Is Buying 52-Week Stock Like Wix.com Ltd. (WIX) a Winning Strategy?

July 16, 2018 - By Robert Shackelford

Wix.com Ltd. (NASDAQ:WIX) Logo

Investors sentiment increased to 1.38 in Q1 2018. Its up 0.54, from 0.84 in 2017Q4. It improved, as 14 investors sold Wix.com Ltd. shares while 38 reduced holdings. 35 funds opened positions while 37 raised stakes. 37.89 million shares or 12.49% more from 33.68 million shares in 2017Q4 were reported.
Tiaa Cref Invest Lc has invested 0% in Wix.com Ltd. (NASDAQ:WIX). 1.77M were accumulated by Jackson Square Prtn Limited Liability Corp. 52,582 are held by Bank & Trust Of America Corporation De. The Illinois-based Guggenheim Capital Ltd Liability has invested 0% in Wix.com Ltd. (NASDAQ:WIX). Portolan Cap Management Lc, a Massachusetts-based fund reported 29,889 shares. Fil holds 83,025 shares. Bankshares Of New York Mellon Corp reported 0% in Wix.com Ltd. (NASDAQ:WIX). Grandeur Peak Advsr Ltd Company invested 3.43% of its portfolio in Wix.com Ltd. (NASDAQ:WIX). Tudor Inv Et Al invested in 18,401 shares or 0.05% of the stock. Acadian Asset Mngmt Llc holds 0.01% in Wix.com Ltd. (NASDAQ:WIX) or 43,491 shares. Cubist Systematic Strategies Lc holds 6,209 shares. Oak Ridge Invs Ltd Limited Liability Company has invested 0.73% in Wix.com Ltd. (NASDAQ:WIX). Jpmorgan Chase & owns 1,004 shares. Legal & General Grp Public Ltd reported 0% of its portfolio in Wix.com Ltd. (NASDAQ:WIX). Swiss Comml Bank, a Switzerland-based fund reported 59,500 shares.

The stock of Wix.com Ltd. (NASDAQ:WIX) hit a new 52-week high and has $111.24 target or 3.00 % above today’s $108.00 share price. The 9 months bullish chart indicates low risk for the $5.06B company. The 1-year high was reported on Jul, 16 by Barchart.com. If the $111.24 price target is reached, the company will be worth $151.92M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.22% or $1.3 during the last trading session, reaching $108. About 264,509 shares traded. Wix.com Ltd. (NASDAQ:WIX) has risen 12.68% since July 16, 2017 and is uptrending. It has outperformed by 0.11% the S&P500.

Analysts await Wix.com Ltd. (NASDAQ:WIX) to report earnings on July, 26. They expect $-0.20 EPS, up 23.08 % or $0.06 from last year’s $-0.26 per share. After $-0.42 actual EPS reported by Wix.com Ltd. for the previous quarter, Wall Street now forecasts -52.38 % EPS growth.

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

Among 13 analysts covering Wix.com Ltd (NASDAQ:WIX), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. Wix.com Ltd had 15 analyst reports since February 15, 2018 according to SRatingsIntel. The company was maintained on Wednesday, April 18 by Northland Capital. Citigroup maintained it with “Neutral” rating and $78 target in Wednesday, February 21 report. KeyBanc Capital Markets maintained it with “Buy” rating and $10300 target in Sunday, March 25 report. Jefferies maintained it with “Buy” rating and $8600 target in Monday, May 7 report. On Thursday, February 15 the stock rating was maintained by Needham with “Buy”. Barclays Capital maintained Wix.com Ltd. (NASDAQ:WIX) on Tuesday, May 1 with “Overweight” rating. JMP Securities maintained the shares of WIX in report on Wednesday, June 6 with “Market Outperform” rating. The firm has “Buy” rating by Barclays Capital given on Thursday, February 15. KeyBanc Capital Markets maintained Wix.com Ltd. (NASDAQ:WIX) rating on Monday, March 19. KeyBanc Capital Markets has “Overweight” rating and $103 target. The stock has “Hold” rating by Wedbush on Thursday, February 15.

More notable recent Wix.com Ltd. (NASDAQ:WIX) news were published by: Seekingalpha.com which released: “Wix: The Website King” on July 09, 2018, also Seekingalpha.com with their article: “Wix.com: Buy This Industry Disruptor” published on June 19, 2018, Seekingalpha.com published: “HubSpot: A Mini Salesforce?” on July 12, 2018. More interesting news about Wix.com Ltd. (NASDAQ:WIX) were released by: Nasdaq.com and their article: “Square Stock Is So Hot It Won’t Be Long Before PayPal Strikes Back” published on June 28, 2018 as well as Seekingalpha.com‘s news article titled: “Wix, Shutterfly gain as Apple ends Photo Print Products” with publication date: July 12, 2018.

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 $5.06 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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