The Goldman Sachs Group Issues Positive Forecast for WisdomTree (NYSE:WT) Stock Price

Key Points

• Goldman Sachs has increased the price target for WisdomTree stock from $12.25 to $14.50, indicating a potential upside of 4.50% from the stock's previous close.
• Several analysts have provided positive ratings for WisdomTree, with a consensus rating of "Moderate Buy" and an average target price of $14.07.
• WisdomTree reported $0.18 earnings per share for the last quarter, matching analyst expectations, and showed a year-over-year revenue increase of 5.2% to $112.60 million.

WisdomTree (NYSE:WT - Get Free Report) had its price target boosted by The Goldman Sachs Group from $12.25 to $14.50 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. The Goldman Sachs Group's price objective suggests a potential upside of 4.50% from the stock's previous close.

WT has been the subject of several other reports. Oppenheimer lifted their target price on shares of WisdomTree from $12.00 to $15.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Craig Hallum reiterated a "buy" rating on shares of WisdomTree in a research note on Monday, August 4th. Northland Securities set a $16.00 price target on shares of WisdomTree in a research note on Wednesday, September 3rd. Northcoast Research upgraded WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price objective for the company in a research note on Wednesday, July 2nd. Finally, Morgan Stanley restated a "positive" rating on shares of WisdomTree in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $14.07.

WisdomTree Trading Up 2.0%

WT traded up $0.28 during trading on Monday, hitting $13.88. 1,278,520 shares of the stock traded hands, compared to its average volume of 2,245,243. WisdomTree has a 12-month low of $7.47 and a 12-month high of $14.95. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.44 and a quick ratio of 1.04. The firm has a 50-day moving average of $13.59 and a 200 day moving average of $11.26. The firm has a market capitalization of $2.04 billion, a P/E ratio of 35.58 and a beta of 1.13.

WisdomTree (NYSE:WT - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. WisdomTree had a net margin of 16.25% and a return on equity of 25.17%. The company had revenue of $112.60 million for the quarter, compared to analysts' expectations of $110.66 million. During the same quarter in the previous year, the company earned $0.16 earnings per share. WisdomTree's quarterly revenue was up 5.2% on a year-over-year basis. Equities research analysts anticipate that WisdomTree will post 0.72 EPS for the current year.

Insider Activity

In related news, COO R Jarrett Lilien sold 25,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $13.33, for a total transaction of $333,250.00. Following the sale, the chief operating officer directly owned 1,048,638 shares of the company's stock, valued at $13,978,344.54. This trade represents a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.30% of the stock is currently owned by company insiders.

Institutional Trading of WisdomTree

A number of institutional investors and hedge funds have recently modified their holdings of WT. Osaic Holdings Inc. lifted its stake in shares of WisdomTree by 1.5% in the second quarter. Osaic Holdings Inc. now owns 87,126 shares of the company's stock worth $1,003,000 after buying an additional 1,266 shares in the last quarter. Stonebridge Wealth Management LLC purchased a new position in shares of WisdomTree during the 2nd quarter worth approximately $186,000. Thrivent Financial for Lutherans increased its holdings in WisdomTree by 6.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 89,484 shares of the company's stock valued at $1,030,000 after purchasing an additional 5,432 shares during the last quarter. State of Wyoming raised its holdings in shares of WisdomTree by 229.4% in the 2nd quarter. State of Wyoming now owns 17,499 shares of the company's stock valued at $201,000 after buying an additional 12,187 shares during the period. Finally, Public Sector Pension Investment Board lifted its position in shares of WisdomTree by 8.8% during the second quarter. Public Sector Pension Investment Board now owns 395,016 shares of the company's stock worth $4,547,000 after purchasing an additional 32,085 shares in the last quarter. Hedge funds and other 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.

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