WisdomTree (NYSE:WT - Get Free Report) had its price target upped by equities researchers at UBS Group from $12.00 to $14.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. UBS Group's target price indicates a potential upside of 32.33% from the company's previous close.
Several other brokerages have also issued reports on WT. Oppenheimer lifted their price objective on shares of WisdomTree from $12.00 to $13.00 and gave the company an "outperform" rating in a report on Monday, July 29th. Northcoast Research downgraded shares of WisdomTree from a "strong-buy" rating to a "hold" rating in a research note on Sunday, September 15th. Northland Securities raised their target price on shares of WisdomTree from $12.00 to $13.50 and gave the company an "outperform" rating in a research note on Monday, July 29th. Craig Hallum raised their target price on shares of WisdomTree from $12.00 to $15.00 and gave the company a "buy" rating in a research note on Monday, July 29th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $12.00 price objective (up from $11.00) on shares of WisdomTree in a research note on Monday, July 29th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, WisdomTree currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.25.
Read Our Latest Report on WT
WisdomTree stock traded up $0.21 during midday trading on Tuesday, reaching $10.58. The stock had a trading volume of 405,724 shares, compared to its average volume of 1,261,254. The company has a quick ratio of 2.18, a current ratio of 3.01 and a debt-to-equity ratio of 0.62. WisdomTree has a 52-week low of $6.06 and a 52-week high of $12.02. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 15.56 and a beta of 1.43. The company has a fifty day moving average of $9.91 and a 200 day moving average of $9.83.
WisdomTree (NYSE:WT - Get Free Report) last issued its earnings results on Friday, July 26th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The business had revenue of $107.03 million for the quarter, compared to analyst estimates of $103.75 million. WisdomTree had a net margin of 19.72% and a return on equity of 19.22%. On average, analysts anticipate that WisdomTree will post 0.62 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP boosted its holdings 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 purchasing an additional 141,354 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of WisdomTree by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,042,815 shares of the company's stock worth $30,154,000 after acquiring an additional 25,759 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of WisdomTree by 7.5% in the 1st quarter. Janus Henderson Group PLC now owns 2,788,746 shares of the company's stock worth $25,629,000 after acquiring an additional 194,369 shares during the last quarter. Victory Capital Management Inc. increased its stake in WisdomTree by 92.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,922,414 shares of the company's stock worth $19,051,000 after buying an additional 923,994 shares during the period. Finally, Marshall Wace LLP increased its stake in WisdomTree by 82.3% during the 2nd quarter. Marshall Wace LLP now owns 772,543 shares of the company's stock worth $7,656,000 after buying an additional 348,850 shares during the period. 78.64% of the stock is currently owned by institutional investors and hedge funds.
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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