Is Wix.com Ltd. (WIX) a Buy? The Stock Reaches All Time High Today

April 17, 2018 - By Linda Rogers

Wix.com Ltd. (NASDAQ:WIX) Logo

Investors sentiment decreased to 0.84 in 2017 Q4. Its down 0.12, from 0.96 in 2017Q3. It dived, as 29 investors sold Wix.com Ltd. shares while 35 reduced holdings. 20 funds opened positions while 34 raised stakes. 33.68 million shares or 1.29% less from 34.13 million shares in 2017Q3 were reported.
Grandeur Peak Global Advsr Ltd holds 2.83% of its portfolio in Wix.com Ltd. (NASDAQ:WIX) for 378,975 shares. Whittier Trust stated it has 15 shares or 0% of all its holdings. Royal Financial Bank Of Canada has 0% invested in Wix.com Ltd. (NASDAQ:WIX). Legal & General Group Inc Public Limited Com invested in 0% or 5,600 shares. Suntrust Banks holds 0% or 4,903 shares in its portfolio. Citigroup Inc has invested 0.02% in Wix.com Ltd. (NASDAQ:WIX). Steadfast Mgmt Limited Partnership stated it has 3.59% in Wix.com Ltd. (NASDAQ:WIX). 128,500 were reported by Spark Invest Mngmt. Taylor Frigon Capital Ltd Llc invested 1.08% in Wix.com Ltd. (NASDAQ:WIX). Vanguard Gp has invested 0% in Wix.com Ltd. (NASDAQ:WIX). Point72 Asset Lp holds 0% or 11,100 shares in its portfolio. The California-based Menta Cap Limited Liability Corp has invested 0.11% in Wix.com Ltd. (NASDAQ:WIX). Macquarie Grp Ltd has invested 0.03% in Wix.com Ltd. (NASDAQ:WIX). Granite Inv Prtnrs Limited Liability Company reported 209,409 shares stake. Bancorp Of Montreal Can holds 0% of its portfolio in Wix.com Ltd. (NASDAQ:WIX) for 434 shares.

The stock of Wix.com Ltd. (NASDAQ:WIX) reached all time high today, Apr, 17 and still has $95.53 target or 8.00 % above today’s $88.45 share price. This indicates more upside for the $4.15B company. This technical setup was reported by Barchart.com. If the $95.53 PT is reached, the company will be worth $331.76M 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 increased 3.33% or $2.85 during the last trading session, reaching $88.45. About 253,716 shares traded. Wix.com Ltd. (NASDAQ:WIX) has risen 17.38% since April 17, 2017 and is uptrending. It has outperformed by 5.83% the S&P500.

Analysts await Wix.com Ltd. (NASDAQ:WIX) to report earnings on May, 9. They expect $-0.40 earnings per share, up 14.89 % or $0.07 from last year’s $-0.47 per share. After $-0.08 actual earnings per share reported by Wix.com Ltd. for the previous quarter, Wall Street now forecasts 400.00 % negative EPS growth.

Wix.com Ltd. (NASDAQ:WIX) Ratings Coverage

Among 11 analysts covering Wix.com Ltd (NASDAQ:WIX), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Wix.com Ltd had 15 analyst reports since November 2, 2017 according to SRatingsIntel. The stock of Wix.com Ltd. (NASDAQ:WIX) has “Hold” rating given on Thursday, February 15 by Wedbush. The company was maintained on Thursday, November 9 by KeyBanc Capital Markets. The firm has “Buy” rating given on Thursday, January 4 by Raymond James. The stock of Wix.com Ltd. (NASDAQ:WIX) earned “Hold” rating by RBC Capital Markets on Thursday, November 2. The stock has “Overweight” rating by KeyBanc Capital Markets on Monday, March 19. The stock has “Buy” rating by Barclays Capital on Thursday, February 15. Barclays Capital maintained Wix.com Ltd. (NASDAQ:WIX) rating on Thursday, November 9. Barclays Capital has “Overweight” rating and $65 target. The stock has “Buy” rating by KeyBanc Capital Markets on Sunday, March 25. The firm has “Buy” rating by Needham given on Thursday, February 15. The firm has “Buy” rating by SunTrust given on Monday, November 6.

Wix.com Ltd. develops and markets an Internet service that allows users to create Web content in Latin America, Europe, North America, Asia, and internationally. The company has market cap of $4.15 billion. It offers Web development, design, and management solutions and apps through an online platform that enables its user base of businesses, organizations, professionals, and individuals to create a digital presence. It currently has negative earnings. The company's principal product is the Wix Editor, a drag-and-drop visual development and Website editing environment.

Wix.com Ltd. (NASDAQ:WIX) Ratings Chart

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