Market Runner: Does Wix.Com Ltd Have More Gas After Reaching All Time High?

Market Runner: Does Wix.Com Ltd Have More Gas After Reaching All Time High?

The stock of Wix.Com Ltd (NASDAQ:WIX) reached all time high today, Nov, 25 and still has $54.13 target or 5.00% above today’s $51.55 share price. This indicates more upside for the $2.11 billion company. This technical setup was reported by Barchart.com. If the $54.13 PT is reached, the company will be worth $105.50 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock decreased 1.06% or $0.55 during the last trading session, hitting $51.55. About 120,202 shares traded hands. Wix.Com Ltd (NASDAQ:WIX) has risen 114.05% since April 22, 2016 and is uptrending. It has outperformed by 108.64% the S&P500.

Analysts await Wix.Com Ltd (NASDAQ:WIX) to report earnings on February, 8. They expect $-0.16 EPS, up 40.74% or $0.11 from last year’s $-0.27 per share. After $-0.23 actual EPS reported by Wix.Com Ltd for the previous quarter, Wall Street now forecasts -30.43% EPS growth.

Wix.Com Ltd (NASDAQ:WIX) Ratings Coverage

Out of 5 analysts covering Wix.com (NASDAQ:WIX), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Wix.com has been the topic of 11 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Thursday, August 6 by Oppenheimer. The rating was upgraded by Deutsche Bank to “Buy” on Wednesday, September 2. JP Morgan downgraded Wix.Com Ltd (NASDAQ:WIX) rating on Wednesday, September 21. JP Morgan has “Neutral” rating and $50 price target. The firm has “Market Outperform” rating given on Tuesday, November 24 by JMP Securities. The firm earned “Hold” rating on Thursday, August 6 by Deutsche Bank. On Wednesday, October 19 the stock rating was initiated by Cantor Fitzgerald with “Buy”. The firm has “Outperform” rating given on Thursday, February 11 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Thursday, August 6 with “Outperform”. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, September 23. The stock of Wix.Com Ltd (NASDAQ:WIX) earned “Outperform” rating by RBC Capital Markets on Thursday, November 5.

According to Zacks Investment Research, “Wix.com Ltd. is a cloud-based web development platform. The Company’s platform offers solutions that enable businesses, organizations, professionals and individuals to develop customized websites and application platforms. Wix.com Ltd. is headquartered in Tel Aviv, Israel.”

Insitutional Activity: The institutional sentiment decreased to 1.43 in 2016 Q2. Its down 0.24, from 1.67 in 2016Q1. The ratio turned negative, as 16 funds sold all Wix.Com Ltd shares owned while 23 reduced positions. 27 funds bought stakes while 38 increased positions. They now own 24.99 million shares or 5.64% more from 23.65 million shares in 2016Q1.
Moreover, New York State Common Retirement Fund has 0% invested in Wix.Com Ltd (NASDAQ:WIX) for 49,913 shares. Jane Street Gru Limited Liability Company holds 0% of its portfolio in Wix.Com Ltd (NASDAQ:WIX) for 16,750 shares. Envestnet Asset Mgmt owns 3,922 shares or 0% of their US portfolio. Utd Automobile Association, a Texas-based fund reported 60,890 shares. Blackrock Japan holds 0% of its portfolio in Wix.Com Ltd (NASDAQ:WIX) for 1,431 shares. Parametric Associate Lc last reported 15,612 shares in the company. Baillie Gifford And accumulated 1.31 million shares or 0.07% of the stock. Commercial Bank Of Ny Mellon holds 76,344 shares or 0% of its portfolio. Sg Americas Securities Limited Liability Corporation owns 31,077 shares or 0.01% of their US portfolio. Commonwealth Of Pennsylvania Pub School Empls Retrmt Systems accumulated 18,904 shares or 0.01% of the stock. Moreover, Creative Planning has 0% invested in Wix.Com Ltd (NASDAQ:WIX) for 200 shares. Deer Vii Communications last reported 951,090 shares in the company. Ion Asset Mngmt last reported 5.89% of its portfolio in the stock. Tower Llc (Trc) owns 88 shares or 0% of their US portfolio. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Wix.Com Ltd (NASDAQ:WIX) for 5,714 shares.

More recent Wix.Com Ltd (NASDAQ:WIX) news were published by: Prnewswire.com which released: “Is Your Wix.com Online Store a Slam Dunk to Win an Online Commercial?” on October 27, 2016. Also Prnewswire.com published the news titled: “Wix.com Launches Wix App Providing a Powerful Mobile Operating System for …” on October 05, 2016. Prnewswire.com‘s news article titled: “Cover Shoot Of A Lifetime: Three Inspired Wix Photographers Win Chance To …” with publication date: August 25, 2016 was also an interesting one.

WIX Company Profile

Wix.com Ltd. (Wix), incorporated on October 5, 2006, is a Web development platform enabling businesses and organizations to take businesses, brands and workflow online. The Firm 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. These applications provide Wix registered users a bespoke front-end for clients visiting their Website, as well as a back-end management dashboard. The Firm has developed these software applications for businesses in specific verticals, including retail and online stores, hotel and property management, music and restaurants. These vertical applications are integrated into the Company’s Website templates or can be installed on any existing Website and set up by the user and without the need to write code. The Firm offers its platform in various languages, including English, French, Spanish, Portuguese, Italian, Russian, German, Japanese, Korean, Polish, Dutch, Turkish, Hindi, Norwegian, Swedish and Danish.

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