WisdomTree (NYSE:WT) Price Target Raised to $17.00

WisdomTree (NYSE:WT) had its price target hoisted by Oppenheimer from $15.00 to $17.00 in a research report released on Monday, MarketBeat Ratings reports. Oppenheimer currently has an outperform rating on the stock.

Several other research firms also recently commented on WT. The Goldman Sachs Group decreased their price objective on WisdomTree from $14.75 to $13.25 and set a “neutral” rating on the stock in a research note on Tuesday, November 25th. Zacks Research upgraded shares of WisdomTree from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of WisdomTree in a research 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, Northland Securities set a $19.00 target price on shares of WisdomTree in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $15.80.

WisdomTree Stock Up 2.0%

Shares of WT stock opened at $16.94 on Monday. The company has a current ratio of 2.82, a quick ratio of 2.41 and a debt-to-equity ratio of 2.16. WisdomTree has a 12 month low of $7.47 and a 12 month high of $17.01. The stock has a market cap of $2.38 billion, a P/E ratio of 26.05 and a beta of 1.08. The company has a 50 day simple moving average of $12.80 and a two-hundred day simple moving average of $12.98.

WisdomTree (NYSE:WT) last issued its quarterly earnings data on Friday, October 31st. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $125.62 million during the quarter, compared to the consensus estimate of $122.00 million. WisdomTree had a net margin of 21.10% and a return on equity of 26.59%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.18 EPS. On average, research analysts expect that WisdomTree will post 0.72 earnings per share for the current year.

Insider Buying and Selling at WisdomTree

In other news, COO R Jarrett Lilien sold 12,500 shares of WisdomTree 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 directly owned 998,638 shares of the company’s stock, valued at approximately $10,995,004.38. The trade was a 1.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David M. Yates sold 6,820 shares of the business’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 owned 152,123 shares in the company, valued at $1,691,607.76. This represents a 4.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 44,320 shares of company stock worth $507,713. Corporate insiders own 9.30% of the company’s stock.

Institutional Trading of WisdomTree

A number of large investors have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of WisdomTree by 16.5% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 33,453 shares of the company’s stock worth $413,000 after acquiring an additional 4,745 shares in the last quarter. Bayforest Capital Ltd bought a new stake in WisdomTree in the fourth quarter worth $189,000. Moran Wealth Management LLC raised its stake in WisdomTree by 12.2% during the fourth quarter. Moran Wealth Management LLC now owns 51,777 shares of the company’s stock valued at $631,000 after purchasing an additional 5,650 shares in the last quarter. CWM LLC grew its stake in shares of WisdomTree by 28.9% in the 4th quarter. CWM LLC now owns 16,739 shares of the company’s stock worth $204,000 after buying an additional 3,751 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of WisdomTree by 64.2% in the 4th quarter. State of Alaska Department of Revenue now owns 108,893 shares of the company’s stock worth $1,327,000 after buying an additional 42,561 shares in 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.