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

WisdomTree (NYSE:WT) had its target price boosted by research analysts at Oppenheimer from $17.00 to $21.00 in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price suggests a potential upside of 30.56% from the stock’s current price.

WT has been the topic of a number of other reports. Zacks Research cut shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Morgan Stanley increased their target price on WisdomTree from $13.50 to $14.75 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. Weiss Ratings reissued a “buy (b-)” rating on shares of WisdomTree in a research report on Wednesday, January 21st. Wall Street Zen raised WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, The Goldman Sachs Group increased their price target on shares of 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.25.

WisdomTree Stock Up 0.2%

Shares of WT traded up $0.03 during midday trading on Tuesday, reaching $16.09. 333,762 shares of the company were exchanged, compared to its average volume of 5,025,473. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 21.53 and a beta of 1.09. WisdomTree has a 1-year low of $7.47 and a 1-year high of $17.09. The stock has a 50-day moving average price of $13.12 and a 200-day moving average price of $13.05. The company has a current ratio of 1.75, a quick ratio of 1.37 and a debt-to-equity ratio of 1.94.

WisdomTree (NYSE:WT) last posted its quarterly earnings data on Friday, January 30th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. The firm had revenue of $147.40 million for 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 firm’s revenue was up 33.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 EPS. Research analysts expect 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 stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $11.12, for a total transaction of $75,838.40. Following the sale, the insider directly owned 152,123 shares of the company’s stock, valued at $1,691,607.76. This represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO R Jarrett Lilien sold 25,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $11.77, for a total value of $294,250.00. Following the transaction, the chief operating officer directly owned 1,011,138 shares in the company, valued at $11,901,094.26. This trade represents a 2.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 44,320 shares of company stock valued at $507,713 over the last ninety days. 9.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of WT. Wellington Management Group LLP grew its holdings in WisdomTree by 236.5% in the 3rd quarter. Wellington Management Group LLP now owns 9,674,630 shares of the company’s stock valued at $134,477,000 after buying an additional 6,799,654 shares in the last quarter. Capitolis Liquid Global Markets LLC bought a new position in shares of WisdomTree in the third quarter worth $24,125,000. Arrowstreet Capital Limited Partnership raised its position in shares of WisdomTree by 463.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,697,707 shares of the company’s stock valued at $23,598,000 after buying an additional 1,396,569 shares in the last quarter. Tidal Investments LLC acquired a new position in WisdomTree during the second quarter valued at approximately $15,649,000. Finally, Prudential Financial Inc. grew its holdings in shares of WisdomTree by 1,119.9% during the 2nd quarter. Prudential Financial Inc. now owns 1,423,293 shares of the company’s stock valued at $16,382,000 after purchasing an additional 1,306,620 shares during the last quarter. 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.