Rice Hall James & Associates LLC Purchases 48,098 Shares of Wix.com Ltd. $WIX

Rice Hall James & Associates LLC lifted its position in Wix.com Ltd. (NASDAQ:WIX) by 23.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 250,084 shares of the information services provider’s stock after buying an additional 48,098 shares during the period. Wix.com accounts for 1.4% of Rice Hall James & Associates LLC’s portfolio, making the stock its 20th biggest position. Rice Hall James & Associates LLC’s holdings in Wix.com were worth $25,981,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in WIX. Farther Finance Advisors LLC raised its holdings in shares of Wix.com by 122.2% in the fourth quarter. Farther Finance Advisors LLC now owns 240 shares of the information services provider’s stock valued at $25,000 after acquiring an additional 132 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in Wix.com in the fourth quarter worth about $27,000. Geneos Wealth Management Inc. raised its holdings in Wix.com by 632.4% in the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock worth $41,000 after purchasing an additional 215 shares in the last quarter. Employees Retirement System of Texas raised its holdings in Wix.com by 129.9% in the fourth quarter. Employees Retirement System of Texas now owns 446 shares of the information services provider’s stock worth $46,000 after purchasing an additional 252 shares in the last quarter. Finally, Banque Cantonale Vaudoise raised its holdings in Wix.com by 464.8% in the fourth quarter. Banque Cantonale Vaudoise now owns 497 shares of the information services provider’s stock worth $52,000 after purchasing an additional 409 shares in the last quarter. 81.52% of the stock is currently owned by institutional investors.

Wix.com Stock Down 0.7%

Shares of NASDAQ WIX opened at $45.59 on Tuesday. The business’s 50 day moving average price is $64.08 and its 200 day moving average price is $80.16. The firm has a market cap of $2.66 billion, a P/E ratio of -58.45 and a beta of 0.92. Wix.com Ltd. has a 52 week low of $42.66 and a 52 week high of $190.93.

Wix.com (NASDAQ:WIX) last issued its 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). Wix.com had a negative net margin of 1.97% and a negative return on equity of 33.28%. The firm had revenue of $541.17 million during the quarter, compared to analysts’ expectations of $544.04 million. During the same quarter in the prior year, the company earned $1.69 EPS. Wix.com’s quarterly revenue was up 14.2% on a year-over-year basis. As a group, research analysts expect that Wix.com Ltd. will post -0.27 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on WIX. Royal Bank Of Canada reduced their target price on shares of Wix.com from $60.00 to $45.00 and set a “sector perform” rating for the company in a report on Tuesday, June 9th. Robert W. Baird downgraded shares of Wix.com from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $115.00 to $90.00 in a report on Monday, March 9th. Oppenheimer reduced their target price on shares of Wix.com from $115.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday, May 14th. Citizens Jmp downgraded shares of Wix.com from a “market outperform” rating to a “market perform” rating in a report on Tuesday, April 7th. Finally, Citigroup reduced their target price on shares of Wix.com from $66.00 to $59.00 and set a “neutral” rating for the company in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $97.95.

Wix.com 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.