WisdomTree (NYSE:WT) Upgraded by Northcoast Research to "Buy" Rating

WisdomTree (NYSE:WT - Get Free Report) was upgraded by analysts at Northcoast Research from a "neutral" rating to a "buy" rating in a research report issued on Wednesday, Marketbeat Ratings reports. The firm currently has a $15.00 price objective on the stock. Northcoast Research's price objective would indicate a potential upside of 17.92% from the company's previous close.

Separately, The Goldman Sachs Group upgraded WisdomTree from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $9.50 to $11.90 in a research report on Friday, June 27th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $12.99.

WisdomTree Trading Up 3.8%

WisdomTree stock traded up $0.47 during trading hours on Wednesday, reaching $12.72. The stock had a trading volume of 3,065,060 shares, compared to its average volume of 1,688,081. The company has a fifty day simple moving average of $9.91 and a 200-day simple moving average of $9.49. WisdomTree has a 52 week low of $7.47 and a 52 week high of $12.54. The stock has a market cap of $1.87 billion, a PE ratio of 36.34 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 posted its earnings results on Friday, May 2nd. The company reported $0.16 earnings per share for the quarter, hitting analysts' consensus estimates of $0.16. WisdomTree had a net margin of 15.77% and a return on equity of 25.46%. The company had revenue of $108.08 million during the quarter, compared to analyst estimates of $108.47 million. During the same period in the prior year, the business posted $0.12 earnings per share. WisdomTree's revenue for the quarter was up 11.7% on a year-over-year basis. Analysts forecast that WisdomTree will post 0.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP grew its holdings in WisdomTree by 1,778.5% in the fourth quarter. Quarry LP now owns 2,799 shares of the company's stock worth $29,000 after purchasing an additional 2,650 shares during the period. Byrne Asset Management LLC boosted its position in shares of WisdomTree by 114.0% in the 1st quarter. Byrne Asset Management LLC now owns 3,852 shares of the company's stock worth $34,000 after purchasing an additional 2,052 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of WisdomTree by 173.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock worth $39,000 after buying an additional 2,405 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of WisdomTree by 310.5% in the 1st quarter. Versant Capital Management Inc now owns 5,263 shares of the company's stock worth $47,000 after buying an additional 3,981 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in WisdomTree by 60.7% during 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 in the last quarter. Hedge funds and other institutional investors 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.