Wix.Com (NASDAQ:WIX) released its earnings results on Wednesday. The information services provider reported ($0.21) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.38) by $0.17, Morningstar.com reports. Wix.Com had a negative net margin of 8.70% and a negative return on equity of 21.60%. The company had revenue of $185.40 million for the quarter, compared to analyst estimates of $183.92 million. During the same quarter last year, the firm earned $0.29 EPS. The firm’s quarterly revenue was up 26.9% compared to the same quarter last year. Wix.Com updated its FY 2019 guidance to EPS and its Q3 2019 guidance to EPS.

Shares of WIX opened at $149.14 on Friday. The stock has a market cap of $7.25 billion, a PE ratio of -338.95 and a beta of 1.53. The company has a quick ratio of 2.01, a current ratio of 1.93 and a debt-to-equity ratio of 2.02. The firm’s fifty day moving average price is $144.39. Wix.Com has a twelve month low of $80.20 and a twelve month high of $155.75.

Several equities analysts recently commented on WIX shares. Citigroup set a $8.00 target price on shares of Diamond Offshore Drilling and gave the company a “sell” rating in a report on Friday, May 17th. Wedbush reduced their target price on shares of PTC from $100.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday. Oppenheimer increased their target price on shares of Wix.Com from $122.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, May 17th. ValuEngine lowered shares of Zymeworks from a “buy” rating to a “hold” rating in a report on Saturday, May 18th. Finally, Deutsche Bank set a €13.00 ($15.12) target price on shares of Aixtron and gave the company a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Wix.Com currently has a consensus rating of “Buy” and an average target price of $135.06.

Institutional investors and hedge funds have recently made changes to their positions in the business. Prudential Financial Inc. purchased a new position in shares of Wix.Com during the fourth quarter valued at $810,000. Bank of New York Mellon Corp grew its holdings in shares of Wix.Com by 162.5% during the fourth quarter. Bank of New York Mellon Corp now owns 119,238 shares of the information services provider’s stock valued at $10,772,000 after buying an additional 73,822 shares in the last quarter. Northern Trust Corp boosted its position in Wix.Com by 212.8% during the fourth quarter. Northern Trust Corp now owns 290,204 shares of the information services provider’s stock valued at $26,217,000 after purchasing an additional 197,432 shares during the last quarter. Stifel Financial Corp boosted its position in Wix.Com by 9.1% during the fourth quarter. Stifel Financial Corp now owns 4,926 shares of the information services provider’s stock valued at $445,000 after purchasing an additional 412 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Wix.Com by 377.0% during the fourth quarter. Geode Capital Management LLC now owns 176,387 shares of the information services provider’s stock valued at $15,906,000 after purchasing an additional 139,411 shares during the last quarter. 85.74% of the stock is owned by institutional investors and hedge funds.

Wix.Com Company Profile

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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Earnings History for Wix.Com (NASDAQ:WIX)

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