WisdomTree (NYSE:WT) Given New $20.00 Price Target at Oppenheimer

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

Several other brokerages also recently issued reports on WT. The Goldman Sachs Group raised their price objective on shares of WisdomTree from $14.00 to $15.50 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of WisdomTree in a research report on Wednesday, January 21st. Zacks Research upgraded WisdomTree from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Northland Securities set a $20.00 target price on shares of WisdomTree in a research note on Monday, February 2nd. Finally, Morgan Stanley set a $16.75 price target on shares of WisdomTree in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.45.

WisdomTree Price Performance

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

WisdomTree (NYSE:WT) last issued its quarterly earnings data on Friday, January 30th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. The business had revenue of $147.43 million for the quarter, compared to the consensus estimate of $142.78 million. WisdomTree had a return on equity of 30.24% and a net margin of 22.10%.The company’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 earnings per share. As a group, equities research analysts anticipate that WisdomTree will post 0.72 EPS for the current fiscal year.

Insider Activity

In other news, COO R Jarrett Lilien sold 30,000 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total value of $505,200.00. Following the completion of the transaction, the chief operating officer directly owned 1,140,245 shares of the company’s stock, valued at approximately $19,201,725.80. The trade was a 2.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 9.30% of the company’s stock.

Institutional Investors Weigh In On WisdomTree

Institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd grew its stake in WisdomTree by 163.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock valued at $30,000 after purchasing an additional 1,521 shares during the last quarter. Quarry LP boosted its holdings in shares of WisdomTree by 1,679.0% in the 3rd quarter. Quarry LP now owns 2,206 shares of the company’s stock valued at $31,000 after buying an additional 2,082 shares in the last quarter. Quattro Advisors LLC bought a new stake in shares of WisdomTree in the 4th quarter valued at about $31,000. First Horizon Corp purchased a new position in shares of WisdomTree in the 3rd quarter worth approximately $32,000. Finally, Flagship Harbor Advisors LLC bought a new position in shares of WisdomTree during the 4th quarter worth approximately $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.