Granahan Investment Management LLC Has $7.35 Million Stock Position in Wix.com Ltd. (NASDAQ:WIX)

Granahan Investment Management LLC raised its stake in Wix.com Ltd. (NASDAQ:WIXGet Rating) by 2.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,347 shares of the information services provider’s stock after buying an additional 1,980 shares during the period. Granahan Investment Management LLC owned 0.12% of Wix.com worth $7,348,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank N A MO acquired a new position in shares of Wix.com during the fourth quarter worth $47,000. Lindbrook Capital LLC lifted its holdings in Wix.com by 207.0% in the first quarter. Lindbrook Capital LLC now owns 482 shares of the information services provider’s stock valued at $50,000 after buying an additional 325 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in Wix.com by 105.1% in the first quarter. Steward Partners Investment Advisory LLC now owns 640 shares of the information services provider’s stock valued at $67,000 after buying an additional 328 shares during the period. CWM LLC lifted its holdings in Wix.com by 180.1% in the first quarter. CWM LLC now owns 776 shares of the information services provider’s stock valued at $81,000 after buying an additional 499 shares during the period. Finally, Prospera Financial Services Inc acquired a new position in Wix.com in the first quarter valued at $100,000. Institutional investors and hedge funds own 99.48% of the company’s stock.

Wix.com Stock Up 7.1 %

Wix.com stock opened at $70.70 on Friday. Wix.com Ltd. has a fifty-two week low of $53.12 and a fifty-two week high of $228.74. The stock has a market cap of $4.05 billion, a PE ratio of -9.39 and a beta of 1.30. The firm’s 50-day simple moving average is $66.54 and its 200 day simple moving average is $73.54. The company has a debt-to-equity ratio of 6.33, a quick ratio of 1.04 and a current ratio of 1.04.

Wix.com (NASDAQ:WIXGet Rating) last released its quarterly earnings results on Wednesday, August 10th. The information services provider reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.25. The business had revenue of $345.20 million for the quarter, compared to analysts’ expectations of $344.33 million. Wix.com had a negative net margin of 32.40% and a negative return on equity of 333.40%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.01) earnings per share. Research analysts predict that Wix.com Ltd. will post -4.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on WIX shares. Oppenheimer restated a “market perform” rating on shares of Wix.com in a report on Wednesday, July 27th. Evercore ISI decreased their price target on shares of Wix.com from $145.00 to $105.00 and set a “na” rating for the company in a research note on Tuesday, May 17th. Morgan Stanley lifted their price target on shares of Wix.com from $77.00 to $89.00 and gave the company an “equal weight” rating in a research note on Thursday, August 11th. Jefferies Financial Group decreased their price target on shares of Wix.com from $115.00 to $100.00 in a research note on Tuesday, May 31st. Finally, Royal Bank of Canada lifted their price target on shares of Wix.com from $75.00 to $80.00 and gave the company a “sector perform” rating in a research note on Thursday, August 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Wix.com has a consensus rating of “Hold” and an average target price of $129.13.

Wix.com Company Profile

(Get Rating)

Wix.com Ltd., together with its subsidiaries, develops and markets a cloud-based platform that enables anyone to create a website or web application in North America, Europe, Latin America, Asia, and internationally. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; Wix ADI that enables users to create a website for their specific needs; and Corvid by Wix to create websites and web applications.

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Institutional Ownership by Quarter for Wix.com (NASDAQ:WIX)

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