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

Wix.Com Ltd (NASDAQ:WIX) saw a significant growth in short interest in July. As of July 15th, there was short interest totalling 1,500,000 shares, a growth of 14.5% from the June 30th total of 1,310,000 shares. Based on an average trading volume of 932,300 shares, the short-interest ratio is presently 1.6 days. Currently, 3.0% of the company’s stock are sold short.

Several institutional investors have recently modified their holdings of WIX. Comerica Bank raised its position in shares of Wix.Com by 7.0% during the 2nd quarter. Comerica Bank now owns 4,325 shares of the information services provider’s stock valued at $1,183,000 after purchasing an additional 284 shares during the period. UBS Group AG raised its position in shares of Wix.Com by 68.2% during the 2nd quarter. UBS Group AG now owns 44,326 shares of the information services provider’s stock valued at $11,358,000 after purchasing an additional 17,977 shares during the period. V Wealth Advisors LLC bought a new stake in shares of Wix.Com during the 2nd quarter valued at $793,000. Chicago Capital LLC bought a new stake in shares of Wix.Com during the 2nd quarter valued at $384,000. Finally, Shine Investment Advisory Services Inc. raised its position in shares of Wix.Com by 60.0% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 112 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 42 shares during the period. Institutional investors and hedge funds own 90.94% of the company’s stock.

Several brokerages recently weighed in on WIX. Northland Securities raised their price target on shares of Wix.Com from $160.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Royal Bank of Canada reissued a “buy” rating and set a $350.00 price target on shares of Wix.Com in a research report on Monday, July 20th. ValuEngine downgraded shares of Wix.Com from a “buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Barclays raised their price target on shares of Wix.Com from $195.00 to $329.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, Bank of America reissued a “buy” rating and set a $250.00 price target on shares of Wix.Com in a research report on Thursday, June 4th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $263.06.

Shares of Wix.Com stock opened at $290.48 on Friday. The company’s fifty day simple moving average is $261.02 and its 200-day simple moving average is $174.15. The stock has a market capitalization of $14.48 billion, a PE ratio of -157.02 and a beta of 1.88. Wix.Com has a 1-year low of $76.81 and a 1-year high of $299.83. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.58 and a quick ratio of 1.58.

Wix.Com (NASDAQ:WIX) last issued its quarterly earnings results on Thursday, May 14th. The information services provider reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.64) by $0.63. The business had revenue of $215.99 million for the quarter, compared to analysts’ expectations of $215.80 million. Wix.Com had a negative net margin of 11.81% and a negative return on equity of 29.30%. As a group, research analysts anticipate that Wix.Com will post -1.65 EPS 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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