Oppenheimer Issues Pessimistic Forecast for WisdomTree (NYSE:WT) Stock Price

WisdomTree (NYSE:WT) had its target price reduced by research analysts at Oppenheimer from $21.00 to $20.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s target price would indicate a potential upside of 43.83% from the company’s previous close.

A number of other brokerages have also commented on WT. The Goldman Sachs Group boosted their target price on WisdomTree from $14.00 to $15.50 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of WisdomTree in a research note on Wednesday, January 21st. Morgan Stanley set a $16.75 price objective on WisdomTree in a report on Tuesday, February 10th. Zacks Research raised WisdomTree from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Finally, Wall Street Zen cut WisdomTree from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.45.

WisdomTree Stock Down 4.4%

Shares of NYSE WT opened at $13.91 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.75 and a debt-to-equity ratio of 1.94. The firm has a market cap of $1.97 billion, a PE ratio of 18.54 and a beta of 1.09. The company’s fifty day simple moving average is $15.94 and its 200 day simple moving average is $13.76. WisdomTree has a 12-month low of $7.47 and a 12-month high of $17.68.

WisdomTree (NYSE:WT) last posted 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 firm had revenue of $147.43 million during the quarter, compared to the consensus estimate of $142.78 million. WisdomTree had a net margin of 22.10% and a return on equity of 30.24%. The business’s revenue was up 33.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 earnings per share. As a group, sell-side analysts forecast that WisdomTree will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other WisdomTree news, COO R Jarrett Lilien sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total transaction of $505,200.00. Following the completion of the sale, the chief operating officer directly owned 1,140,245 shares of the company’s stock, valued at approximately $19,201,725.80. The trade was a 2.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP raised its position in WisdomTree by 15.7% in the 4th quarter. Wellington Management Group LLP now owns 11,196,229 shares of the company’s stock valued at $136,482,000 after buying an additional 1,521,599 shares during the last quarter. Azora Capital LP lifted its stake in WisdomTree by 9.3% during the 4th quarter. Azora Capital LP now owns 6,150,111 shares of the company’s stock valued at $74,970,000 after acquiring an additional 521,179 shares in the last quarter. Simcoe Capital Management LLC boosted its holdings in WisdomTree by 11.3% during the 4th quarter. Simcoe Capital Management LLC now owns 5,253,340 shares of the company’s stock worth $64,038,000 after acquiring an additional 535,015 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in WisdomTree by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,642,042 shares of the company’s stock worth $44,399,000 after acquiring an additional 61,699 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of WisdomTree by 116.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,389,653 shares of the company’s stock worth $41,320,000 after acquiring an additional 1,823,777 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

About WisdomTree

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.