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

WisdomTree (NYSE:WT) had its price target reduced by stock analysts at Keefe, Bruyette & Woods from $12.00 to $10.50 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 10.88% from the company’s previous close.

Several other analysts also recently weighed in on the company. UBS Group lifted their target price on WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Northcoast Research lowered shares of WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Three equities 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.54.

WisdomTree Price Performance

Shares of WT stock opened at $9.47 on Tuesday. The stock has a 50 day moving average price of $10.97 and a 200 day moving average price of $10.45. WisdomTree has a 52-week low of $6.67 and a 52-week high of $12.45. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.16 and a current ratio of 2.88. The firm has a market capitalization of $1.38 billion, a P/E ratio of 32.66 and a beta of 1.49.

Insider Buying and Selling

In other WisdomTree news, insider Peter M. Ziemba sold 100,000 shares of the stock in a transaction on 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 owns 948,386 shares of the company’s stock, valued at approximately $10,840,051.98. This trade represents a 9.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Etfs Capital Limited. sold 3,000,000 shares of WisdomTree stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $11.34, for a total value of $34,020,000.00. Following the completion of the transaction, the insider now owns 12,250,000 shares in the company, valued at $138,915,000. This represents a 19.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.80% of the stock is owned by insiders.

Institutional Investors Weigh In On WisdomTree

Hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC bought a new position in WisdomTree in the second quarter worth about $27,000. GAMMA Investing LLC raised its stake in shares of 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 in the last quarter. Park Avenue Securities LLC purchased a new stake in WisdomTree during the third quarter valued at approximately $105,000. Cooper Financial Group acquired a new stake in WisdomTree in the fourth quarter valued at approximately $111,000. Finally, Benjamin Edwards Inc. purchased a new position in WisdomTree in the second quarter worth $115,000. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

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.