Wix.Com Ltd (NASDAQ:WIX) gapped down prior to trading on Friday . The stock had previously closed at $135.92, but opened at $134.86. Wix.Com shares last traded at $137.49, with a volume of 21497 shares changing hands.
A number of equities research analysts have recently issued reports on WIX shares. Zacks Investment Research raised shares of Wix.Com from a “hold” rating to a “strong-buy” rating and set a $114.00 target price on the stock in a report on Saturday, January 19th. ValuEngine raised shares of Wix.Com from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 13th. Rosenblatt Securities cut shares of Wix.Com from a “neutral” rating to a “sell” rating and lowered their price target for the company from $75.00 to $73.00 in a report on Wednesday, February 20th. Raymond James cut shares of Wix.Com from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 20th. Finally, Royal Bank of Canada increased their price target on shares of Wix.Com to $120.00 and gave the company a “positive” rating in a report on Thursday, February 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $123.05.
The firm has a market cap of $7.08 billion, a price-to-earnings ratio of -314.57 and a beta of 1.70. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 2.23.
Wix.Com (NASDAQ:WIX) last announced its earnings results on Thursday, May 16th. The information services provider reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.30. Wix.Com had a negative net margin of 6.15% and a negative return on equity of 21.72%. The firm had revenue of $174.29 million for the quarter, compared to analyst estimates of $172.98 million. During the same quarter in the prior year, the business posted ($0.06) EPS. The business’s revenue was up 26.5% compared to the same quarter last year. As a group, equities analysts anticipate that Wix.Com Ltd will post -0.49 EPS for the current year.
Several large investors have recently made changes to their positions in WIX. Lombard Odier Asset Management USA Corp acquired a new stake in shares of Wix.Com during the 1st quarter worth approximately $207,000. FMR LLC boosted its position in shares of Wix.Com by 18.1% during the 1st quarter. FMR LLC now owns 4,382,658 shares of the information services provider’s stock worth $529,556,000 after acquiring an additional 671,358 shares in the last quarter. Aristeia Capital LLC boosted its position in shares of Wix.Com by 19.4% during the 1st quarter. Aristeia Capital LLC now owns 80,800 shares of the information services provider’s stock worth $9,763,000 after acquiring an additional 13,100 shares in the last quarter. ADI Capital Management LLC acquired a new stake in shares of Wix.Com during the 1st quarter worth approximately $362,000. Finally, Sylebra HK Co Ltd boosted its position in shares of Wix.Com by 75.9% during the 1st quarter. Sylebra HK Co Ltd now owns 1,161,506 shares of the information services provider’s stock worth $140,345,000 after acquiring an additional 501,300 shares in the last quarter. Hedge funds and other institutional investors own 83.99% of the company’s stock.
About Wix.Com (NASDAQ:WIX)
Wix.com Ltd. develops and markets an Internet service that allows users to create Web content in Latin America, Europe, North America, Asia, and internationally. It offers Web development, design, and management solutions and apps through an online platform that enables its user base of businesses, organizations, professionals, and individuals to create a digital presence.
Further Reading: Quick Ratio
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