WisdomTree (NYSE:WT) Price Target Raised to $9.25

WisdomTree (NYSE:WT) had its price target lifted by Morgan Stanley from $7.75 to $9.25 in a research note published on Wednesday morning, Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Other equities analysts have also recently issued reports about the company. Craig Hallum started coverage on WisdomTree in a research note on Wednesday, March 6th. They set a buy rating and a $12.00 price objective on the stock. Northcoast Research upgraded WisdomTree from a neutral rating to a buy rating and set a $9.00 target price on the stock in a research note on Thursday, December 28th. Oppenheimer lifted their target price on WisdomTree from $11.00 to $12.00 and gave the stock an outperform rating in a research note on Monday, February 5th. Northland Securities upgraded WisdomTree from a market perform rating to an outperform rating and set a $12.00 price objective on the stock in a research note on Wednesday, April 3rd. Finally, UBS Group boosted their price objective on WisdomTree from $9.00 to $12.00 and gave the company a buy rating in a research note on Friday, April 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $11.04.

WisdomTree Stock Performance

Shares of WT stock opened at $8.73 on Wednesday. The firm has a 50 day moving average of $8.48 and a 200-day moving average of $7.35. WisdomTree has a 52 week low of $6.05 and a 52 week high of $9.69. The company has a quick ratio of 1.66, a current ratio of 2.23 and a debt-to-equity ratio of 0.67. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 13.43 and a beta of 1.49.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, February 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. WisdomTree had a net margin of 29.38% and a return on equity of 15.15%. The business had revenue of $90.84 million during the quarter, compared to the consensus estimate of $90.32 million. During the same quarter last year, the firm posted $0.04 EPS. WisdomTree’s revenue was up 23.9% compared to the same quarter last year. On average, equities analysts forecast that WisdomTree will post 0.51 earnings per share for the current year.

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Tuesday, February 13th. WisdomTree’s dividend payout ratio (DPR) is 18.46%.

Insider Buying and Selling at WisdomTree

In other WisdomTree news, CEO Jonathan L. Steinberg purchased 303,781 shares of WisdomTree stock in a transaction on Tuesday, February 13th. The shares were acquired at an average cost of $7.20 per share, for a total transaction of $2,187,223.20. Following the completion of the transaction, the chief executive officer now directly owns 9,172,838 shares of the company’s stock, valued at $66,044,433.60. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 7.80% of the company’s stock.

Institutional Trading of WisdomTree

A number of institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. increased its holdings in shares of WisdomTree by 15.2% during the fourth quarter. Victory Capital Management Inc. now owns 22,203 shares of the company’s stock valued at $154,000 after acquiring an additional 2,927 shares in the last quarter. Quantbot Technologies LP bought a new stake in WisdomTree in the 3rd quarter worth about $26,000. Avior Wealth Management LLC bought a new stake in WisdomTree in the 4th quarter worth about $40,000. Allspring Global Investments Holdings LLC bought a new stake in WisdomTree in the 4th quarter worth about $46,000. Finally, Simplex Trading LLC purchased a new position in WisdomTree in the fourth quarter worth about $55,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

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.