WisdomTree (NYSE:WT) Price Target Lowered to $20.00 at Oppenheimer

WisdomTree (NYSE:WT) had its target price lowered by equities research analysts at Oppenheimer from $21.00 to $20.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price target points to a potential upside of 36.79% from the stock’s previous close.

WT has been the topic of a number of other reports. Zacks Research upgraded WisdomTree from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Morgan Stanley set a $16.75 target price on shares of WisdomTree in a research report on Tuesday, February 10th. Weiss Ratings restated a “buy (b-)” rating on shares of WisdomTree in a research note on Wednesday, January 21st. Wall Street Zen downgraded WisdomTree from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, The Goldman Sachs Group boosted their price target on WisdomTree from $14.00 to $15.50 and gave the company a “neutral” rating in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $17.45.

WisdomTree Stock Down 2.5%

NYSE WT traded down $0.38 during trading hours on Thursday, reaching $14.62. 1,156,309 shares of the company’s stock traded hands, compared to its average volume of 3,908,375. The firm has a 50-day simple moving average of $15.96 and a 200 day simple moving average of $13.75. The firm has a market cap of $2.07 billion, a PE ratio of 19.47 and a beta of 1.09. WisdomTree has a 52-week low of $7.47 and a 52-week high of $17.68. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.75 and a quick ratio of 1.37.

WisdomTree (NYSE:WT) last issued its earnings results on Friday, January 30th. The company reported $0.29 earnings per share (EPS) for the quarter, topping 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 business had revenue of $147.43 million during the quarter, compared to analysts’ expectations of $142.78 million. During the same period in the previous year, the company earned $0.17 earnings per share. The business’s revenue for the quarter was up 33.2% compared to the same quarter last year. Sell-side analysts anticipate that WisdomTree will post 0.72 EPS for the current fiscal year.

Insider Activity

In related news, COO R Jarrett Lilien sold 30,000 shares of WisdomTree stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total transaction of $505,200.00. Following the sale, the chief operating officer owned 1,140,245 shares of the company’s stock, valued at approximately $19,201,725.80. This trade represents a 2.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 9.30% of the company’s stock.

Institutional Investors Weigh In On WisdomTree

Several institutional investors and hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd grew its stake in WisdomTree by 163.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock valued at $30,000 after acquiring an additional 1,521 shares in the last quarter. Quarry LP lifted its stake in WisdomTree by 1,679.0% in the 3rd quarter. Quarry LP now owns 2,206 shares of the company’s stock worth $31,000 after purchasing an additional 2,082 shares in the last quarter. Quattro Advisors LLC bought a new position in shares of WisdomTree during the 4th quarter valued at about $31,000. First Horizon Corp purchased a new position in shares of WisdomTree during the third quarter valued at about $32,000. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of WisdomTree during the fourth quarter valued at about $36,000. 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.