Oppenheimer Trims WisdomTree (NYSE:WT) Target Price to $11.00

WisdomTree (NYSE:WT) had its target price lowered by Oppenheimer from $12.00 to $11.00 in a research note published on Monday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. UBS Group raised their price target on shares of WisdomTree from $9.00 to $12.00 and gave the stock a buy rating in a research note on Friday, April 12th. Craig Hallum assumed coverage on shares of WisdomTree in a report on Wednesday, March 6th. They set a buy rating and a $12.00 price objective on the stock. Northcoast Research upgraded shares of WisdomTree from a neutral rating to a buy rating and set a $9.00 price objective on the stock in a report on Thursday, December 28th. Morgan Stanley increased their price objective on shares of WisdomTree from $7.75 to $9.25 and gave the stock an equal weight rating in a report on Wednesday, April 17th. Finally, Northland Securities upgraded shares of WisdomTree from a market perform rating to an outperform rating and set a $12.00 price objective on the stock in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $10.88.

WisdomTree Price Performance

WisdomTree stock opened at $8.85 on Monday. WisdomTree has a 12-month low of $6.05 and a 12-month high of $9.69. The stock has a market capitalization of $1.34 billion, a P/E ratio of 13.62 and a beta of 1.49. The firm’s 50-day moving average is $8.58 and its two-hundred day moving average is $7.39. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.23 and a quick ratio of 1.66.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, February 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, topping 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 company had revenue of $90.84 million for the quarter, compared to analysts’ expectations of $90.32 million. During the same period last year, the company earned $0.04 EPS. The firm’s revenue for the quarter was up 23.9% compared to the same quarter last year. Equities analysts predict that WisdomTree will post 0.52 earnings per share for the current year.

WisdomTree Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a $0.03 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $0.12 annualized dividend and a yield of 1.36%. WisdomTree’s payout ratio is 18.46%.

Insider Activity at WisdomTree

In other WisdomTree news, CEO Jonathan L. Steinberg purchased 303,781 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were purchased at an average price of $7.20 per share, for a total transaction of $2,187,223.20. Following the completion of the acquisition, the chief executive officer now owns 9,172,838 shares of the company’s stock, valued at approximately $66,044,433.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Arizona State Retirement System purchased a new stake in shares of WisdomTree during the third quarter valued at approximately $223,000. Jump Financial LLC purchased a new stake in shares of WisdomTree during the third quarter valued at approximately $208,000. Barclays PLC purchased a new stake in shares of WisdomTree during the third quarter valued at approximately $450,000. New York State Common Retirement Fund purchased a new stake in shares of WisdomTree during the third quarter valued at approximately $835,000. Finally, Quantbot Technologies LP purchased a new stake in shares of WisdomTree during the third quarter valued at approximately $26,000. 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.