Wix.Com Ltd (NASDAQ:WIX) – Stock analysts at Oppenheimer issued their Q2 2018 earnings estimates for Wix.Com in a research report issued to clients and investors on Thursday. Oppenheimer analyst J. Helfstein anticipates that the information services provider will earn ($0.05) per share for the quarter. Oppenheimer currently has a “Outperform” rating and a $82.00 target price on the stock.
Wix.Com (NASDAQ:WIX) last announced its earnings results on Wednesday, February 14th. The information services provider reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.05. The business had revenue of $118.60 million during the quarter, compared to the consensus estimate of $116.86 million. Wix.Com had a negative net margin of 13.22% and a negative return on equity of 1,376.12%. Wix.Com’s revenue was up 40.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 EPS.
Shares of Wix.Com (WIX) opened at $75.60 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.11. Wix.Com has a twelve month low of $50.90 and a twelve month high of $86.15.
Large investors have recently modified their holdings of the company. ARK Investment Management LLC acquired a new position in shares of Wix.Com in the 4th quarter valued at approximately $215,000. Parametrica Management Ltd acquired a new position in shares of Wix.Com in the 4th quarter valued at approximately $246,000. Koch Industries Inc. acquired a new position in shares of Wix.Com in the 4th quarter valued at approximately $343,000. SG Americas Securities LLC raised its position in shares of Wix.Com by 14.8% in the 4th quarter. SG Americas Securities LLC now owns 6,661 shares of the information services provider’s stock valued at $383,000 after buying an additional 859 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Wix.Com by 51.4% in the 3rd quarter. Legal & General Group Plc now owns 5,600 shares of the information services provider’s stock valued at $402,000 after buying an additional 1,900 shares in the last quarter. Institutional investors own 80.26% of the company’s stock.
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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