WisdomTree (NYSE:WT) Stock Price Expected to Rise, Oppenheimer Analyst Says

WisdomTree (NYSE:WT) had its price target hoisted by Oppenheimer from $17.00 to $21.00 in a report released on Tuesday, Marketbeat Ratings reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price target indicates a potential upside of 29.31% from the company’s previous close.

Several other research analysts have also issued reports on the stock. Morgan Stanley raised their price target on shares of WisdomTree from $13.50 to $14.75 and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. Northland Securities set a $20.00 price objective on shares of WisdomTree in a research report on Monday. Zacks Research lowered shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Wall Street Zen raised shares of WisdomTree from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, The Goldman Sachs Group lifted their price objective on WisdomTree from $14.00 to $15.50 and gave the stock a “neutral” rating in a research report on Monday. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $17.25.

WisdomTree Stock Down 1.3%

Shares of NYSE:WT opened at $16.24 on Tuesday. The firm has a market cap of $2.29 billion, a P/E ratio of 21.65 and a beta of 1.09. WisdomTree has a 12-month low of $7.47 and a 12-month high of $17.09. The business has a fifty day simple moving average of $13.34 and a 200 day simple moving average of $13.10. The company has a quick ratio of 1.37, a current ratio of 1.75 and a debt-to-equity ratio of 1.94.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, January 30th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.06. The company had revenue of $147.40 million during the quarter, compared to analysts’ expectations of $142.78 million. WisdomTree had a return on equity of 30.24% and a net margin of 22.10%.The business’s quarterly revenue was up 33.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.17 earnings per share. Analysts predict that WisdomTree will post 0.72 earnings per share for the current year.

Insider Transactions at WisdomTree

In other news, insider David M. Yates sold 6,820 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $11.12, for a total value of $75,838.40. Following the completion of the sale, the insider directly owned 152,123 shares in the company, valued at $1,691,607.76. This trade represents a 4.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO R Jarrett Lilien sold 25,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $11.77, for a total value of $294,250.00. Following the completion of the sale, the chief operating officer directly owned 1,011,138 shares of the company’s stock, valued at $11,901,094.26. The trade was a 2.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 44,320 shares of company stock worth $507,713 in the last three months. Insiders own 9.30% of the company’s stock.

Hedge Funds Weigh In On WisdomTree

Large investors have recently modified their holdings of the company. Quarry LP increased its stake in WisdomTree by 1,679.0% during the 3rd quarter. Quarry LP now owns 2,206 shares of the company’s stock valued at $31,000 after purchasing an additional 2,082 shares in the last quarter. First Horizon Corp bought a new position in shares of WisdomTree in the third quarter valued at $32,000. Neo Ivy Capital Management acquired a new position in shares of WisdomTree during the third quarter valued at about $37,000. Flagship Harbor Advisors LLC bought a new stake in shares of WisdomTree during the fourth quarter worth about $36,000. Finally, Torren Management LLC acquired a new stake in shares of WisdomTree in the 4th quarter worth about $37,000. 78.64% of the stock is currently owned by institutional investors.

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.