Wix.Com (WIX) Posts Earnings Results, Beats Estimates By $0.05 EPS
Wix.Com (NASDAQ:WIX) announced its quarterly earnings data on Wednesday. The information services provider reported ($0.08) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.05, Morningstar.com reports. Wix.Com had a negative return on equity of 33,346.88% and a negative net margin of 14.27%. The business had revenue of $118.60 million during the quarter, compared to the consensus estimate of $116.86 million. During the same period in the previous year, the company posted $0.06 earnings per share. The business’s revenue for the quarter was up 40.9% on a year-over-year basis.
Shares of Wix.Com (NASDAQ WIX) traded up $2.45 on Wednesday, reaching $65.55. The company had a trading volume of 1,392,400 shares, compared to its average volume of 593,214. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.86 and a quick ratio of 0.86. Wix.Com has a 52-week low of $50.90 and a 52-week high of $86.15. The firm has a market capitalization of $2,868.31, a P/E ratio of -52.86 and a beta of 2.16.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bamco Inc. NY lifted its stake in Wix.Com by 10.4% in the fourth quarter. Bamco Inc. NY now owns 1,655,885 shares of the information services provider’s stock valued at $95,296,000 after buying an additional 155,790 shares during the last quarter. Jackson Square Partners LLC lifted its stake in Wix.Com by 55.2% in the fourth quarter. Jackson Square Partners LLC now owns 1,322,809 shares of the information services provider’s stock valued at $76,127,000 after buying an additional 470,579 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Wix.Com by 17.4% in the fourth quarter. Clearbridge Investments LLC now owns 1,150,051 shares of the information services provider’s stock valued at $66,185,000 after buying an additional 170,122 shares during the last quarter. Menora Mivtachim Holdings LTD. lifted its stake in Wix.Com by 146.1% in the third quarter. Menora Mivtachim Holdings LTD. now owns 1,050,796 shares of the information services provider’s stock valued at $75,500,000 after buying an additional 623,876 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Wix.Com by 2.2% in the fourth quarter. Victory Capital Management Inc. now owns 948,740 shares of the information services provider’s stock valued at $54,600,000 after buying an additional 20,510 shares during the last quarter. Institutional investors own 79.05% of the company’s stock.
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Wix.com Ltd. (Wix) is a Web development platform enabling businesses and organizations to take businesses, brands and workflow online. The Company 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.
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