WisdomTree (NYSE:WT) Price Target Raised to $14.00

WisdomTree (NYSE:WT) had its price target upped by UBS Group from $12.00 to $14.00 in a research report report published on Tuesday, Benzinga reports. UBS Group currently has a buy rating on the stock.

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

WisdomTree Stock Performance

WT stock opened at $10.38 on Tuesday. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 15.26 and a beta of 1.43. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.18 and a current ratio of 3.01. WisdomTree has a 1 year low of $6.06 and a 1 year high of $12.02. The stock’s fifty day moving average is $9.95 and its two-hundred day moving average is $9.85.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, July 26th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $107.03 million for the quarter, compared to analyst estimates of $103.75 million. WisdomTree had a return on equity of 19.22% and a net margin of 19.72%. On average, research analysts predict that WisdomTree will post 0.62 EPS for the current year.

Hedge Funds Weigh In On WisdomTree

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC boosted its position in shares of WisdomTree by 85.8% in the 2nd quarter. CWM LLC now owns 2,746 shares of the company’s stock valued at $27,000 after purchasing an additional 1,268 shares during the period. Headlands Technologies LLC acquired a new stake in WisdomTree during the 2nd quarter worth about $27,000. Gladius Capital Management LP acquired a new stake in WisdomTree during the 2nd quarter worth about $32,000. GAMMA Investing LLC boosted its position in WisdomTree by 76.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,054 shares of the company’s stock worth $40,000 after acquiring an additional 1,761 shares during the period. Finally, Bayesian Capital Management LP acquired a new stake in WisdomTree during the 1st quarter worth about $105,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

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.