Keefe, Bruyette & Woods Issues Pessimistic Forecast for WisdomTree (NYSE:WT) Stock Price

WisdomTree (NYSE:WT) had its target price dropped by investment analysts at Keefe, Bruyette & Woods from $12.00 to $10.50 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 14.13% from the company’s previous close.

WT has been the subject of a number of other reports. Northcoast Research cut shares of WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. UBS Group raised their price objective on WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.54.

WisdomTree Stock Performance

Shares of NYSE:WT traded down $0.09 during midday trading on Tuesday, hitting $9.20. The company had a trading volume of 560,154 shares, compared to its average volume of 2,410,635. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 31.73 and a beta of 1.49. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.88 and a quick ratio of 2.16. The company has a fifty day moving average of $10.99 and a two-hundred day moving average of $10.45. WisdomTree has a 12-month low of $6.67 and a 12-month high of $12.45.

Insiders Place Their Bets

In other WisdomTree news, insider Peter M. Ziemba sold 100,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $11.43, for a total value of $1,143,000.00. Following the completion of the sale, the insider now owns 948,386 shares in the company, valued at approximately $10,840,051.98. This represents a 9.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $11.34, for a total value of $34,020,000.00. Following the completion of the sale, the insider now directly owns 12,250,000 shares of the company’s stock, valued at approximately $138,915,000. This represents a 19.67 % decrease in their position. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by insiders.

Institutional Trading of WisdomTree

A number of hedge funds and other institutional investors have recently modified their holdings of WT. Arizona State Retirement System grew its stake in shares of WisdomTree by 9.8% in the second quarter. Arizona State Retirement System now owns 34,009 shares of the company’s stock valued at $337,000 after buying an additional 3,022 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of WisdomTree during the second quarter worth about $152,000. Headlands Technologies LLC purchased a new position in shares of WisdomTree in the second quarter valued at approximately $27,000. American Century Companies Inc. lifted its holdings in WisdomTree by 24.9% during the 2nd quarter. American Century Companies Inc. now owns 231,482 shares of the company’s stock worth $2,294,000 after buying an additional 46,090 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in WisdomTree in the 2nd quarter valued at approximately $140,000. 78.64% of the stock is owned by institutional investors and hedge funds.

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.