Wix.com Ltd. $WIX Shares Acquired by Clearline Capital LP

Clearline Capital LP grew its holdings in Wix.com Ltd. (NASDAQ:WIX) by 32.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,884 shares of the information services provider’s stock after purchasing an additional 16,220 shares during the quarter. Clearline Capital LP owned approximately 0.12% of Wix.com worth $6,949,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Farther Finance Advisors LLC grew 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 purchasing an additional 132 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Wix.com in the fourth quarter valued at approximately $27,000. Geneos Wealth Management Inc. grew its position in shares of Wix.com by 632.4% in the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock valued at $41,000 after purchasing an additional 215 shares during the last quarter. Employees Retirement System of Texas grew its position in shares of Wix.com by 129.9% in the fourth quarter. Employees Retirement System of Texas now owns 446 shares of the information services provider’s stock valued at $46,000 after purchasing an additional 252 shares during the last quarter. Finally, Banque Cantonale Vaudoise grew its position in shares of Wix.com by 464.8% in the fourth quarter. Banque Cantonale Vaudoise now owns 497 shares of the information services provider’s stock valued at $52,000 after purchasing an additional 409 shares during the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Jefferies Financial Group lowered their price target on shares of Wix.com from $200.00 to $130.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Cantor Fitzgerald reduced their price objective on shares of Wix.com from $110.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. UBS Group reduced their price objective on shares of Wix.com from $68.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 10th. Oppenheimer reduced their price objective on shares of Wix.com from $115.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. Finally, Citigroup reduced their price objective on shares of Wix.com from $66.00 to $59.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.95.

Wix.com Stock Performance

Shares of WIX stock opened at $42.05 on Thursday. Wix.com Ltd. has a one year low of $41.85 and a one year high of $190.93. The company has a 50 day moving average price of $62.49 and a 200 day moving average price of $79.42. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of -53.91 and a beta of 0.91.

Wix.com (NASDAQ:WIX) last released its quarterly earnings data on Wednesday, May 13th. The information services provider reported $0.68 earnings per share (EPS) 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 analyst estimates of $544.04 million. During the same period in the previous year, the company earned $1.69 EPS. Wix.com’s revenue was up 14.2% on a year-over-year basis. As a group, equities analysts forecast that Wix.com Ltd. will post -0.1 EPS for the current fiscal year.

About Wix.com

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.