WisdomTree (NYSE:WT) Price Target Lowered to $10.50 at Keefe, Bruyette & Woods

WisdomTree (NYSE:WT - Get Free Report) had its target price reduced by equities research analysts at Keefe, Bruyette & Woods from $12.00 to $10.50 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price objective would indicate a potential upside of 11.70% from the company's current price.

Several other analysts also recently commented on the stock. UBS Group raised their target price on shares of WisdomTree from $12.00 to $14.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Northcoast Research cut shares of WisdomTree from a "buy" rating to a "neutral" rating in a research note on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $12.54.

WisdomTree Stock Performance

WT stock traded up $0.11 during mid-day trading on Tuesday, reaching $9.40. 1,862,832 shares of the stock traded hands, compared to its average volume of 2,579,691. WisdomTree has a 52 week low of $6.67 and a 52 week high of $12.45. The business has a 50-day moving average of $10.99 and a two-hundred day moving average of $10.45. The firm has a market capitalization of $1.37 billion, a PE ratio of 32.41 and a beta of 1.49. The company has a quick ratio of 2.16, a current ratio of 2.88 and a debt-to-equity ratio of 1.36.

Insiders Place Their Bets

In other WisdomTree news, CEO Jonathan L. Steinberg purchased 67,869 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average price of $10.84 per share, for a total transaction of $735,699.96. Following the purchase, the chief executive officer now directly owns 9,240,707 shares in the company, valued at approximately $100,169,263.88. This trade represents a 0.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Peter M. Ziemba sold 100,000 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $11.43, for a total transaction of $1,143,000.00. Following the sale, the insider now directly owns 948,386 shares of the company's stock, valued at $10,840,051.98. This represents a 9.54 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.80% of the company's stock.

Hedge Funds Weigh In On WisdomTree

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Amalgamated Bank increased its stake in WisdomTree by 2.8% in the 3rd quarter. Amalgamated Bank now owns 36,023 shares of the company's stock valued at $360,000 after buying an additional 986 shares during the period. Oppenheimer & Co. Inc. raised its holdings in WisdomTree by 3.1% in the third quarter. Oppenheimer & Co. Inc. now owns 33,500 shares of the company's stock valued at $335,000 after buying an additional 1,000 shares during the period. Impact Partnership Wealth LLC raised its holdings in shares of WisdomTree by 3.3% during the third quarter. Impact Partnership Wealth LLC now owns 34,467 shares of the company's stock worth $344,000 after purchasing an additional 1,108 shares during the period. Louisiana State Employees Retirement System lifted its stake in WisdomTree by 2.3% in the third quarter. Louisiana State Employees Retirement System now owns 57,500 shares of the company's stock valued at $574,000 after buying an additional 1,300 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of WisdomTree by 3.4% during the second quarter. Hsbc Holdings PLC now owns 47,546 shares of the company's stock valued at $467,000 after buying an additional 1,576 shares during the last quarter. 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.