Havemeyer Place LP Makes New Investment in Wix.com Ltd. $WIX

Havemeyer Place LP purchased a new position in Wix.com Ltd. (NASDAQ:WIX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,716 shares of the information services provider’s stock, valued at approximately $1,425,000.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its position in shares of Wix.com by 122.2% during the fourth quarter. Farther Finance Advisors LLC now owns 240 shares of the information services provider’s stock worth $25,000 after purchasing an additional 132 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Wix.com by 632.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock valued at $41,000 after buying an additional 215 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in Wix.com during the 4th quarter valued at approximately $27,000. National Bank of Canada FI bought a new stake in shares of Wix.com in the 3rd quarter valued at approximately $54,000. Finally, MAI Capital Management lifted its stake in shares of Wix.com by 109.1% in the 3rd quarter. MAI Capital Management now owns 366 shares of the information services provider’s stock valued at $65,000 after purchasing an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Citizens Jmp lowered Wix.com from a “market outperform” rating to a “market perform” rating in a research note on Tuesday, April 7th. Robert W. Baird downgraded Wix.com from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $115.00 to $90.00 in a research report on Monday, March 9th. Benchmark lowered their price target on Wix.com from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Morgan Stanley dropped their price objective on Wix.com from $125.00 to $112.00 and set an “overweight” rating for the company in a report on Monday, May 18th. Finally, Scotiabank dropped their price objective on Wix.com from $135.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Wix.com has a consensus rating of “Moderate Buy” and an average target price of $100.90.

Wix.com Price Performance

Shares of NASDAQ WIX opened at $52.39 on Monday. The stock has a market capitalization of $3.05 billion, a P/E ratio of -67.17 and a beta of 0.92. Wix.com Ltd. has a 1-year low of $51.33 and a 1-year high of $190.93. The business has a fifty day moving average price of $69.06 and a 200 day moving average price of $82.50.

Wix.com (NASDAQ:WIX) last issued its quarterly earnings data on Wednesday, May 13th. The information services provider reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.53). The company had revenue of $541.17 million for the quarter, compared to analysts’ expectations of $544.04 million. Wix.com had a negative return on equity of 33.28% and a negative net margin of 1.97%.The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.69 earnings per share. As a group, equities research analysts anticipate that Wix.com Ltd. will post -0.27 earnings per share for the current fiscal year.

Wix.com Company Profile

Wix.com Ltd. operates a cloud-based platform that enables individuals and businesses to create, manage and develop professional web presences through an intuitive drag-and-drop interface. The company’s software-as-a-service model provides hosting, customizable templates and a range of design tools, eliminating the need for coding expertise. Users can choose from a variety of premium plans to access custom domains, enhanced storage, and advanced performance features tailored to personal projects, small businesses and online storefronts.

Beyond its core website builder, Wix offers a suite of complementary services designed to support digital growth and marketing.