WisdomTree (NYSE:WT) Shares Gap Up – What’s Next?

WisdomTree, Inc. (NYSE:WT)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $10.38, but opened at $10.89. WisdomTree shares last traded at $10.55, with a volume of 244,684 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WT. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $12.00 target price (up from $11.00) on shares of WisdomTree in a report on Monday, July 29th. Craig Hallum upped their price target on WisdomTree from $12.00 to $15.00 and gave the company a “buy” rating in a report on Monday, July 29th. Northcoast Research lowered WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 15th. Northland Securities boosted their target price on WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Oppenheimer increased their price target on WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $12.25.

WisdomTree Stock Up 3.6 %

The firm has a 50-day moving average of $9.95 and a two-hundred day moving average of $9.85. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 15.26 and a beta of 1.43. The company has a quick ratio of 2.18, a current ratio of 3.01 and a debt-to-equity ratio of 0.62.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, July 26th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. WisdomTree had a net margin of 19.72% and a return on equity of 19.22%. The business had revenue of $107.03 million during the quarter, compared to analyst estimates of $103.75 million. As a group, sell-side analysts anticipate that WisdomTree, Inc. will post 0.62 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of WT. Bank of New York Mellon Corp grew its stake in shares of WisdomTree by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,042,815 shares of the company’s stock valued at $30,154,000 after buying an additional 25,759 shares in the last quarter. Janus Henderson Group PLC grew its position in WisdomTree by 7.5% in the first quarter. Janus Henderson Group PLC now owns 2,788,746 shares of the company’s stock worth $25,629,000 after acquiring an additional 194,369 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of WisdomTree by 92.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,922,414 shares of the company’s stock worth $19,051,000 after purchasing an additional 923,994 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of WisdomTree by 82.3% during the 2nd quarter. Marshall Wace LLP now owns 772,543 shares of the company’s stock valued at $7,656,000 after purchasing an additional 348,850 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of WisdomTree by 51.6% in the 2nd quarter. AQR Capital Management LLC now owns 720,132 shares of the company’s stock valued at $7,137,000 after purchasing an additional 245,041 shares during the last quarter. 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.