WisdomTree (NYSE:WT) Price Target Lowered to $11.00 at Oppenheimer

WisdomTree (NYSE:WT - Free Report) had its target price cut by Oppenheimer from $12.00 to $11.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have an outperform rating on the stock.

Other analysts have also issued research reports about the company. Craig Hallum initiated coverage on WisdomTree in a report on Wednesday, March 6th. They issued a buy rating and a $12.00 target price on the stock. Morgan Stanley increased their price target on shares of WisdomTree from $7.75 to $9.25 and gave the company an equal weight rating in a report on Wednesday, April 17th. Northland Securities upgraded WisdomTree from a market perform rating to an outperform rating and set a $12.00 price target on the stock in a research note on Wednesday, April 3rd. UBS Group increased their price objective on shares of WisdomTree from $9.00 to $12.00 and gave the company a buy rating in a research note on Friday, April 12th. Finally, Northcoast Research raised shares of WisdomTree from a neutral rating to a buy rating and set a $9.00 target price on the stock in a research note on Thursday, December 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $10.88.

WisdomTree Stock Up 2.5 %

WT traded up $0.22 during midday trading on Monday, hitting $8.95. 1,480,115 shares of the company's stock traded hands, compared to its average volume of 1,158,020. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.23 and a quick ratio of 1.66. WisdomTree has a one year low of $6.05 and a one year high of $9.69. The stock's fifty day simple moving average is $8.48 and its 200-day simple moving average is $7.35. The company has a market cap of $1.36 billion, a PE ratio of 13.77 and a beta of 1.49.

WisdomTree (NYSE:WT - Get Free Report) last announced its earnings results on Friday, February 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. WisdomTree had a return on equity of 15.15% and a net margin of 29.38%. The firm had revenue of $90.84 million during the quarter, compared to analysts' expectations of $90.32 million. During the same quarter in the prior year, the business earned $0.04 earnings per share. The company's revenue was up 23.9% on a year-over-year basis. As a group, equities analysts anticipate that WisdomTree will post 0.52 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Tuesday, February 13th. WisdomTree's dividend payout ratio is currently 18.46%.

Insider Activity at WisdomTree

In related news, CEO Jonathan L. Steinberg bought 303,781 shares of the company's stock in a transaction on Tuesday, February 13th. The stock was bought at an average cost of $7.20 per share, with a total value of $2,187,223.20. Following the completion of the purchase, the chief executive officer now owns 9,172,838 shares in the company, valued at approximately $66,044,433.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 7.80% of the stock is currently owned by company insiders.

Institutional Trading of WisdomTree

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in WisdomTree in the third quarter valued at about $26,000. Avior Wealth Management LLC acquired a new stake in shares of WisdomTree in the 4th quarter valued at approximately $40,000. Allspring Global Investments Holdings LLC bought a new position in WisdomTree during the 4th quarter worth approximately $46,000. Simplex Trading LLC acquired a new position in WisdomTree during the fourth quarter valued at approximately $55,000. Finally, KBC Group NV acquired a new position in WisdomTree during the third quarter valued at approximately $62,000. 78.64% of the stock is owned by institutional investors.

About WisdomTree

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.