10,690 Shares in Wix.com Ltd. $WIX Bought by Readystate Asset Management LP

Readystate Asset Management LP bought a new position in shares of Wix.com Ltd. (NASDAQ:WIX) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,690 shares of the information services provider’s stock, valued at approximately $485,000.

A number of other hedge funds also recently bought and sold shares of WIX. Farther Finance Advisors LLC boosted its position in shares of Wix.com by 122.2% during the fourth quarter. Farther Finance Advisors LLC now owns 240 shares of the information services provider’s stock worth $25,000 after buying an additional 132 shares during the period. TD Private Client Wealth LLC raised its position in Wix.com by 18.7% in the 4th quarter. TD Private Client Wealth LLC now owns 940 shares of the information services provider’s stock valued at $98,000 after buying an additional 148 shares during the last quarter. Cerity Partners LLC raised its position in Wix.com by 13.4% in the 2nd quarter. Cerity Partners LLC now owns 1,484 shares of the information services provider’s stock valued at $235,000 after buying an additional 175 shares during the last quarter. Dark Forest Capital Management LP lifted its stake in Wix.com by 9.8% in the 3rd quarter. Dark Forest Capital Management LP now owns 2,062 shares of the information services provider’s stock valued at $366,000 after acquiring an additional 184 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its stake in Wix.com by 7.6% in the 4th quarter. Royal London Asset Management Ltd. now owns 2,733 shares of the information services provider’s stock valued at $284,000 after acquiring an additional 193 shares in the last quarter. 81.52% of the stock is currently owned by institutional investors.

Wix.com Stock Performance

Shares of NASDAQ WIX opened at $76.21 on Tuesday. The stock has a 50 day moving average price of $64.44 and a 200 day moving average price of $66.88. The stock has a market capitalization of $4.44 billion, a PE ratio of -21.53, a price-to-earnings-growth ratio of 36.22 and a beta of 1.02. Wix.com Ltd. has a 52 week low of $40.16 and a 52 week high of $190.93.

Wix.com (NASDAQ:WIX) last posted its quarterly earnings results on Tuesday, August 4th. The information services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.26. Wix.com had a negative return on equity of 1.61% and a negative net margin of 8.19%.The firm had revenue of $563.06 million for the quarter, compared to analyst estimates of $552.56 million. During the same quarter in the previous year, the firm earned $2.28 EPS. The business’s quarterly revenue was up 14.9% on a year-over-year basis. As a group, research analysts forecast that Wix.com Ltd. will post 0.24 EPS for the current year.

Wall Street Analysts Forecast Growth

WIX has been the subject of several research reports. Wells Fargo & Company raised their price target on shares of Wix.com from $46.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 5th. Barclays cut their price objective on shares of Wix.com from $155.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. JPMorgan Chase & Co. reduced their target price on shares of Wix.com from $86.00 to $62.00 and set an “underweight” rating for the company in a report on Thursday, June 18th. Benchmark reaffirmed a “buy” rating on shares of Wix.com in a research report on Wednesday, August 26th. Finally, Scotiabank reiterated an “outperform” rating on shares of Wix.com in a research note on Tuesday, June 9th. Eleven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Wix.com presently has a consensus rating of “Hold” and a consensus target price of $90.57.

Insider Buying and Selling

In other news, insider Shelly B. Meyer sold 479 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $95.00, for a total value of $45,505.00. Following the sale, the insider directly owned 183,010 shares of the company’s stock, valued at approximately $17,385,950. This represents a 0.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Omer Shai bought 490 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was purchased at an average price of $59.89 per share, with a total value of $29,346.10. Following the completion of the purchase, the chief marketing officer directly owned 515,879 shares in the company, valued at $30,895,993.31. The trade was a 0.10% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 2,622 shares of company stock worth $157,032. Corporate insiders own 6.20% of the company’s stock.

Wix.com Company Profile

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.