Oppenheimer Increases WisdomTree (NYSE:WT) Price Target to $13.00

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

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

WisdomTree Stock Down 0.3 %

WT stock traded down $0.03 during mid-day trading on Monday, hitting $11.59. The stock had a trading volume of 382,573 shares, compared to its average volume of 1,080,114. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 17.04 and a beta of 1.49. 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 has a 1-year low of $6.06 and a 1-year high of $11.87. The company has a fifty day moving average of $10.03 and a 200 day moving average of $8.90.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, April 26th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $96.84 million during the quarter, compared to the consensus estimate of $94.32 million. WisdomTree had a net margin of 19.72% and a return on equity of 19.22%. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 earnings per share. On average, equities analysts expect that WisdomTree will post 0.58 EPS for the current fiscal year.

Hedge Funds Weigh In On WisdomTree

Several large investors have recently bought and sold shares of the business. CWM LLC lifted its stake in shares of WisdomTree by 85.8% in the 2nd quarter. CWM LLC now owns 2,746 shares of the company’s stock valued at $27,000 after purchasing an additional 1,268 shares during the period. Gladius Capital Management LP bought a new position in WisdomTree in the second quarter valued at approximately $32,000. Avior Wealth Management LLC bought a new stake in shares of WisdomTree during the fourth quarter worth $40,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of WisdomTree during the fourth quarter worth $46,000. Finally, Simplex Trading LLC bought a new stake in WisdomTree in the 4th quarter valued at $55,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.

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.