WisdomTree (NYSE:WT) Price Target Raised to $9.50

WisdomTree (NYSE:WT - Get Free Report) had its price objective boosted by analysts at The Goldman Sachs Group from $8.50 to $9.50 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "sell" rating on the stock. The Goldman Sachs Group's price target indicates a potential downside of 5.47% from the company's current price.

WisdomTree Stock Performance

Shares of WT stock traded down $0.19 during trading on Thursday, reaching $10.05. The company had a trading volume of 1,304,019 shares, compared to its average volume of 1,591,175. The firm's 50 day simple moving average is $9.14 and its two-hundred day simple moving average is $9.52. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.92 and a quick ratio of 2.13. WisdomTree has a one year low of $7.47 and a one year high of $12.45. The company has a market capitalization of $1.48 billion, a PE ratio of 32.42 and a beta of 1.11.

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

Institutional Trading of WisdomTree

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP grew its holdings in WisdomTree by 1,778.5% in the 4th quarter. Quarry LP now owns 2,799 shares of the company's stock valued at $29,000 after buying an additional 2,650 shares during the last quarter. Byrne Asset Management LLC grew its holdings in WisdomTree by 114.0% in the 1st quarter. Byrne Asset Management LLC now owns 3,852 shares of the company's stock valued at $34,000 after buying an additional 2,052 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in WisdomTree by 173.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock valued at $39,000 after buying an additional 2,405 shares during the last quarter. Versant Capital Management Inc grew its holdings in WisdomTree by 310.5% in the 1st quarter. Versant Capital Management Inc now owns 5,263 shares of the company's stock valued at $47,000 after buying an additional 3,981 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in WisdomTree by 60.7% in the 4th quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock valued at $49,000 after buying an additional 1,777 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company's stock.

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.