WisdomTree (NYSE:WT) PT Raised to $12.00

WisdomTree (NYSE:WT) had its price objective lifted by research analysts at UBS Group from $9.00 to $12.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s target price indicates a potential upside of 32.60% from the stock’s current price.

Other research analysts have also issued reports about the company. Oppenheimer boosted 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. Northland Securities raised 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. Northcoast Research raised WisdomTree from a “neutral” rating to a “buy” rating and set a $9.00 target price on the stock in a report on Thursday, December 28th. Finally, 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. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $10.71.

WisdomTree Stock Down 0.8 %

NYSE:WT opened at $9.05 on Friday. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 13.92 and a beta of 1.49. WisdomTree has a twelve month low of $6.05 and a twelve month high of $9.69. The stock’s 50 day moving average price is $8.30 and its two-hundred day moving average price is $7.29. The company has a quick ratio of 1.66, a current ratio of 2.23 and a debt-to-equity ratio of 0.67.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, February 2nd. The company reported $0.11 earnings per share 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 analyst estimates of $90.32 million. WisdomTree had a return on equity of 15.15% and a net margin of 29.38%. The business’s quarterly revenue was up 23.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.04 EPS. Equities research analysts expect that WisdomTree will post 0.51 earnings per share for the current fiscal year.

Insider Activity at WisdomTree

In other news, CEO Jonathan L. Steinberg purchased 303,781 shares of WisdomTree stock in a transaction that occurred on Tuesday, February 13th. The stock was acquired at an average cost of $7.20 per share, for a total transaction of $2,187,223.20. Following the purchase, the chief executive officer now directly owns 9,172,838 shares of the company’s stock, valued at approximately $66,044,433.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.80% of the stock is currently owned by corporate insiders.

Institutional Trading of WisdomTree

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. bought a new stake in shares of WisdomTree during the 3rd quarter valued at $103,908,000. Azora Capital LP lifted its position in shares of WisdomTree by 3.6% during the 4th quarter. Azora Capital LP now owns 7,793,321 shares of the company’s stock valued at $54,008,000 after acquiring an additional 268,277 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in shares of WisdomTree during the 3rd quarter valued at $34,737,000. Dimensional Fund Advisors LP lifted its position in shares of WisdomTree by 7.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,998,260 shares of the company’s stock valued at $27,710,000 after acquiring an additional 294,060 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of WisdomTree by 3.8% during the 4th quarter. Wellington Management Group LLP now owns 3,897,242 shares of the company’s stock valued at $27,008,000 after acquiring an additional 141,354 shares during the period. 78.64% of the stock is currently owned by institutional investors.

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.