Ieq Capital LLC has purchased a new stake in Wix.com Ltd. (NASDAQ:WIX – Get Rating) in the first quarter, reports HoldingsChannel. The company bought 2,596 shares of the information services provider, valued at around $271,000.
Several other hedge funds have also recently changed their positions in the company. CWM LLC purchased a new stake in Wix.com during Q4 for approximately $44,000. Parallel Advisors LLC increased its position in Wix.com by 73.3% during the 4th quarter. Parallel Advisors LLC now owns 298 shares of the information services provider worth $47,000 after acquiring 126 additional shares in the last quarter. UMB Bank NA MO acquired a new position in Wix.com during Q4 worth approximately $47,000. Lindbrook Capital LLC increased its position in Wix.com by 207.0% in Q1. Lindbrook Capital LLC now owns 482 shares of the information services provider worth $50,000 after acquiring 325 additional shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in Wix.com by 129.0% during the 4th quarter. Quadrant Capital Group LLC now owns 490 shares of the information services provider worth $77,000 after acquiring 276 additional shares in the last quarter. 89.89% of the shares are held by institutional investors.
WIX stock opened at $64.47 on Thursday. The company has a debt ratio of 6.33, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market capitalization of $3.69 billion, a price-earnings ratio of -12.87 and a beta of 1.45. The company’s fifty-day moving average price is $64.51 and its two-hundred-day moving average price is $91.92. Wix.com Ltd. has a fifty-two-week low of $53.12 and a fifty-two-week high of $309.00.
Wix.com (NASDAQ:WIX – Get Rating) last released its quarterly earnings data on Monday, May 16. The information services provider reported ($1.61) earnings per share for the quarter, beating the consensus estimate of ($1.75) by $0.14. The company posted revenue of $341.60 million for the quarter, compared to $340.47 million expected by analysts. Wix.com had a negative return on equity of 136.41% and a negative net margin of 21.70%. The company’s quarterly revenue increased by 12.3% compared to the same quarter last year. In the same quarter last year, the company achieved EPS of ($1.36). Research analysts expect Wix.com Ltd. shows an EPS of -5.47 for the current year.
A number of research companies have weighed in on WIX. JMP Securities cut its price target on Wix.com from $130.00 to $100.00 and set a “market outperformance” rating for the company in a research report on Thursday. Morgan Stanley downgraded Wix.com from an “overweight” rating to an “equal weight” rating and set a price target of $85.00 for the company. in a research report on Friday, May 20. Citigroup reduced its price target on Wix.com from $120.00 to $91.00 and set an “na” rating for the company in a Tuesday, May 17 report. Royal Bank of Canada reduced its price target on Wix.com from $85.00 to $75.00 in a Tuesday, May 17 report. Finally, Piper Sandler downgraded Wix.com from a “neutral” rating to an “underweight” rating and lowered her price target for the company from $105.00 to $78.00 in a Monday 25 report. april. Two research analysts gave the stock a sell rating, eight gave the company a hold rating and eight gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $140.39.
Company Profile Wix.com (Get an assessment)
Wix.com Ltd., together with its subsidiaries, develops and markets a cloud-based platform that allows anyone to create a website or web application in North America, Europe, Latin America, Asia and internationally. The company offers Wix Editor, a visual development environment and drag-and-drop website editing platform; Wix ADI which allows users to create a website for their specific needs; and Corvid by Wix to build websites and web apps.
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