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Morgan Stanley Boosts WisdomTree (NYSE:WT) Price Target to $13.50

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Key Points

  • Morgan Stanley has increased its target price for WisdomTree (NYSE:WT) from $12.50 to $13.50, maintaining an "equal weight" rating on the stock.
  • WisdomTree's current market capitalization stands at $2.03 billion, and it recently traded at $13.82, showing a 1.6% increase in one trading session.
  • Insider transactions have been noted, with COO R Jarrett Lilien selling 25,000 shares, representing a 2.33% decrease in his holdings in the company.
  • Five stocks we like better than WisdomTree.

WisdomTree (NYSE:WT - Get Free Report) had its target price boosted by stock analysts at Morgan Stanley from $12.50 to $13.50 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Morgan Stanley's price objective points to a potential downside of 2.28% from the company's current price.

WT has been the topic of several other research reports. Weiss Ratings restated a "hold (c+)" rating on shares of WisdomTree in a research note on Saturday, September 27th. Craig Hallum restated a "buy" rating on shares of WisdomTree in a research note on Monday, August 4th. The Goldman Sachs Group upgraded WisdomTree from a "sell" rating to a "neutral" rating and boosted their target price for the company from $9.50 to $11.90 in a research note on Friday, June 27th. Northcoast Research upgraded WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 target price on the stock in a research note on Wednesday, July 2nd. Finally, Oppenheimer upped their price objective on WisdomTree from $12.00 to $15.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.70.

Get Our Latest Stock Report on WT

WisdomTree Trading Up 1.6%

WT traded up $0.22 during midday trading on Monday, reaching $13.82. 488,506 shares of the company were exchanged, compared to its average volume of 2,241,041. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.44. WisdomTree has a one year low of $7.47 and a one year high of $14.95. The stock has a market capitalization of $2.03 billion, a P/E ratio of 35.43 and a beta of 1.13. The stock's 50-day simple moving average is $13.59 and its 200 day simple moving average is $11.26.

WisdomTree (NYSE:WT - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.18. WisdomTree had a return on equity of 25.17% and a net margin of 16.25%.The firm had revenue of $112.60 million for the quarter, compared to analysts' expectations of $110.66 million. During the same quarter last year, the business earned $0.16 earnings per share. The company's revenue was up 5.2% compared to the same quarter last year. As a group, analysts forecast that WisdomTree will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling at WisdomTree

In related news, COO R Jarrett Lilien sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $13.33, for a total transaction of $333,250.00. Following the transaction, the chief operating officer directly owned 1,048,638 shares of the company's stock, valued at approximately $13,978,344.54. The trade was a 2.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 9.30% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WT. Byrne Asset Management LLC grew its holdings in WisdomTree by 114.0% in the 1st quarter. Byrne Asset Management LLC now owns 3,852 shares of the company's stock valued at $34,000 after buying an additional 2,052 shares in the last quarter. Quarry LP grew its holdings in WisdomTree by 112.4% in the 1st quarter. Quarry LP now owns 5,944 shares of the company's stock valued at $53,000 after buying an additional 3,145 shares in the last quarter. Traub Capital Management LLC acquired a new position in WisdomTree in the 2nd quarter valued at $58,000. Russell Investments Group Ltd. grew its holdings in WisdomTree by 758.2% in the 1st quarter. Russell Investments Group Ltd. now owns 6,986 shares of the company's stock valued at $62,000 after buying an additional 6,172 shares in the last quarter. Finally, Ieq Capital LLC acquired a new stake in shares of WisdomTree during the 1st quarter worth $94,000. 78.64% of the stock is owned by institutional investors and hedge funds.

WisdomTree Company Profile

(Get Free Report)

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.

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