WisdomTree (NYSE:WT) Stock Price Expected to Rise, Morgan Stanley Analyst Says

WisdomTree (NYSE:WT) had its target price boosted by equities research analysts at Morgan Stanley from $18.00 to $20.50 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 18.57% from the company’s current price.

WT has been the subject of a number of other research reports. Wall Street Zen downgraded WisdomTree from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Northland Securities set a $22.00 target price on shares of WisdomTree in a report on Tuesday, June 2nd. Oppenheimer boosted their target price on shares of WisdomTree from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Weiss Ratings downgraded shares of WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a report on Friday, May 8th. Finally, Raymond James Financial initiated coverage on shares of WisdomTree in a research report on Tuesday, April 21st. They set an “outperform” rating and a $20.00 price target on the stock. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, WisdomTree presently has a consensus rating of “Moderate Buy” and an average target price of $19.22.

WisdomTree Stock Performance

NYSE WT opened at $17.29 on Friday. The company has a quick ratio of 4.18, a current ratio of 4.57 and a debt-to-equity ratio of 2.37. The company has a market capitalization of $2.64 billion, a P/E ratio of 42.28 and a beta of 1.15. WisdomTree has a 12-month low of $10.69 and a 12-month high of $19.85. The firm has a 50-day moving average price of $18.21 and a two-hundred day moving average price of $15.98.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, May 1st. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $159.50 million during the quarter, compared to the consensus estimate of $156.96 million. WisdomTree had a net margin of 11.26% and a return on equity of 33.31%. The firm’s quarterly revenue was up 47.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 earnings per share. Analysts anticipate that WisdomTree will post 1.14 earnings per share for the current year.

Insider Buying and Selling at WisdomTree

In other news, insider David M. Yates sold 15,000 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $18.06, for a total transaction of $270,900.00. Following the completion of the transaction, the insider directly owned 157,499 shares in the company, valued at approximately $2,844,431.94. This represents a 8.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO R Jarrett Lilien sold 30,000 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $18.99, for a total value of $569,700.00. Following the completion of the transaction, the chief operating officer owned 1,110,245 shares of the company’s stock, valued at $21,083,552.55. The trade was a 2.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 10.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On WisdomTree

Several large investors have recently modified their holdings of the business. Bank of America Corp DE grew its stake in shares of WisdomTree by 556.4% in the first quarter. Bank of America Corp DE now owns 2,327,389 shares of the company’s stock worth $33,887,000 after purchasing an additional 1,972,847 shares during the last quarter. Amundi boosted its position in shares of WisdomTree by 9.0% during the 1st quarter. Amundi now owns 20,300 shares of the company’s stock valued at $296,000 after purchasing an additional 1,680 shares in the last quarter. California State Teachers Retirement System boosted its stake in WisdomTree by 25.8% during the first quarter. California State Teachers Retirement System now owns 158,271 shares of the company’s stock worth $2,304,000 after acquiring an additional 32,495 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in WisdomTree in the first quarter worth $621,000. Finally, Quantinno Capital Management LP increased its position in WisdomTree by 178.9% in the 1st quarter. Quantinno Capital Management LP now owns 163,727 shares of the company’s stock valued at $2,384,000 after buying an additional 105,023 shares in the last quarter. 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.