Wix.Com Ltd (WIX) Can’t Be More Risky. The Stock Formed a Bearish Head & Shoulders

September 17, 2017 - By Nellie Frank

Investors sentiment increased to 1.78 in Q4 2016. Its up 0.35, from 1.43 in 2016Q3. It increased, as 9 investors sold Wix.Com Ltd shares while 36 reduced holdings. 33 funds opened positions while 47 raised stakes. 31.83 million shares or 7.98% more from 29.48 million shares in 2016Q3 were reported.
The Connecticut-based Point72 Asset Mngmt Lp has invested 0.19% in Wix.Com Ltd (NASDAQ:WIX). Everpoint Asset Mngmt Ltd Llc holds 22,000 shares or 0.02% of its portfolio. Oppenheimer And has invested 0.01% of its portfolio in Wix.Com Ltd (NASDAQ:WIX). Pennsylvania-based Vanguard Group Inc Inc has invested 0% in Wix.Com Ltd (NASDAQ:WIX). Redwood Invests Limited Co accumulated 0.11% or 27,469 shares. Raymond James Financial Svcs Advisors accumulated 0.01% or 30,383 shares. Neuberger Berman Group Inc Limited Liability owns 20,000 shares. Tiaa Cref Inv Ltd Company stated it has 75,025 shares or 0% of all its holdings. Eam Ltd holds 0.06% in Wix.Com Ltd (NASDAQ:WIX) or 9,444 shares. The Nevada-based Navellier & Associate has invested 0.06% in Wix.Com Ltd (NASDAQ:WIX). Moreover, Independent Port Consultants has 0.01% invested in Wix.Com Ltd (NASDAQ:WIX) for 375 shares. 469,942 were accumulated by Marshall Wace Llp. 510,875 were reported by Lord Abbett & Com Ltd Liability Com. Tudor Inv Et Al stated it has 12,186 shares. Omega Advsr accumulated 0.05% or 25,000 shares.

The stock of Wix.Com Ltd (WIX) formed H&S with $64.68 target or 7.00 % below today’s $69.55 share price. The 6 months Head & Shoulders indicates high risk for the $3.16B company. It was reported on Sep, 17 by Faxor.com. If the $64.68 price target is reached, the company will be worth $221.20M less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock increased 0.72% or $0.5 on September 15, reaching $69.55. About 501,372 shares traded. Wix.Com Ltd (NASDAQ:WIX) has risen 188.42% since September 17, 2016 and is uptrending. It has outperformed by 171.72% the S&P500.

Wall Street await Wix.Com Ltd (NASDAQ:WIX) to release earnings on November, 9. Analysts forecast earnings per share of $-0.10, up exactly $0.13 or 56.52 % from 2014’s $-0.23 EPS. After posting $-0.26 EPS for the previous quarter, Wix.Com Ltd’s analysts now forecast -61.54 % EPS growth.

Wix.Com Ltd (NASDAQ:WIX) Ratings Coverage

Among 12 analysts covering Wix.com (NASDAQ:WIX), 7 have Buy rating, 0 Sell and 5 Hold. Therefore 58% are positive. Wix.com had 23 analyst reports since August 6, 2015 according to SRatingsIntel. On Thursday, July 27 the stock rating was maintained by RBC Capital Markets with “Hold”. The firm has “Neutral” rating by Cantor Fitzgerald given on Tuesday, April 11. The stock of Wix.Com Ltd (NASDAQ:WIX) earned “Buy” rating by KeyBanc Capital Markets on Monday, August 21. On Thursday, November 5 the stock rating was maintained by RBC Capital Markets with “Outperform”. Deutsche Bank maintained the stock with “Hold” rating in Thursday, August 6 report. On Friday, September 23 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. The stock of Wix.Com Ltd (NASDAQ:WIX) has “Buy” rating given on Wednesday, September 2 by Deutsche Bank. On Tuesday, July 25 the stock rating was maintained by Oppenheimer with “Buy”. Oppenheimer maintained the shares of WIX in report on Thursday, August 6 with “Outperform” rating. Cantor Fitzgerald initiated the shares of WIX in report on Wednesday, October 19 with “Buy” rating.

More news for Wix.Com Ltd (NASDAQ:WIX) were recently published by: Benzinga.com, which released: “Wix Is A ‘Standout Premium-Growth Story,’ And Jefferies Rates It A Buy” on August 25, 2017. Nasdaq.com‘s article titled: “WIX Makes Bullish Cross Above Critical Moving Average” and published on August 30, 2017 is yet another important article.

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