Morgan Stanley Issues Pessimistic Forecast for WisdomTree (NYSE:WT) Stock Price

WisdomTree (NYSE:WT) had its target price lowered by stock analysts at Morgan Stanley from $16.75 to $16.50 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 14.05% from the stock’s current price.

Several other analysts have also issued reports on WT. Zacks Research upgraded shares of WisdomTree from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Wall Street Zen downgraded shares of WisdomTree from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Oppenheimer dropped their price target on shares of WisdomTree from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Thursday, March 26th. Northland Securities set a $20.00 price objective on shares of WisdomTree in a research report on Monday, February 2nd. Finally, The Goldman Sachs Group upped their price objective on WisdomTree from $14.00 to $15.50 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, WisdomTree currently has an average rating of “Moderate Buy” and an average price target of $17.40.

WisdomTree Stock Down 0.0%

WT stock opened at $14.47 on Wednesday. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 19.29 and a beta of 1.11. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.37 and a current ratio of 1.75. The business’s 50-day moving average is $15.85 and its two-hundred day moving average is $13.77. WisdomTree has a fifty-two week low of $7.47 and a fifty-two week high of $17.68.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, January 30th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 $147.43 million during the quarter, compared to the consensus estimate of $142.78 million. During the same period in the previous year, the company posted $0.17 EPS. The business’s quarterly revenue was up 33.2% compared to the same quarter last year. As a group, analysts forecast that WisdomTree will post 0.72 earnings per share for the current year.

Insider Buying and Selling

In other WisdomTree news, COO R Jarrett Lilien sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $16.84, for a total transaction of $505,200.00. Following the sale, the chief operating officer owned 1,140,245 shares in the company, valued at approximately $19,201,725.80. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.30% of the company’s stock.

Institutional Trading of WisdomTree

Hedge funds and other institutional investors have recently modified their holdings of the company. Nordea Investment Management AB boosted its holdings in shares of WisdomTree by 27.4% during the 3rd quarter. Nordea Investment Management AB now owns 524,014 shares of the company’s stock valued at $7,284,000 after purchasing an additional 112,542 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of WisdomTree by 48.6% in the third quarter. Principal Financial Group Inc. now owns 854,509 shares of the company’s stock worth $11,878,000 after buying an additional 279,296 shares in the last quarter. Public Sector Pension Investment Board lifted its position in shares of WisdomTree by 18.8% in the third quarter. Public Sector Pension Investment Board now owns 469,086 shares of the company’s stock worth $6,520,000 after buying an additional 74,070 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in WisdomTree during the third quarter valued at approximately $1,248,000. Finally, Tudor Investment Corp ET AL boosted its stake in WisdomTree by 18.7% during the third quarter. Tudor Investment Corp ET AL now owns 591,244 shares of the company’s stock valued at $8,218,000 after buying an additional 93,094 shares during the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Company Profile

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.