WisdomTree (NYSE:WT) PT Raised to $13.00 at Oppenheimer

WisdomTree (NYSE:WT) had its price target lifted by analysts at Oppenheimer from $12.00 to $13.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price would suggest a potential upside of 12.17% from the stock’s previous close.

A number of other research analysts have also recently commented on the stock. Morgan Stanley increased their price target on shares of WisdomTree from $7.75 to $9.25 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. Keefe, Bruyette & Woods raised their price objective on WisdomTree from $10.00 to $11.00 and gave the company a “market perform” rating in a research note on Friday, July 12th. Northland Securities upgraded WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 target price for the company in a report on Wednesday, April 3rd. Finally, UBS Group boosted their price objective on shares of WisdomTree from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, WisdomTree presently has an average rating of “Moderate Buy” and a consensus target price of $11.18.

WisdomTree Stock Performance

Shares of NYSE WT traded down $0.03 during midday trading on Monday, hitting $11.59. The company’s stock had a trading volume of 382,573 shares, compared to its average volume of 1,080,114. The stock has a fifty day moving average price of $10.03 and a 200 day moving average price of $8.90. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 17.04 and a beta of 1.49. WisdomTree has a one year low of $6.06 and a one year high of $11.87. The company has a current ratio of 3.01, a quick ratio of 2.18 and a debt-to-equity ratio of 0.62.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, April 26th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. WisdomTree had a return on equity of 19.22% and a net margin of 19.72%. The business had revenue of $96.84 million for the quarter, compared to the consensus estimate of $94.32 million. During the same quarter last year, the business posted $0.07 earnings per share. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. On average, research analysts forecast that WisdomTree will post 0.58 EPS for the current fiscal year.

Hedge Funds Weigh In On WisdomTree

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. bought a new position in WisdomTree during the third quarter valued at approximately $103,908,000. Capital Management Corp VA bought a new stake in shares of WisdomTree during the 4th quarter worth approximately $8,342,000. Principal Financial Group Inc. bought a new stake in WisdomTree during the 4th quarter valued at about $4,003,000. ClariVest Asset Management LLC purchased a new stake in WisdomTree in the first quarter worth about $3,840,000. Finally, Dimensional Fund Advisors LP grew its stake in WisdomTree by 7.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,998,260 shares of the company’s stock valued at $27,710,000 after purchasing an additional 294,060 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

WisdomTree Company Profile

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.