WisdomTree (NYSE:WT) Stock Price Expected to Rise, Oppenheimer Analyst Says

WisdomTree (NYSE:WT - Get Free Report) had its target price hoisted by stock analysts at Oppenheimer from $12.00 to $15.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Oppenheimer's price target would suggest a potential upside of 11.98% from the company's previous close.

A number of other research firms also recently weighed in on WT. The Goldman Sachs Group raised shares of WisdomTree from a "sell" rating to a "neutral" rating and raised their target price for the company from $9.50 to $11.90 in a research report on Friday, June 27th. Northcoast Research raised shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 target price for the company in a research report on Wednesday, July 2nd. Finally, Morgan Stanley increased their price target on shares of WisdomTree from $9.75 to $11.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 2nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, WisdomTree has a consensus rating of "Moderate Buy" and a consensus price target of $13.24.

WisdomTree Price Performance

Shares of WT stock traded up $0.47 during trading hours on Tuesday, reaching $13.40. 1,738,046 shares of the company were exchanged, compared to its average volume of 1,763,666. The stock's fifty day moving average is $10.70 and its two-hundred day moving average is $9.64. WisdomTree has a fifty-two week low of $7.47 and a fifty-two week high of $13.41. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 38.27 and a beta of 1.14. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.83 and a quick ratio of 2.79.

WisdomTree (NYSE:WT - Get Free Report) last issued its earnings results on Friday, May 2nd. The company reported $0.16 EPS for the quarter, meeting 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 the consensus estimate of $108.47 million. During the same quarter in the prior year, the firm earned $0.12 earnings per share. The business's quarterly revenue was up 11.7% on a year-over-year basis. Sell-side analysts forecast that WisdomTree will post 0.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WT. Raymond James Financial Inc. acquired a new position in WisdomTree during the fourth quarter worth $4,262,000. Envestnet Portfolio Solutions Inc. acquired a new position in WisdomTree during the fourth quarter worth $172,000. Cibc World Markets Corp acquired a new position in WisdomTree during the fourth quarter worth $137,000. Xponance Inc. acquired a new position in WisdomTree during the fourth quarter worth $105,000. Finally, American Century Companies Inc. raised its holdings in WisdomTree by 14.4% during the fourth quarter. American Century Companies Inc. now owns 332,404 shares of the company's stock worth $3,490,000 after buying an additional 41,737 shares during the last quarter. 78.64% of the stock is owned by institutional investors.

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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