The Goldman Sachs Group Increases WisdomTree (NYSE:WT) Price Target to $9.50

WisdomTree (NYSE:WT - Get Free Report) had its target price increased by equities research analysts at The Goldman Sachs Group from $8.50 to $9.50 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a "sell" rating on the stock. The Goldman Sachs Group's price target would suggest a potential downside of 5.61% from the stock's previous close.

WisdomTree Price Performance

WisdomTree stock traded down $0.18 during mid-day trading on Thursday, reaching $10.07. The company had a trading volume of 87,876 shares, compared to its average volume of 1,578,292. The stock's 50-day simple moving average is $9.10 and its 200-day simple moving average is $9.56. WisdomTree has a 1 year low of $7.47 and a 1 year high of $12.45. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.92 and a quick ratio of 2.13. The company has a market capitalization of $1.48 billion, a P/E ratio of 32.47 and a beta of 1.11.

WisdomTree (NYSE:WT - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $108.08 million during the quarter, compared to the consensus estimate of $108.47 million. WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. WisdomTree's quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the business posted $0.12 EPS. On average, equities analysts predict that WisdomTree will post 0.72 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WT. Entropy Technologies LP purchased a new position in WisdomTree during the fourth quarter worth $443,000. Stonebridge Financial Group LLC acquired a new position in WisdomTree in the 4th quarter valued at $60,000. Legato Capital Management LLC boosted its stake in WisdomTree by 8.0% in the 4th quarter. Legato Capital Management LLC now owns 108,847 shares of the company's stock worth $1,143,000 after buying an additional 8,044 shares during the last quarter. Principal Securities Inc. increased its stake in shares of WisdomTree by 146.1% during the 4th quarter. Principal Securities Inc. now owns 12,858 shares of the company's stock valued at $135,000 after acquiring an additional 7,633 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC lifted its holdings in shares of WisdomTree by 8.3% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 41,753 shares of the company's stock worth $438,000 after acquiring an additional 3,206 shares during the period. 78.64% of the stock is currently owned by institutional investors and hedge funds.

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.