WisdomTree (NYSE:WT) PT Raised to $9.25 at Morgan Stanley

WisdomTree (NYSE:WT) had its price target boosted by Morgan Stanley from $7.75 to $9.25 in a report issued on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 5.41% from the stock’s current price.

WT has been the topic of several other reports. Craig Hallum assumed coverage on shares of WisdomTree in a research note on Wednesday, March 6th. They set a “buy” rating and a $12.00 target price on the stock. Northland Securities upgraded shares of WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 price target for the company in a research report on Wednesday, April 3rd. Oppenheimer increased their price objective on shares of WisdomTree from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Northcoast Research upgraded shares of WisdomTree from a “neutral” rating to a “buy” rating and set a $9.00 price objective for the company in a report on Thursday, December 28th. Finally, UBS Group increased their price objective on shares of WisdomTree from $9.00 to $12.00 and gave the company a “buy” rating in a report on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, WisdomTree presently has an average rating of “Moderate Buy” and a consensus target price of $11.04.

WisdomTree Price Performance

NYSE:WT opened at $8.78 on Wednesday. WisdomTree has a one year low of $6.05 and a one year high of $9.69. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.66 and a current ratio of 2.23. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 13.50 and a beta of 1.49. The firm’s fifty day moving average is $8.45 and its two-hundred day moving average is $7.34.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, February 2nd. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. WisdomTree had a net margin of 29.38% and a return on equity of 15.15%. The company had revenue of $90.84 million for the quarter, compared to analyst estimates of $90.32 million. During the same period in the prior year, the company earned $0.04 earnings per share. The firm’s revenue was up 23.9% on a year-over-year basis. Research analysts expect that WisdomTree will post 0.51 EPS for the current year.

Insider Activity

In other news, CEO Jonathan L. Steinberg purchased 303,781 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was acquired at an average price of $7.20 per share, with a total value of $2,187,223.20. Following the purchase, the chief executive officer now directly owns 9,172,838 shares in the company, valued at approximately $66,044,433.60. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On WisdomTree

A number of hedge funds have recently made changes to their positions in the stock. Quadrature Capital Ltd purchased a new position in shares of WisdomTree during the 4th quarter worth approximately $308,000. Wellington Management Group LLP boosted its position in WisdomTree by 3.8% in the 4th quarter. Wellington Management Group LLP now owns 3,897,242 shares of the company’s stock valued at $27,008,000 after buying an additional 141,354 shares during the period. Virtu Financial LLC purchased a new position in WisdomTree in the 4th quarter valued at approximately $94,000. Price T Rowe Associates Inc. MD boosted its position in WisdomTree by 162.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 587,274 shares of the company’s stock valued at $4,071,000 after buying an additional 363,123 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in WisdomTree in the 4th quarter valued at approximately $134,000. 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.