WisdomTree (NYSE:WT) Price Target Raised to $21.00 at Oppenheimer

WisdomTree (NYSE:WT) had its price objective lifted by Oppenheimer from $17.00 to $21.00 in a research report report published on Tuesday, Marketbeat Ratings reports. Oppenheimer currently has an outperform rating on the stock.

A number of other research firms have also recently issued reports on WT. Morgan Stanley lifted their price target on WisdomTree from $13.50 to $14.75 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. Zacks Research cut shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. The Goldman Sachs Group boosted their price objective on shares of WisdomTree from $14.00 to $15.50 and gave the stock a “neutral” rating in a research report on Monday. Weiss Ratings reiterated a “buy (b-)” rating on shares of WisdomTree in a research report on Wednesday, January 21st. Finally, Northland Securities set a $20.00 target price on WisdomTree in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.25.

WisdomTree Price Performance

Shares of WisdomTree stock opened at $16.44 on Tuesday. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 21.91 and a beta of 1.09. The firm’s 50-day moving average price is $13.23 and its two-hundred day moving average price is $13.08. The company has a current ratio of 1.75, a quick ratio of 1.37 and a debt-to-equity ratio of 1.94. WisdomTree has a 1-year low of $7.47 and a 1-year high of $17.09.

WisdomTree (NYSE:WT) last announced its earnings results on Friday, January 30th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.23 by $0.06. WisdomTree had a return on equity of 30.24% and a net margin of 22.10%.The business had revenue of $147.40 million for the quarter, compared to the consensus estimate of $142.78 million. During the same period in the previous year, the business earned $0.17 EPS. WisdomTree’s revenue was up 33.2% compared to the same quarter last year. On average, equities analysts predict that WisdomTree will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $0.12 annualized dividend and a yield of 0.7%. WisdomTree’s payout ratio is presently 16.00%.

Insider Transactions at WisdomTree

In related news, COO R Jarrett Lilien sold 25,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $11.77, for a total transaction of $294,250.00. Following the sale, the chief operating officer owned 1,011,138 shares in the company, valued at $11,901,094.26. This represents a 2.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David M. Yates sold 6,820 shares of WisdomTree stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $11.12, for a total transaction of $75,838.40. Following the completion of the sale, the insider directly owned 152,123 shares of the company’s stock, valued at approximately $1,691,607.76. This trade represents a 4.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 44,320 shares of company stock valued at $507,713 over the last 90 days. 9.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On WisdomTree

Several large investors have recently added to or reduced their stakes in WT. Quarry LP increased its holdings in WisdomTree by 1,679.0% during the 3rd quarter. Quarry LP now owns 2,206 shares of the company’s stock worth $31,000 after purchasing an additional 2,082 shares in the last quarter. First Horizon Corp purchased a new stake in WisdomTree in the 3rd quarter valued at $32,000. Flagship Harbor Advisors LLC bought a new position in WisdomTree during the 4th quarter valued at $36,000. Neo Ivy Capital Management purchased a new position in WisdomTree during the 3rd quarter worth $37,000. Finally, Torren Management LLC purchased a new position in WisdomTree during the 4th quarter worth $37,000. Institutional investors own 78.64% of the company’s stock.

About WisdomTree

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.