Wix.com Ltd. $WIX Shares Bought by Clearline Capital LP

Clearline Capital LP boosted its position in shares of Wix.com Ltd. (NASDAQ:WIX) by 32.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 66,884 shares of the information services provider’s stock after acquiring an additional 16,220 shares during the period. Clearline Capital LP’s holdings in Wix.com were worth $6,949,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in Wix.com by 122.2% during the 4th quarter. Farther Finance Advisors LLC now owns 240 shares of the information services provider’s stock valued at $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 purchasing an additional 215 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Wix.com during the 4th quarter valued at $27,000. National Bank of Canada FI acquired a new stake in Wix.com during the 3rd quarter valued at $54,000. Finally, MAI Capital Management grew its holdings in Wix.com by 109.1% during 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 in the last quarter. 81.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WIX. JPMorgan Chase & Co. lowered their price target on shares of Wix.com from $91.00 to $86.00 and set an “underweight” rating for the company in a report on Wednesday, May 13th. Robert W. Baird lowered shares of Wix.com from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $115.00 to $90.00 in a report on Monday, March 9th. Wall Street Zen lowered shares of Wix.com from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Morgan Stanley lowered their price target on shares of Wix.com from $125.00 to $112.00 and set an “overweight” rating for the company in a report on Monday, May 18th. Finally, Barclays lowered their price target on shares of Wix.com from $155.00 to $100.00 and set an “overweight” 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $97.95.

Wix.com Stock Performance

Wix.com stock opened at $42.05 on Thursday. The firm’s 50-day moving average is $62.49 and its 200-day moving average is $79.42. Wix.com Ltd. has a 1 year low of $41.85 and a 1 year high of $190.93. The company has a market cap of $2.45 billion, a P/E ratio of -53.91 and a beta of 0.91.

Wix.com (NASDAQ:WIX) last posted its quarterly earnings results on Wednesday, May 13th. The information services provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.53). Wix.com had a negative return on equity of 33.28% and a negative net margin of 1.97%.The business had revenue of $541.17 million during the quarter, compared to the consensus estimate of $544.04 million. During the same quarter in the previous year, the business posted $1.69 earnings per share. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. As a group, sell-side analysts predict that Wix.com Ltd. will post -0.1 earnings per share for the current year.

Wix.com 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.