Wix.Com Ltd (NASDAQ:WIX) Sees Significant Increase in Short Interest
Wix.Com Ltd (NASDAQ:WIX) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 2,430,000 shares, a growth of 25.9% from the January 15th total of 1,930,000 shares. Approximately 5.2% of the company’s stock are short sold. Based on an average trading volume of 545,500 shares, the short-interest ratio is presently 4.5 days.
Large investors have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC raised its stake in Wix.Com by 43.6% during the 4th quarter. Valeo Financial Advisors LLC now owns 247 shares of the information services provider’s stock valued at $30,000 after purchasing an additional 75 shares during the last quarter. Allred Capital Management LLC acquired a new position in Wix.Com during the 4th quarter valued at $30,000. Coastal Investment Advisors Inc. acquired a new position in Wix.Com during the 3rd quarter valued at $32,000. DekaBank Deutsche Girozentrale raised its stake in Wix.Com by 62.6% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 330 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 127 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in Wix.Com by 652.3% during the 4th quarter. Acadian Asset Management LLC now owns 331 shares of the information services provider’s stock valued at $41,000 after purchasing an additional 287 shares during the last quarter. Hedge funds and other institutional investors own 85.30% of the company’s stock.
WIX has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their target price on shares of Wix.Com from $152.00 to $149.00 and set a “neutral” rating for the company in a research report on Friday, November 15th. Guggenheim decreased their target price on shares of Wix.Com from $170.00 to $150.00 in a research report on Friday, November 15th. BidaskClub raised shares of Wix.Com from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 16th. Barclays reissued a “buy” rating and issued a $155.00 target price on shares of Wix.Com in a research report on Sunday, January 26th. Finally, Deutsche Bank reduced their price objective on shares of Wix.Com from $172.00 to $140.00 and set an “average” rating for the company in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $144.57.
Wix.Com (NASDAQ:WIX) last issued its quarterly earnings data on Thursday, November 14th. The information services provider reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.34) by $0.75. Wix.Com had a negative net margin of 9.80% and a negative return on equity of 24.02%. The business had revenue of $196.79 million during the quarter, compared to analysts’ expectations of $197.70 million. During the same period in the previous year, the company earned $0.39 earnings per share. Wix.Com’s revenue for the quarter was up 26.5% on a year-over-year basis. As a group, research analysts predict that Wix.Com will post -1.04 earnings per share for the current year.
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.
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