WisdomTree's (WT) Outperform Rating Reiterated at Oppenheimer

WisdomTree (NYSE:WT - Get Free Report)'s stock had its "outperform" rating reissued by investment analysts at Oppenheimer in a research note issued on Monday, Benzinga reports. They currently have a $11.00 price objective on the stock. Oppenheimer's price objective points to a potential upside of 23.18% from the company's current price.

Several other equities analysts have also recently commented on the stock. UBS Group boosted their target price on shares of WisdomTree from $9.00 to $12.00 and gave the company a "buy" rating in a research report on Friday, April 12th. Northland Securities upgraded shares of WisdomTree from a "market perform" rating to an "outperform" rating and set a $12.00 price objective for the company in a research report on Wednesday, April 3rd. Morgan Stanley upped their price objective on shares of WisdomTree from $7.75 to $9.25 and gave the stock an "equal weight" rating in a research report on Wednesday, April 17th. Finally, Craig Hallum started coverage on shares of WisdomTree in a research report on Wednesday, March 6th. They set a "buy" rating and a $12.00 price objective for the company. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, WisdomTree currently has a consensus rating of "Moderate Buy" and a consensus price target of $10.88.

WisdomTree Stock Performance

WisdomTree stock traded up $0.28 during midday trading on Monday, hitting $8.93. The company's stock had a trading volume of 1,472,392 shares, compared to its average volume of 1,162,706. WisdomTree has a 1-year low of $6.05 and a 1-year high of $9.69. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.95 and a quick ratio of 2.18. The company has a 50-day moving average price of $8.64 and a two-hundred day moving average price of $7.42. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 12.99 and a beta of 1.49.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings data on Friday, April 26th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $96.84 million during the quarter, compared to analysts' expectations of $94.32 million. WisdomTree had a net margin of 29.80% and a return on equity of 16.31%. The business's revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.07 EPS. As a group, sell-side analysts predict that WisdomTree will post 0.52 earnings per share for the current year.

Insider Activity

In other news, CEO Jonathan L. Steinberg bought 303,781 shares of the stock in a transaction dated Tuesday, February 13th. The stock was bought at an average price of $7.20 per share, for a total transaction of $2,187,223.20. Following the completion of the acquisition, the chief executive officer now directly owns 9,172,838 shares in the company, valued at approximately $66,044,433.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On WisdomTree

Large investors have recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in shares of WisdomTree during the third quarter worth approximately $26,000. Avior Wealth Management LLC bought a new position in shares of WisdomTree in the fourth quarter worth approximately $40,000. Allspring Global Investments Holdings LLC bought a new position in shares of WisdomTree in the fourth quarter worth approximately $46,000. Simplex Trading LLC bought a new stake in WisdomTree in the fourth quarter valued at $55,000. Finally, KBC Group NV bought a new stake in WisdomTree in the third quarter valued at $62,000. 78.64% of the stock is currently owned by institutional investors.

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.