WisdomTree (NYSE:WT) PT Raised to $14.00 at UBS Group

WisdomTree (NYSE:WT) had its target price increased by research analysts at UBS Group from $12.00 to $14.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price indicates a potential upside of 32.33% from the company’s current price.

Other analysts also recently issued research reports about the stock. Northcoast Research downgraded shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 15th. Northland Securities lifted their target price on shares of WisdomTree from $12.00 to $13.50 and gave the company an “outperform” rating in a report on Monday, July 29th. Oppenheimer lifted their target price on shares of WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Craig Hallum lifted their target price on shares of WisdomTree from $12.00 to $15.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $12.00 price objective (up previously from $11.00) on shares of WisdomTree in a report on Monday, July 29th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.25.

WisdomTree Stock Up 2.0 %

NYSE:WT traded up $0.21 during midday trading on Tuesday, hitting $10.58. 405,724 shares of the company were exchanged, compared to its average volume of 1,261,254. The company has a fifty day simple moving average of $9.91 and a 200 day simple moving average of $9.83. WisdomTree has a fifty-two week low of $6.06 and a fifty-two week high of $12.02. The company has a current ratio of 3.01, a quick ratio of 2.18 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.61 billion, a PE ratio of 15.56 and a beta of 1.43.

WisdomTree (NYSE:WT) last announced its quarterly earnings results on Friday, July 26th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. WisdomTree had a net margin of 19.72% and a return on equity of 19.22%. The firm had revenue of $107.03 million for the quarter, compared to analyst estimates of $103.75 million. As a group, equities analysts anticipate that WisdomTree will post 0.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On WisdomTree

Institutional investors have recently modified their holdings of the company. JGP Wealth Management LLC purchased a new stake in WisdomTree in the third quarter valued at approximately $118,000. Tobam grew its stake in WisdomTree by 29.5% during the third quarter. Tobam now owns 23,705 shares of the company’s stock worth $237,000 after buying an additional 5,397 shares during the period. GAMMA Investing LLC grew its stake in WisdomTree by 76.8% during the third quarter. GAMMA Investing LLC now owns 4,054 shares of the company’s stock worth $40,000 after buying an additional 1,761 shares during the period. Park Avenue Securities LLC purchased a new stake in WisdomTree during the third quarter worth approximately $105,000. Finally, Truist Financial Corp purchased a new stake in WisdomTree during the second quarter worth approximately $260,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

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.