WisdomTree (NYSE:WT) Raised to "Neutral" at The Goldman Sachs Group

WisdomTree (NYSE:WT - Get Free Report) was upgraded by equities research analysts at The Goldman Sachs Group from a "sell" rating to a "neutral" rating in a research note issued to investors on Friday,Finviz reports. The firm presently has a $11.90 price target on the stock. The Goldman Sachs Group's price target would indicate a potential upside of 7.16% from the stock's current price.

WisdomTree Price Performance

WT stock opened at $11.11 on Friday. WisdomTree has a 52 week low of $7.47 and a 52 week high of $12.45. The firm has a market capitalization of $1.63 billion, a P/E ratio of 31.73 and a beta of 1.11. The company has a quick ratio of 2.79, a current ratio of 3.83 and a debt-to-equity ratio of 1.23. The company has a fifty day simple moving average of $9.56 and a two-hundred day simple moving average of $9.48.

WisdomTree (NYSE:WT - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. WisdomTree had a net margin of 15.77% and a return on equity of 25.46%. The firm had revenue of $108.08 million during the quarter, compared to analyst estimates of $108.47 million. During the same quarter in the previous year, the business posted $0.12 EPS. WisdomTree's revenue was up 11.7% on a year-over-year basis. Analysts anticipate that WisdomTree will post 0.72 earnings per share for the current fiscal year.

Institutional Trading of WisdomTree

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Voya Investment Management LLC lifted its stake in shares of WisdomTree by 8.9% during the first quarter. Voya Investment Management LLC now owns 497,432 shares of the company's stock valued at $4,437,000 after buying an additional 40,485 shares during the period. Militia Capital Partners LP raised its holdings in WisdomTree by 61.4% in the first quarter. Militia Capital Partners LP now owns 28,400 shares of the company's stock valued at $253,000 after acquiring an additional 10,800 shares in the last quarter. Jane Street Group LLC raised its position in shares of WisdomTree by 379.3% during the 1st quarter. Jane Street Group LLC now owns 880,977 shares of the company's stock valued at $7,858,000 after acquiring an additional 697,156 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in WisdomTree by 2.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 456,990 shares of the company's stock valued at $4,076,000 after acquiring an additional 12,402 shares during the period. Finally, Caxton Associates LLP bought a new stake in WisdomTree in the 1st quarter valued at about $533,000. 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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