WisdomTree (NYSE:WT) Given “Market Perform” Rating at Keefe, Bruyette & Woods

WisdomTree (NYSE:WT)‘s stock had its “market perform” rating restated by investment analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Monday, Benzinga reports. They currently have a $12.00 price target on the stock, up from their prior price target of $11.00. Keefe, Bruyette & Woods’ price target points to a potential upside of 4.44% from the stock’s current price.

A number of other research firms also recently weighed in on WT. Northland Securities raised WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 target price on the stock in a report on Wednesday, April 3rd. Morgan Stanley increased their target price on WisdomTree from $7.75 to $9.25 and gave the company an “equal weight” rating in a report on Wednesday, April 17th. Oppenheimer upped their price target on WisdomTree from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, UBS Group upped their price target on WisdomTree from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $11.32.

WisdomTree Stock Performance

Shares of NYSE:WT traded down $0.13 during midday trading on Monday, reaching $11.49. 1,089,504 shares of the company’s stock traded hands, compared to its average volume of 1,084,248. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 16.88 and a beta of 1.49. 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 one year low of $6.06 and a one year high of $11.87. The stock has a 50 day moving average of $10.03 and a 200 day moving average of $8.90.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, April 26th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. WisdomTree had a return on equity of 19.22% and a net margin of 19.72%. The company had revenue of $96.84 million for the quarter, compared to the consensus estimate of $94.32 million. During the same quarter in the prior year, the company earned $0.07 earnings per share. WisdomTree’s revenue was up 18.0% on a year-over-year basis. As a group, equities research analysts anticipate that WisdomTree will post 0.58 EPS for the current fiscal year.

Institutional Trading of WisdomTree

A number of hedge funds have recently modified their holdings of WT. Vanguard Group Inc. purchased a new position in WisdomTree during the third quarter worth approximately $103,908,000. Capital Management Corp VA purchased a new position in WisdomTree in the fourth quarter worth approximately $8,342,000. Principal Financial Group Inc. purchased a new position in WisdomTree in the fourth quarter worth approximately $4,003,000. ClariVest Asset Management LLC purchased a new position in shares of WisdomTree during the first quarter worth $3,840,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of WisdomTree by 7.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,998,260 shares of the company’s stock worth $27,710,000 after buying an additional 294,060 shares during the period. Hedge funds and other institutional investors 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.