Wix.Com (WIX) Sets New 52-Week High at $143.82

Share on StockTwits

Wix.Com Ltd (NASDAQ:WIX) hit a new 52-week high on Wednesday . The company traded as high as $143.82 and last traded at $142.95, with a volume of 39132 shares trading hands. The stock had previously closed at $137.51.

A number of equities research analysts recently weighed in on WIX shares. Rosenblatt Securities cut shares of Wix.Com from a “neutral” rating to a “sell” rating and cut their price objective for the company from $75.00 to $73.00 in a research note on Wednesday, February 20th. KeyCorp started coverage on shares of Wix.Com in a research note on Monday, April 29th. They set a “sector weight” rating on the stock. Zacks Investment Research cut shares of Wix.Com from a “hold” rating to a “sell” rating in a research note on Wednesday, March 13th. Macquarie started coverage on shares of Wix.Com in a research note on Wednesday, March 27th. They set a “neutral” rating and a $116.00 price objective on the stock. Finally, Raymond James cut shares of Wix.Com from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Wix.Com has an average rating of “Buy” and an average target price of $116.66.

The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 2.23. The stock has a market capitalization of $6.86 billion, a P/E ratio of -322.93 and a beta of 1.70.

Wix.Com (NASDAQ:WIX) last issued its quarterly earnings results on Wednesday, February 20th. The information services provider reported $0.42 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.47. Wix.Com had a negative net margin of 6.15% and a negative return on equity of 21.72%. The firm had revenue of $164.20 million for the quarter, compared to analysts’ expectations of $162.02 million. During the same period in the previous year, the business earned $0.16 earnings per share. Wix.Com’s revenue for the quarter was up 38.4% compared to the same quarter last year. As a group, sell-side analysts expect that Wix.Com Ltd will post -0.49 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quadrant Capital Group LLC increased its stake in Wix.Com by 20.9% in the 1st quarter. Quadrant Capital Group LLC now owns 463 shares of the information services provider’s stock worth $54,000 after purchasing an additional 80 shares in the last quarter. Flagship Harbor Advisors LLC increased its stake in Wix.Com by 21.9% in the 4th quarter. Flagship Harbor Advisors LLC now owns 618 shares of the information services provider’s stock worth $55,000 after purchasing an additional 111 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its stake in Wix.Com by 4.0% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 3,860 shares of the information services provider’s stock worth $466,000 after purchasing an additional 149 shares in the last quarter. Advisor Group Inc. increased its stake in Wix.Com by 18.0% in the 1st quarter. Advisor Group Inc. now owns 1,142 shares of the information services provider’s stock worth $138,000 after purchasing an additional 174 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in Wix.Com by 60.7% in the 1st quarter. Fifth Third Bancorp now owns 479 shares of the information services provider’s stock worth $58,000 after purchasing an additional 181 shares in the last quarter. 83.99% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This news story was first published by Fairfield Current and is the property of of Fairfield Current. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://www.fairfieldcurrent.com/news/2019/05/15/wix-com-wix-sets-new-52-week-high-at-143-82.html.

Wix.Com Company Profile (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.

Recommended Story: What is a Futures Contract?

Receive News & Ratings for Wix.Com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wix.Com and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply