The Goldman Sachs Group Has Lowered Expectations for WisdomTree (NYSE:WT) Stock Price

WisdomTree (NYSE:WT) had its target price lowered by stock analysts at The Goldman Sachs Group from $9.75 to $8.50 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “sell” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 2.78% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Northcoast Research downgraded WisdomTree from a “buy” rating to a “neutral” rating in a research report on Thursday, January 2nd. Keefe, Bruyette & Woods reduced their price objective on WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, WisdomTree presently has an average rating of “Hold” and a consensus price target of $11.96.

WisdomTree Trading Up 0.7 %

WT traded up $0.06 on Monday, hitting $8.27. The company had a trading volume of 440,749 shares, compared to its average volume of 1,526,561. The company has a market cap of $1.22 billion, a PE ratio of 26.68 and a beta of 1.26. The business’s fifty day simple moving average is $8.90 and its 200 day simple moving average is $9.96. WisdomTree has a 12-month low of $7.47 and a 12-month high of $12.45. The company has a quick ratio of 2.13, a current ratio of 2.92 and a debt-to-equity ratio of 1.28.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. Equities research analysts expect that WisdomTree will post 0.72 EPS for the current year.

Insider Activity at WisdomTree

In other news, insider Alexis Marinof sold 90,980 shares of WisdomTree stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total transaction of $897,972.60. Following the completion of the sale, the insider now directly owns 221,146 shares of the company’s stock, valued at approximately $2,182,711.02. The trade was a 29.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 7.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On WisdomTree

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP raised its holdings in shares of WisdomTree by 1,778.5% in the fourth quarter. Quarry LP now owns 2,799 shares of the company’s stock valued at $29,000 after buying an additional 2,650 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in WisdomTree by 173.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company’s stock worth $39,000 after buying an additional 2,405 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of WisdomTree by 310.5% during the 1st quarter. Versant Capital Management Inc now owns 5,263 shares of the company’s stock worth $47,000 after acquiring an additional 3,981 shares in the last quarter. Federated Hermes Inc. grew its holdings in WisdomTree by 60.7% in the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company’s stock valued at $49,000 after purchasing an additional 1,777 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in WisdomTree in the 4th quarter valued at about $60,000. 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.