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

WisdomTree (NYSE:WT) had its price objective boosted by Oppenheimer from $15.00 to $17.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price target indicates a potential upside of 4.42% from the company’s previous close.

Several other brokerages have also issued reports on WT. Morgan Stanley boosted their price target on shares of WisdomTree from $13.50 to $14.75 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. Zacks Research raised WisdomTree from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Wall Street Zen raised shares of WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. The Goldman Sachs Group decreased their target price on WisdomTree from $14.75 to $13.25 and set a “neutral” rating for the company in a research note on Tuesday, November 25th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of WisdomTree in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $15.80.

WisdomTree Price Performance

Shares of WisdomTree stock opened at $16.28 on Monday. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.82 and a quick ratio of 2.41. WisdomTree has a fifty-two week low of $7.47 and a fifty-two week high of $16.44. The firm has a fifty day moving average price of $12.47 and a two-hundred day moving average price of $12.90. The company has a market cap of $2.29 billion, a PE ratio of 25.05 and a beta of 1.08.

WisdomTree (NYSE:WT) last released its earnings results on Friday, October 31st. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. WisdomTree had a net margin of 21.10% and a return on equity of 26.59%. The business had revenue of $125.62 million during the quarter, compared to analysts’ expectations of $122.00 million. During the same quarter last year, the company earned $0.18 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. Analysts expect that WisdomTree will post 0.72 EPS 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 stock was sold at an average price of $11.12, for a total transaction of $75,838.40. Following the transaction, the insider owned 152,123 shares in the company, valued at approximately $1,691,607.76. This trade represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO R Jarrett Lilien sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $11.77, for a total transaction of $294,250.00. Following the transaction, the chief operating officer directly owned 1,011,138 shares in the company, valued at approximately $11,901,094.26. This represents a 2.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 44,320 shares of company stock worth $507,713. 9.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WT. Nordea Investment Management AB raised its holdings in WisdomTree by 27.4% during the 3rd quarter. Nordea Investment Management AB now owns 524,014 shares of the company’s stock worth $7,284,000 after purchasing an additional 112,542 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of WisdomTree by 311.4% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 133,700 shares of the company’s stock worth $1,858,000 after acquiring an additional 101,200 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of WisdomTree by 8.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,425,822 shares of the company’s stock worth $16,411,000 after acquiring an additional 107,076 shares during the last quarter. Creative Planning lifted its position in WisdomTree by 4.7% in the 2nd quarter. Creative Planning now owns 118,563 shares of the company’s stock valued at $1,365,000 after acquiring an additional 5,309 shares in the last quarter. Finally, Norges Bank purchased a new stake in WisdomTree in the 2nd quarter valued at $6,206,000. 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.