Wix.Com Ltd (NASDAQ:WIX) – Research analysts at Oppenheimer issued their Q2 2018 EPS estimates for Wix.Com in a research report issued on Thursday, Zacks Investment Research reports. Oppenheimer analyst J. Helfstein expects that the information services provider will earn ($0.05) per share for the quarter. Oppenheimer has a “Outperform” rating and a $82.00 price objective on the stock.
Several other equities analysts have also issued reports on WIX. BidaskClub raised Wix.Com from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 2nd. Zacks Investment Research reaffirmed a “hold” rating on shares of Wix.Com in a research report on Saturday, February 3rd. Citigroup lifted their price target on Wix.Com from $69.00 to $78.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 21st. Wedbush lifted their price target on Wix.Com from $65.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Finally, KeyCorp set a $85.00 price target on Wix.Com and gave the stock a “buy” rating in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. Wix.Com has a consensus rating of “Buy” and an average price target of $80.60.
Wix.Com (NASDAQ:WIX) last posted its quarterly earnings results on Wednesday, February 14th. The information services provider reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.05. The firm had revenue of $118.60 million during the quarter, compared to analyst estimates of $116.86 million. Wix.Com had a negative return on equity of 1,376.12% and a negative net margin of 13.22%. Wix.Com’s quarterly revenue was up 40.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 EPS.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in shares of Wix.Com by 379.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,471 shares of the information services provider’s stock valued at $520,000 after purchasing an additional 5,913 shares during the period. State Street Corp grew its stake in shares of Wix.Com by 13.8% during the 2nd quarter. State Street Corp now owns 150,193 shares of the information services provider’s stock valued at $10,453,000 after purchasing an additional 18,260 shares during the period. Victory Capital Management Inc. grew its stake in shares of Wix.Com by 46.6% during the 3rd quarter. Victory Capital Management Inc. now owns 928,230 shares of the information services provider’s stock valued at $66,693,000 after purchasing an additional 295,240 shares during the period. Menora Mivtachim Holdings LTD. grew its stake in shares of Wix.Com by 146.1% during the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 1,050,796 shares of the information services provider’s stock valued at $75,500,000 after purchasing an additional 623,876 shares during the period. Finally, Frontier Capital Management Co. LLC grew its stake in shares of Wix.Com by 27.0% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 223,674 shares of the information services provider’s stock valued at $16,071,000 after purchasing an additional 47,602 shares during the period. Institutional investors own 82.33% of the company’s stock.
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Wix.Com Company Profile
Wix.com Ltd. (Wix) is a Web development platform enabling businesses and organizations to take businesses, brands and workflow online. The Company provides solutions that business owners can use to operate various aspects of their business online, such as selling goods, taking reservations, and scheduling and confirming appointments.
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