WisdomTree (NYSE:WT) PT Raised to $9.25 at Morgan Stanley

WisdomTree (NYSE:WT - Get Free Report) had its price objective hoisted by research analysts at Morgan Stanley from $7.75 to $9.25 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Morgan Stanley's price target suggests a potential upside of 5.41% from the stock's current price.

A number of other equities analysts have also recently issued reports on WT. Oppenheimer increased their price objective on shares of WisdomTree from $11.00 to $12.00 and gave the stock an "outperform" rating in a research report on Monday, February 5th. Craig Hallum began coverage on shares of WisdomTree in a research report on Wednesday, March 6th. They set a "buy" rating and a $12.00 price objective on the stock. Northland Securities upgraded shares of WisdomTree from a "market perform" rating to an "outperform" rating and set a $12.00 target price on the stock in a report on Wednesday, April 3rd. UBS Group upped their target price on shares of WisdomTree from $9.00 to $12.00 and gave the stock a "buy" rating in a report on Friday, April 12th. Finally, Northcoast Research upgraded shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $9.00 target price on the stock in a report on Thursday, December 28th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.04.

WisdomTree Price Performance

Shares of NYSE:WT traded up $0.10 during trading on Wednesday, hitting $8.78. 1,114,754 shares of the company were exchanged, compared to its average volume of 1,157,191. The business's 50 day moving average is $8.45 and its 200-day moving average is $7.34. The company has a market capitalization of $1.33 billion, a P/E ratio of 13.50 and a beta of 1.49. The company has a quick ratio of 1.66, a current ratio of 2.23 and a debt-to-equity ratio of 0.67. WisdomTree has a 1-year low of $6.05 and a 1-year high of $9.69.

WisdomTree (NYSE:WT - Get Free Report) last posted its quarterly earnings data on Friday, February 2nd. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. The business had revenue of $90.84 million during the quarter, compared to the consensus estimate of $90.32 million. WisdomTree had a return on equity of 15.15% and a net margin of 29.38%. WisdomTree's quarterly revenue was up 23.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.04 earnings per share. Equities analysts forecast that WisdomTree will post 0.51 earnings per share for the current year.

Insider Buying and Selling at WisdomTree

In other news, CEO Jonathan L. Steinberg acquired 303,781 shares of the firm's stock in a transaction on Tuesday, February 13th. The shares were purchased at an average price of $7.20 per share, for a total transaction of $2,187,223.20. Following the completion of the transaction, the chief executive officer now owns 9,172,838 shares of the company's stock, valued at $66,044,433.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.80% of the company's stock.

Institutional Investors Weigh In On WisdomTree

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. bought a new position in shares of WisdomTree in the third quarter worth approximately $103,908,000. Massachusetts Financial Services Co. MA bought a new position in shares of WisdomTree in the third quarter worth approximately $34,737,000. Wellington Management Group LLP bought a new position in shares of WisdomTree in the third quarter worth approximately $26,291,000. Toroso Investments LLC purchased a new position in shares of WisdomTree during the third quarter valued at approximately $11,022,000. Finally, Northern Trust Corp purchased a new position in shares of WisdomTree during the third quarter valued at approximately $10,407,000. Institutional investors own 78.64% of the company's stock.

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.