WisdomTree (NYSE:WT) Given New $8.50 Price Target at The Goldman Sachs Group

WisdomTree (NYSE:WT - Get Free Report) had its price objective cut by stock analysts at The Goldman Sachs Group from $9.75 to $8.50 in a report released on Monday,Benzinga reports. The brokerage currently has a "sell" rating on the stock. The Goldman Sachs Group's price objective indicates a potential upside of 3.60% from the company's current price.

WT has been the topic of a number of other research reports. Keefe, Bruyette & Woods dropped their target price on shares of WisdomTree from $12.00 to $10.50 and set a "market perform" rating on the stock in a research report on Tuesday, January 14th. Northcoast Research lowered shares of WisdomTree from a "buy" rating to a "neutral" rating in a report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $12.42.

WisdomTree Price Performance

Shares of WT traded up $0.03 during trading hours on Monday, reaching $8.21. The stock had a trading volume of 1,424,417 shares, compared to its average volume of 1,537,752. The stock has a market capitalization of $1.21 billion, a PE ratio of 26.47 and a beta of 1.26. WisdomTree has a 12 month low of $7.47 and a 12 month high of $12.45. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92. The company's 50-day moving average is $8.76 and its two-hundred day moving average is $9.90.

WisdomTree (NYSE:WT - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. Research analysts expect that WisdomTree will post 0.72 EPS for the current year.

Insider Buying and Selling at WisdomTree

In other WisdomTree news, insider Alexis Marinof sold 90,980 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $9.87, for a total value of $897,972.60. Following the sale, the insider now directly owns 221,146 shares in the company, valued at $2,182,711.02. The trade was a 29.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 7.80% of the company's stock.

Hedge Funds Weigh In On WisdomTree

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Byrne Asset Management LLC grew its stake in WisdomTree by 114.0% during the first quarter. Byrne Asset Management LLC now owns 3,852 shares of the company's stock valued at $34,000 after acquiring an additional 2,052 shares in the last quarter. Tobam grew its holdings in shares of WisdomTree by 44.3% during the first quarter. Tobam now owns 55,091 shares of the company's stock worth $491,000 after purchasing an additional 16,913 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of WisdomTree by 13.6% in the first quarter. Park Avenue Securities LLC now owns 32,973 shares of the company's stock worth $294,000 after purchasing an additional 3,958 shares during the last quarter. Rothschild Investment LLC increased its holdings in shares of WisdomTree by 12.0% in the first quarter. Rothschild Investment LLC now owns 274,158 shares of the company's stock worth $2,445,000 after buying an additional 29,395 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in WisdomTree by 729.0% during the 1st quarter. GAMMA Investing LLC now owns 40,399 shares of the company's stock valued at $360,000 after acquiring an additional 35,526 shares during the period. Institutional investors own 78.64% of the company's stock.

About WisdomTree

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.