WisdomTree (NYSE:WT) Given New $21.00 Price Target at Oppenheimer

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

WT has been the topic of several other research reports. Zacks Research cut WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. The Goldman Sachs Group raised their price target on WisdomTree from $14.00 to $15.50 and gave the company a “neutral” rating in a research note on Monday. Wall Street Zen upgraded WisdomTree from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Morgan Stanley increased their target price on shares of WisdomTree from $13.50 to $14.75 and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of WisdomTree in a research report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, WisdomTree currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

WisdomTree Price Performance

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

WisdomTree (NYSE:WT) last announced its earnings results on Friday, January 30th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.06. WisdomTree had a net margin of 22.10% and a return on equity of 30.24%. The firm had revenue of $147.40 million for the quarter, compared to analysts’ expectations of $142.78 million. During the same period in the prior year, the company earned $0.17 EPS. The business’s revenue was up 33.2% compared to the same quarter last year. On average, equities research analysts predict that WisdomTree will post 0.72 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO R Jarrett Lilien sold 12,500 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $11.01, for a total transaction of $137,625.00. Following the sale, the chief operating officer owned 998,638 shares of the company’s stock, valued at approximately $10,995,004.38. This represents a 1.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 44,320 shares of company stock valued at $507,713 over the last ninety days. Corporate insiders own 9.30% of the company’s stock.

Hedge Funds Weigh In On WisdomTree

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nordea Investment Management AB raised its position in shares of 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 acquiring an additional 112,542 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in WisdomTree by 311.4% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 133,700 shares of the company’s stock valued at $1,858,000 after purchasing an additional 101,200 shares during the last quarter. Bank of New York Mellon Corp raised its stake in WisdomTree by 8.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,425,822 shares of the company’s stock valued at $16,411,000 after acquiring an additional 107,076 shares during the last quarter. AlphaQuest LLC raised its stake in shares of WisdomTree by 372.8% during the 3rd quarter. AlphaQuest LLC now owns 188,381 shares of the company’s stock worth $2,618,000 after buying an additional 148,535 shares in the last quarter. Finally, Creative Planning lifted its stake in shares of WisdomTree by 4.7% in the second quarter. Creative Planning now owns 118,563 shares of the company’s stock valued at $1,365,000 after purchasing an additional 5,309 shares during the period. Hedge funds and other institutional investors own 78.64% of the company’s stock.

WisdomTree Company Profile

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.