NumerixS Investment Technologies Inc Invests $199,000 in Wix.Com Ltd (NASDAQ:WIX)

NumerixS Investment Technologies Inc acquired a new position in shares of Wix.Com Ltd (NASDAQ:WIX) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,400 shares of the information services provider’s stock, valued at approximately $199,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors purchased a new stake in Wix.Com in the second quarter valued at $28,000. Riverhead Capital Management LLC lifted its position in Wix.Com by 75.0% in the second quarter. Riverhead Capital Management LLC now owns 350 shares of the information services provider’s stock valued at $50,000 after acquiring an additional 150 shares during the last quarter. Flinton Capital Management LLC lifted its position in Wix.Com by 29.4% in the second quarter. Flinton Capital Management LLC now owns 352 shares of the information services provider’s stock valued at $50,000 after acquiring an additional 80 shares during the last quarter. Meadow Creek Investment Management LLC lifted its position in Wix.Com by 29.4% in the second quarter. Meadow Creek Investment Management LLC now owns 484 shares of the information services provider’s stock valued at $69,000 after acquiring an additional 110 shares during the last quarter. Finally, Highstreet Asset Management Inc. purchased a new stake in Wix.Com in the first quarter valued at $60,000. 84.12% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:WIX traded down $1.16 on Friday, reaching $122.39. The company’s stock had a trading volume of 6,244 shares, compared to its average volume of 455,969. The stock’s 50-day moving average is $140.45 and its two-hundred day moving average is $134.58. Wix.Com Ltd has a 52-week low of $80.20 and a 52-week high of $155.75. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.93 and a quick ratio of 1.93. The stock has a market capitalization of $6.22 billion, a P/E ratio of -278.30 and a beta of 1.55.

Wix.Com (NASDAQ:WIX) last announced its earnings results on Wednesday, July 24th. The information services provider reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.17. Wix.Com had a negative net margin of 8.70% and a negative return on equity of 21.60%. The business had revenue of $185.40 million during the quarter, compared to analysts’ expectations of $183.92 million. During the same period in the prior year, the company earned $0.29 earnings per share. The business’s revenue was up 26.9% compared to the same quarter last year. Equities analysts forecast that Wix.Com Ltd will post -1.22 earnings per share for the current fiscal year.

WIX has been the subject of a number of research reports. Northland Securities set a $160.00 price target on shares of Wix.Com and gave the company a “buy” rating in a research report on Friday, August 23rd. Royal Bank of Canada boosted their price target on shares of Wix.Com to $166.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. SunTrust Banks upped their target price on shares of Wix.Com to $168.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Wedbush upped their target price on shares of Wix.Com from $152.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Rosenblatt Securities set a $93.00 target price on shares of Wix.Com and gave the company a “sell” rating in a report on Wednesday, August 21st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Wix.Com presently has an average rating of “Buy” and an average target price of $136.39.

Wix.Com Company Profile

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: How analysts view the yield curve

Want to see what other hedge funds are holding WIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wix.Com Ltd (NASDAQ:WIX).

Institutional Ownership by Quarter for Wix.Com (NASDAQ:WIX)

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.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit