Invenomic Capital Management LP Takes $8.46 Million Position in Wix.com Ltd. $WIX

Invenomic Capital Management LP acquired a new stake in Wix.com Ltd. (NASDAQ:WIX) during the 4th quarter, Holdings Channel reports. The firm acquired 81,425 shares of the information services provider’s stock, valued at approximately $8,459,000.

Several other large investors have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its position in shares of Wix.com by 7.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,707 shares of the information services provider’s stock valued at $172,000 after acquiring an additional 120 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Wix.com by 122.2% in the fourth quarter. Farther Finance Advisors LLC now owns 240 shares of the information services provider’s stock valued at $25,000 after acquiring an additional 132 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Wix.com by 2.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 6,666 shares of the information services provider’s stock valued at $693,000 after acquiring an additional 142 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of Wix.com by 18.7% in the fourth quarter. TD Private Client Wealth LLC now owns 940 shares of the information services provider’s stock valued at $98,000 after acquiring an additional 148 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in shares of Wix.com by 13.4% in the second quarter. Cerity Partners LLC now owns 1,484 shares of the information services provider’s stock valued at $235,000 after acquiring an additional 175 shares in the last quarter. 81.52% of the stock is currently owned by hedge funds and other institutional investors.

Wix.com Price Performance

Shares of WIX stock opened at $42.05 on Thursday. The company has a market cap of $2.45 billion, a PE ratio of -53.91 and a beta of 0.91. The stock’s 50 day simple moving average is $62.49 and its two-hundred day simple moving average is $79.42. Wix.com Ltd. has a 1 year low of $41.85 and a 1 year high of $190.93.

Wix.com (NASDAQ:WIX) last issued its quarterly earnings results on Wednesday, May 13th. The information services provider reported $0.68 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $544.04 million. During the same quarter in the previous year, the company posted $1.69 earnings per share. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. Equities research analysts expect that Wix.com Ltd. will post -0.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on WIX shares. Oppenheimer lowered their price objective on Wix.com from $115.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, May 14th. Citigroup lowered their price objective on Wix.com from $66.00 to $59.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 9th. Scotiabank restated an “outperform” rating on shares of Wix.com in a research report on Tuesday, June 9th. Citizens Jmp cut Wix.com from a “market outperform” rating to a “market perform” rating in a report on Tuesday, April 7th. Finally, Weiss Ratings cut Wix.com from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $97.95.

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.