Strs Ohio Has $2.66 Million Stake in Wix.com Ltd. $WIX

Strs Ohio lowered its stake in shares of Wix.com Ltd. (NASDAQ:WIX) by 59.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,563 shares of the information services provider’s stock after selling 43,278 shares during the period. Strs Ohio owned approximately 0.05% of Wix.com worth $2,663,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of WIX. OVERSEA CHINESE BANKING Corp Ltd bought a new position in Wix.com during the 4th quarter worth approximately $4,087,000. Dream Peak Capital Ltd acquired a new stake in Wix.com in the fourth quarter worth $1,500,000. Massachusetts Financial Services Co. MA raised its holdings in Wix.com by 70.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 520,633 shares of the information services provider’s stock worth $54,089,000 after purchasing an additional 214,864 shares during the period. Lakehouse Capital Pty Ltd boosted its position in shares of Wix.com by 43.1% during the third quarter. Lakehouse Capital Pty Ltd now owns 108,480 shares of the information services provider’s stock worth $19,269,000 after purchasing an additional 32,686 shares in the last quarter. Finally, Hudson Bay Capital Management LP bought a new position in shares of Wix.com during the third quarter worth $2,035,000. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wix.com Price Performance

WIX stock traded up $1.47 during trading hours on Tuesday, reaching $51.68. 125,862 shares of the stock were exchanged, compared to its average volume of 2,358,730. The firm’s 50-day moving average is $55.68 and its 200-day moving average is $74.32. The company has a market cap of $3.01 billion, a price-to-earnings ratio of -65.46 and a beta of 0.93. Wix.com Ltd. has a 12 month low of $40.16 and a 12 month high of $190.93.

Wix.com (NASDAQ:WIX) last issued its quarterly earnings results on Wednesday, May 13th. The information services provider reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.53). The firm had revenue of $541.17 million during the quarter, compared to the consensus estimate of $544.04 million. Wix.com had a negative net margin of 1.97% and a negative return on equity of 33.28%. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.69 earnings per share. As a group, equities research analysts forecast that Wix.com Ltd. will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Cantor Fitzgerald lowered their price objective on shares of Wix.com from $110.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Piper Sandler started coverage on Wix.com in a research note on Thursday, March 12th. They issued a “neutral” rating and a $98.00 target price for the company. Weiss Ratings downgraded Wix.com from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Citizens Jmp lowered Wix.com from a “market outperform” rating to a “market perform” rating in a research report on Tuesday, April 7th. Finally, Bank of America cut their price objective on Wix.com from $136.00 to $109.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $96.75.

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.