Wix.Com Ltd (NASDAQ:WIX) Short Interest Update

Wix.Com Ltd (NASDAQ:WIX) saw a large decline in short interest in June. As of June 30th, there was short interest totalling 1,216,800 shares, a decline of 19.8% from the May 30th total of 1,517,300 shares. Approximately 2.8% of the shares of the stock are sold short. Based on an average daily volume of 571,500 shares, the short-interest ratio is currently 2.1 days.

WIX has been the topic of several research analyst reports. Northland Securities boosted their target price on shares of Wix.Com from $120.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. SunTrust Banks boosted their target price on shares of Wix.Com to $154.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Macquarie boosted their target price on shares of Shopify to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 27th. ValuEngine lowered shares of Zymeworks from a “buy” rating to a “hold” rating in a research report on Saturday, May 18th. Finally, Guggenheim initiated coverage on shares of Altair Engineering in a research report on Tuesday, March 19th. They set a “neutral” rating and a $37.70 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $128.42.

Large investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its stake in shares of Wix.Com by 20.9% during the 1st quarter. Quadrant Capital Group LLC now owns 463 shares of the information services provider’s stock worth $54,000 after buying an additional 80 shares during the last quarter. Security National Trust Co. acquired a new position in shares of Wix.Com during the 1st quarter worth $60,000. Highstreet Asset Management Inc. acquired a new position in shares of Wix.Com during the 1st quarter worth $60,000. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Wix.Com during the 4th quarter worth $63,000. Finally, First Quadrant L P CA acquired a new position in shares of Wix.Com during the 1st quarter worth $76,000. 85.73% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:WIX traded down $0.84 during midday trading on Thursday, hitting $144.75. 208,794 shares of the stock were exchanged, compared to its average volume of 654,361. The company has a market capitalization of $7.29 billion, a PE ratio of -328.98 and a beta of 1.53. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 2.17. Wix.Com has a twelve month low of $80.20 and a twelve month high of $149.59. The firm has a 50 day simple moving average of $141.69.

Wix.Com (NASDAQ:WIX) last released its quarterly earnings results on Thursday, May 16th. The information services provider reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.30. The business had revenue of $174.29 million during the quarter, compared to the consensus estimate of $172.98 million. Wix.Com had a negative return on equity of 19.47% and a negative net margin of 7.51%. The business’s revenue was up 26.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.06) EPS. As a group, sell-side analysts anticipate that Wix.Com will post -1.34 earnings per share for the current year.

About Wix.Com

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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