Wix.Com (WIX) Trading Down 6.4%

Wix.Com Ltd (NASDAQ:WIX)’s share price dropped 6.4% on Friday . The stock traded as low as $78.65 and last traded at $78.80. Approximately 672,832 shares were traded during trading, an increase of 2% from the average daily volume of 659,695 shares. The stock had previously closed at $84.15.

WIX has been the topic of several research analyst reports. BidaskClub raised Wix.Com from a “strong sell” rating to a “sell” rating in a report on Friday, December 15th. UBS raised Wix.Com from an “outperform” rating to a “strong-buy” rating in a report on Thursday, January 4th. Raymond James Financial raised Wix.Com from a “market perform” rating to a “strong-buy” rating and set a $74.00 target price on the stock in a report on Thursday, January 4th. Zacks Investment Research raised Wix.Com from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $83.00 target price on shares of Wix.Com in a report on Sunday, January 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $82.50.

How to Become a New Pot Stock Millionaire

The company has a market capitalization of $3,582.01, a price-to-earnings ratio of -63.55 and a beta of 1.81. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.88 and a quick ratio of 0.86.

Wix.Com (NASDAQ:WIX) last issued its quarterly earnings results on Wednesday, February 14th. The information services provider reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.05. Wix.Com had a negative return on equity of 1,376.12% and a negative net margin of 13.22%. The business had revenue of $118.60 million during the quarter, compared to analyst estimates of $116.86 million. During the same quarter in the prior year, the business posted $0.06 EPS. Wix.Com’s revenue for the quarter was up 40.9% compared to the same quarter last year. equities analysts expect that Wix.Com Ltd will post -0.54 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of WIX. State Street Corp increased its stake in Wix.Com by 13.8% in the 2nd quarter. State Street Corp now owns 150,193 shares of the information services provider’s stock worth $10,453,000 after buying an additional 18,260 shares in the last quarter. New York State Common Retirement Fund increased its stake in Wix.Com by 52.6% in the 3rd quarter. New York State Common Retirement Fund now owns 27,721 shares of the information services provider’s stock worth $1,992,000 after buying an additional 9,557 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Wix.Com by 52.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 14,663 shares of the information services provider’s stock worth $1,054,000 after buying an additional 5,060 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Wix.Com in the 3rd quarter worth $417,000. Finally, Ameriprise Financial Inc. increased its stake in Wix.Com by 31.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 80,111 shares of the information services provider’s stock worth $5,756,000 after buying an additional 19,035 shares in the last quarter. Institutional investors and hedge funds own 82.32% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Wix.Com (WIX) Trading Down 6.4%” was reported by Ticker Report and is owned by of Ticker Report. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright laws. The correct version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3299165/wix-com-wix-trading-down-6-4.html.

Wix.Com Company Profile

Wix.com Ltd. (Wix) is a Web development platform enabling businesses and organizations to take businesses, brands and workflow online. The Company provides solutions that business owners can use to operate various aspects of their business online, such as selling goods, taking reservations, and scheduling and confirming appointments.

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.

Latest News

Stifel Nicolaus Boosts Align Technology  Price Target to $320.00
Stifel Nicolaus Boosts Align Technology Price Target to $320.00
Integra lifesciences  Stock Rating Reaffirmed by Citigroup
Integra lifesciences Stock Rating Reaffirmed by Citigroup
Q1 2018 EPS Estimates for Flotek Industries, Inc.  Lowered by Seaport Global Securities
Q1 2018 EPS Estimates for Flotek Industries, Inc. Lowered by Seaport Global Securities
First Foundation  Stock Rating Upgraded by BidaskClub
First Foundation Stock Rating Upgraded by BidaskClub
Comcast  Stock Rating Upgraded by BidaskClub
Comcast Stock Rating Upgraded by BidaskClub
$0.04 EPS Expected for Iridium Communications  This Quarter
$0.04 EPS Expected for Iridium Communications This Quarter


© 2006-2018 Ticker Report. Google+.