WisdomTree (NYSE:WT) Upgraded to "Buy (B-)" at Weiss Ratings

Key Points

• WisdomTree's stock has been upgraded from a "hold (c+)" rating to a "buy (b-)" rating by Weiss Ratings.
• The stock price target has been increased by several analysts, with Goldman Sachs raising it to $14.50 and Oppenheimer setting a target of $15.00.
• WisdomTree reported a revenue of $112.60 million for the last quarter, which is a 5.2% increase compared to the same period last year.

WisdomTree (NYSE:WT - Get Free Report) was upgraded by stock analysts at Weiss Ratings from a "hold (c+)" rating to a "buy (b-)" rating in a note issued to investors on Wednesday,Weiss Ratings reports.

Other analysts also recently issued reports about the company. Craig Hallum reiterated a "buy" rating on shares of WisdomTree in a research note on Monday, August 4th. The Goldman Sachs Group increased their price target on WisdomTree from $12.25 to $14.50 and gave the company a "neutral" rating in a report on Monday. Northland Securities set a $16.00 price target on WisdomTree in a report on Wednesday, September 3rd. Morgan Stanley increased their price target on WisdomTree from $12.50 to $13.50 and gave the company an "equal weight" rating in a report on Monday. Finally, Oppenheimer increased their price target on WisdomTree from $12.00 to $15.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, WisdomTree currently has an average rating of "Moderate Buy" and a consensus price target of $14.07.

WisdomTree Stock Up 1.8%

WT traded up $0.25 during trading on Wednesday, hitting $13.80. 1,030,881 shares of the company's stock traded hands, compared to its average volume of 2,251,003. The company's 50 day simple moving average is $13.60 and its two-hundred day simple moving average is $11.31. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 0.82. WisdomTree has a 12-month low of $7.47 and a 12-month high of $14.95. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 35.40 and a beta of 1.13.

WisdomTree (NYSE:WT - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. WisdomTree had a return on equity of 25.17% and a net margin of 16.25%.The business had revenue of $112.60 million for the quarter, compared to the consensus estimate of $110.66 million. During the same period last year, the business posted $0.16 EPS. The company's revenue was up 5.2% compared to the same quarter last year. Analysts predict that WisdomTree will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO R Jarrett Lilien sold 25,000 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $13.33, for a total value of $333,250.00. Following the transaction, the chief operating officer directly owned 1,048,638 shares of the company's stock, valued at approximately $13,978,344.54. This trade represents a 2.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 9.30% of the company's stock.

Hedge Funds Weigh In On WisdomTree

A number of institutional investors have recently bought and sold shares of WT. Maryland State Retirement & Pension System grew its stake in shares of WisdomTree by 2.3% during the second quarter. Maryland State Retirement & Pension System now owns 34,056 shares of the company's stock valued at $392,000 after buying an additional 778 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of WisdomTree by 4.2% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 22,957 shares of the company's stock valued at $264,000 after buying an additional 927 shares during the last quarter. Personal CFO Solutions LLC grew its stake in shares of WisdomTree by 7.9% during the second quarter. Personal CFO Solutions LLC now owns 13,422 shares of the company's stock valued at $154,000 after buying an additional 986 shares during the last quarter. Sheaff Brock Investment Advisors LLC grew its stake in shares of WisdomTree by 2.8% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 42,908 shares of the company's stock valued at $383,000 after buying an additional 1,155 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of WisdomTree by 1.5% during the second quarter. Osaic Holdings Inc. now owns 87,126 shares of the company's stock valued at $1,003,000 after acquiring an additional 1,266 shares in the last quarter. 78.64% of the stock is owned by institutional investors.

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.

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