WisdomTree (NYSE:WT) Price Target Raised to $21.00

WisdomTree (NYSE:WT) had its price target raised by Oppenheimer from $17.00 to $21.00 in a research note issued to investors on Tuesday, MarketBeat.com reports. The firm currently has an outperform rating on the stock.

Other analysts have also recently issued research reports about the company. The Goldman Sachs Group lifted their price objective on WisdomTree from $14.00 to $15.50 and gave the company a “neutral” rating in a research report on Monday. Zacks Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Northland Securities set a $20.00 price target on WisdomTree in a report on Monday. Morgan Stanley increased their price objective on WisdomTree from $13.50 to $14.75 and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of WisdomTree in a research report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

WisdomTree Stock Performance

WT stock opened at $15.46 on Tuesday. The firm has a 50 day simple moving average of $13.43 and a 200 day simple moving average of $13.12. WisdomTree has a 52 week low of $7.47 and a 52 week high of $17.09. The stock has a market cap of $2.18 billion, a P/E ratio of 20.62 and a beta of 1.09. 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 (NYSE:WT) last released its quarterly earnings data on Friday, January 30th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.06. The firm had revenue of $147.40 million for the quarter, compared to analyst estimates of $142.78 million. WisdomTree had a net margin of 22.10% and a return on equity of 30.24%. The company’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 EPS. Research analysts anticipate that WisdomTree will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th will be given a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.8%. WisdomTree’s dividend payout ratio (DPR) is currently 16.00%.

Insider Buying and Selling at WisdomTree

In related news, COO R Jarrett Lilien sold 12,500 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $11.01, for a total transaction of $137,625.00. Following the completion of the sale, the chief operating officer directly owned 998,638 shares of the company’s stock, valued at approximately $10,995,004.38. This represents a 1.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David M. Yates sold 6,820 shares of the business’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $11.12, for a total transaction of $75,838.40. Following the transaction, the insider directly owned 152,123 shares of the company’s stock, valued at approximately $1,691,607.76. This represents a 4.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 44,320 shares of company stock valued at $507,713. 9.30% of the stock is owned by insiders.

Institutional Trading of WisdomTree

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP raised its position in shares of WisdomTree by 1,679.0% during the third quarter. Quarry LP now owns 2,206 shares of the company’s stock valued at $31,000 after buying an additional 2,082 shares during the last quarter. First Horizon Corp acquired a new position in WisdomTree in the 3rd quarter valued at approximately $32,000. Flagship Harbor Advisors LLC bought a new stake in shares of WisdomTree in the 4th quarter worth approximately $36,000. Neo Ivy Capital Management acquired a new stake in shares of WisdomTree during the 3rd quarter worth approximately $37,000. Finally, Torren Management LLC acquired a new stake in shares of WisdomTree during the 4th quarter worth approximately $37,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.

About WisdomTree

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.