The Goldman Sachs Group Lowers WisdomTree (NYSE:WT) Price Target to $8.50

WisdomTree (NYSE:WT - Get Free Report) had its target price lowered by stock analysts at The Goldman Sachs Group from $9.75 to $8.50 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a "sell" rating on the stock. The Goldman Sachs Group's price target would indicate a potential upside of 3.60% from the company's current price.

Several other research firms also recently commented on WT. Keefe, Bruyette & Woods dropped their price objective on WisdomTree from $12.00 to $10.50 and set a "market perform" rating on the stock in a research note on Tuesday, January 14th. Northcoast Research downgraded WisdomTree from a "buy" rating to a "neutral" rating in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $12.42.

WisdomTree Stock Performance

NYSE:WT traded up $0.03 during trading on Monday, reaching $8.21. The company's stock had a trading volume of 1,424,417 shares, compared to its average volume of 1,537,752. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 26.47 and a beta of 1.26. WisdomTree has a 12 month low of $7.47 and a 12 month high of $12.45. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92. The firm has a 50 day moving average of $8.76 and a 200-day moving average of $9.90.

WisdomTree (NYSE:WT - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.02). WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. Research analysts expect that WisdomTree will post 0.72 EPS for the current fiscal year.

Insider Activity

In other news, insider Alexis Marinof sold 90,980 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total transaction of $897,972.60. Following the completion of the transaction, the insider now directly owns 221,146 shares in the company, valued at $2,182,711.02. The trade was a 29.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 7.80% of the company's stock.

Institutional Investors Weigh In On WisdomTree

Several large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its holdings in shares of WisdomTree by 26.9% in the 3rd quarter. Principal Financial Group Inc. now owns 708,842 shares of the company's stock valued at $7,081,000 after acquiring an additional 150,257 shares in the last quarter. Truist Financial Corp raised its stake in WisdomTree by 142.9% in the fourth quarter. Truist Financial Corp now owns 73,579 shares of the company's stock valued at $773,000 after purchasing an additional 43,293 shares in the last quarter. Barclays PLC lifted its position in WisdomTree by 201.3% during the third quarter. Barclays PLC now owns 268,668 shares of the company's stock valued at $2,684,000 after purchasing an additional 179,493 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in WisdomTree by 589.2% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 249,249 shares of the company's stock worth $2,491,000 after buying an additional 213,086 shares in the last quarter. Finally, Caas Capital Management LP grew its stake in WisdomTree by 73.8% in the 4th quarter. Caas Capital Management LP now owns 129,184 shares of the company's stock worth $1,356,000 after buying an additional 54,863 shares in the last quarter. 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.