Fintel reports that on August 1, 2023, Morgan Stanley reiterated coverage of WisdomTree (NYSE:WT) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 14.41% Upside
As of July 6, 2023, the average one-year price target for WisdomTree is 7.96. The forecasts range from a low of 6.31 to a high of $9.45. The average price target represents an increase of 14.41% from its latest reported closing price of 6.96.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for WisdomTree is 310MM, a decrease of 1.02%. The projected annual non-GAAP EPS is 0.26.
What is the Fund Sentiment?
There are 366 funds or institutions reporting positions in WisdomTree. This is a decrease of 3 owner(s) or 0.81% in the last quarter. Average portfolio weight of all funds dedicated to WT is 0.11%, a decrease of 24.73%. Total shares owned by institutions decreased in the last three months by 4.38% to 125,321K shares. 
The put/call ratio of WT is 0.01, indicating a bullish outlook.
What are Other Shareholders Doing?
ArrowMark Colorado Holdings holds 15,819K shares representing 10.90% ownership of the company. In it's prior filing, the firm reported owning 15,935K shares, representing a decrease of 0.73%. The firm increased its portfolio allocation in WT by 1.61% over the last quarter.
Massachusetts Financial Services holds 8,768K shares representing 6.04% ownership of the company. In it's prior filing, the firm reported owning 8,774K shares, representing a decrease of 0.06%. The firm increased its portfolio allocation in WT by 5.35% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 8,181K shares representing 5.63% ownership of the company. In it's prior filing, the firm reported owning 8,259K shares, representing a decrease of 0.95%. The firm increased its portfolio allocation in WT by 3.49% over the last quarter.
Azora Capital holds 7,199K shares representing 4.96% ownership of the company. In it's prior filing, the firm reported owning 7,301K shares, representing a decrease of 1.41%. The firm increased its portfolio allocation in WT by 2.22% over the last quarter.
VEXPX - VANGUARD EXPLORER FUND Investor Shares holds 5,759K shares representing 3.97% ownership of the company. No change in the last quarter.
WisdomTree Background Information
(This description is provided by the company.)
WisdomTree Investments, Inc., through its subsidiaries in the U.S. and Europe (collectively, 'WisdomTree'), is an ETF and ETP sponsor and asset manager headquartered in New York. WisdomTree offers products covering equity, commodity, fixed income, leveraged and inverse, currency and alternative strategies. WisdomTree currently has approximately $69.2 billion in assets under management globally.
Additional reading:
- Eleven consecutive quarters of net inflows Annualized inflow rate of 21% across all products Termination of contractual gold payments and operating leverage expands margin
- WisdomTree Announces New Board Committee Chairs and Members Every Committee Now Comprised of a Majority of Directors Who Joined in Past Three Years, with at Least One Director on each Committee Nominated by WisdomTree Stockholder ETFS Capital New Com
- WisdomTree Announces Preliminary Voting Results of its 2023 Annual Meeting of Stockholders Stockholders elect five of six WisdomTree nominees Voters decisively reject Graham Tuckwell
- ETFS CAPITAL HIGHLIGHTS ITS CRITICAL ROLE IN UNLOCKING VALUE FOR FELLOW WISDOMTREE STOCKHOLDERS ETFS Capital Agreeing to Cancel the Company’s Gold Payment Obligations at a $65 Million Discount to the 2022 Valuation is an Accretive Benefit for All Wis
- Sale, Purchase and Assignment Deed, dated as of May 10, 2023, by and between WisdomTree, Inc., WisdomTree International Holdings Ltd, Electra Target HoldCo Limited, ETFS Capital Limited, World Gold Council, Gold Bullion Holdings (Jersey) Limited, Rodber Investments Limited and Graham Tuckwell
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
