insiders.

Institutional Trading of WisdomTree

Large investors have recently made changes to their positions in the stock. Sowell Financial Services LLC lifted its stake in shares of WisdomTree by 6.3% during the fourth quarter. Sowell Financial Services LLC now owns 11,518 shares of the company’s stock worth $140,000 after buying an additional 680 shares during the period. Maryland State Retirement & Pension System lifted its position in WisdomTree by 2.3% in the second quarter. Maryland State Retirement & Pension System now owns 34,056 shares of the company’s stock worth $392,000 after purchasing an additional 778 shares during the period. Cooper Financial Group boosted its stake in WisdomTree by 6.6% during the fourth quarter. Cooper Financial Group now owns 12,849 shares of the company’s stock worth $157,000 after buying an additional 799 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in WisdomTree by 3.4% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 27,056 shares of the company’s stock valued at $376,000 after buying an additional 900 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in WisdomTree by 4.2% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 22,957 shares of the company’s stock valued at $264,000 after buying an additional 927 shares during the period. Institutional investors own 78.64% of the company’s stock.

WisdomTree Company Profile

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.