Morgan Stanley Issues Pessimistic Forecast for WisdomTree (NYSE:WT) Stock Price
by Kim Johansen · The Markets DailyWisdomTree (NYSE:WT – Get Free Report) had its price target decreased by analysts at Morgan Stanley from $16.75 to $16.50 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 11.99% from the company’s previous close.
Several other research analysts have also commented on WT. Weiss Ratings reiterated a “buy (b-)” rating on shares of WisdomTree in a research report on Wednesday, January 21st. Wall Street Zen lowered shares of WisdomTree from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Oppenheimer reduced their price target on shares of WisdomTree from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, March 26th. Northland Securities set a $20.00 price objective on shares of WisdomTree in a research report on Monday, February 2nd. Finally, The Goldman Sachs Group increased their price objective on shares of WisdomTree from $14.00 to $15.50 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $17.40.
Read Our Latest Analysis on WT
WisdomTree Price Performance
Shares of NYSE WT opened at $14.73 on Wednesday. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.75 and a quick ratio of 1.37. WisdomTree has a 1-year low of $7.47 and a 1-year high of $17.68. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 19.53 and a beta of 1.09. The business has a 50-day moving average of $15.90 and a 200-day moving average of $13.76.
WisdomTree (NYSE:WT – Get Free Report) last released its quarterly earnings results on Friday, January 30th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.23 by $0.06. WisdomTree had a return on equity of 30.24% and a net margin of 22.10%.The firm had revenue of $147.43 million for the quarter, compared to analyst estimates of $142.78 million. During the same period in the previous year, the company posted $0.17 EPS. WisdomTree’s revenue for the quarter was up 33.2% on a year-over-year basis. On average, equities analysts anticipate that WisdomTree will post 0.72 EPS for the current fiscal year.
Insider Buying and Selling
In other WisdomTree news, COO R Jarrett Lilien sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $16.84, for a total value of $505,200.00. Following the sale, the chief operating officer owned 1,140,245 shares in the company, valued at approximately $19,201,725.80. This trade represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 9.30% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. World Investment Advisors acquired a new position in shares of WisdomTree during the fourth quarter valued at $128,000. Hsbc Holdings PLC bought a new position in WisdomTree in the 4th quarter valued at about $1,752,000. Caitong International Asset Management Co. Ltd increased its stake in WisdomTree by 216.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,950 shares of the company’s stock valued at $36,000 after buying an additional 2,017 shares during the period. Mercer Global Advisors Inc. ADV raised its position in shares of WisdomTree by 37.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 26,425 shares of the company’s stock worth $322,000 after buying an additional 7,223 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of WisdomTree during the 4th quarter worth about $611,000. Institutional investors own 78.64% of the company’s stock.
About WisdomTree
WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.
WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.