|Bid||0.00 x 900|
|Ask||145.50 x 800|
|Day's Range||119.56 - 122.90|
|52 Week Range||76.05 - 126.91|
|Beta (3Y Monthly)||1.01|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 6, 2019 - May 10, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||120.17|
Snap's (SNAP) first-quarter results are expected to benefit from initiatives related to original shows and e-commerce amid stiff competition.
Wix.com (WIX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Wix, a provider of web development services for growing an online presence, hit a new high Friday, breaking out from a bullish cup-with-handle pattern. It's the IBD Stock Of The Day.
Wix.com Ltd.'s (NASDAQ:WIX): Wix.com Ltd. develops and markets an Internet service that allows users to create Web content in North America, Europe, Latin America, Asia, and internationally. The US$6.1b market-cap comp...
NEW YORK, April 10, 2019 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX), today announced its plans to build a new headquarters and campus in Tel Aviv, Israel. Wix continues to grow rapidly and is nearing capacity in its current location in the Port of Tel Aviv. The new 50,000 square meter space is part of a larger commercial development being built in Tel Aviv, and is expected to become Wix's new headquarters as well as a campus for employees based in Tel Aviv beginning in 2022, and will be able to accommodate continued growth for years to come.
Just to look at the stock chart for Shopify (NYSE:SHOP), an investor might think good news was everywhere. Shopify stock does trade modestly below an all-time high, reached earlier this month. But SHOP stock has gained over 70% from December lows and now trades at nosebleed valuations.Source: Shopify via FlickrIndeed, using analyst consensus for 2019, and even backing out the company's roughly $2 billion in cash and investments, SHOP trades at over 200x 2020 EPS estimates. Forward EV/revenue is in the 10x range. Even considering the whopping valuations being paid for platform stocks, SHOP looks significantly overvalued.I'm not alone in seeing Shopify stock that way. Fellow contributor Dana Blankenhorn called SHOP a bubble last month. A week earlier, Tezcan Gecgil argued investors should take profits. And back in February, I thought SHOP stock was overvalued - at $190 against a current $206.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The Elite 8 Stocks to Buy for Massive Outperformance A few weeks later, I'm even more convinced. The issue for SHOP stock isn't just valuation, it's that the news so far in 2019 really hasn't been that good. With SHOP stock up 49% already, at some point investors will start questioning just how much they're willing to pay for Shopify stock. Bad News for Shopify StockTo be sure, there is a bull case for Shopify stock. Indeed, I've recommended the stock in the past. Growth continues to be impressive. The company has established dominance in the ecommerce platform space, making itself indispensable to thousands of small businesses. And there is room to acquire larger clients, too, further expanding the company's addressable market.But even bulls at this point have to admit that something close to perfection is priced in. Analysts who have long been bullish on stocks like SHOP only have an average price target of $187, nearly 10% downside from current levels. Yet perfection isn't what Shopify has offered of late.For instance, the initial reaction to fourth quarter results in February was negative. Shopify stock sold off, largely because guidance was modestly disappointing. Investors changed their tune rather quickly but it's not as if the 2019 outlook was all that impressive, or suggested faster growth than the market expected.Since then, competition has reared its head. Square (NYSE:SQ) is integrating Weebly, which it acquired last year, making it a more direct competitor to Shopify. More notably, Facebook (NASDAQ:FB) unit Instagram has rolled out Checkout, which allows customers to purchase items directly through the app, potentially bypassing Shopify. Privately held Mailchimp left the Shopify platform this month and acquired a competitor at the same time.SHOP stock indeed fell on the launch of Checkout and on the Mailchimp news, yet already has recouped the losses. It's as if investors already assume that Shopify is something close to bulletproof. But that might not be the case. Other Risks to SHOP StockAgain, Shopify's growth is likely to continue. The company has built an impressive platform, and as CEO Tobi Lutke pointed out in the Q4 release, no software-as-a-service company has made it faster to $1 billion in sales than Shopify.But valuation matters. Competition matters. And risk matters.SHOP stock has outrun Wall Street. It will take years for the company to grow into even a reasonable earnings multiple, even excluding hefty stock-based compensation, which is guided to total $160 million in 2019 (over $1 per share even after-tax).Competitors are taking aim at the company including not just Square and possibly Mailchimp, but also Amazon (NASDAQ:AMZN) and Wix (NASDAQ:WIX).And Shopify needs the economy to cooperate. It's not hard to imagine that current demand might be near a peak. The economy is booming, at least in the U.S. That generally helps small businesses and gives entrepreneurs the confidence to take risks. But as I've argued before, small businesses fall first when the economy turns, which could provide a significant blow to Shopify's growth.None of these risks are priced in, even with signs that the U.S. economy is starting to slow. It leaves SHOP stock with very little margin for error and at a valuation that seems to leave little room for upside.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Transformed Their Business * 8 Genomic Testing Stocks That Can Ease the Sting of Theranos * 7 Weak Blue-Chip Stocks to Trim Immediately Compare Brokers The post Right Now Shopify Stock Looks Ready for a Big Fall appeared first on InvestorPlace.
Wix.com (WIX) rides on product innovations and partnership deals. Further, the company's sound liquidity and cash flow is a positive.
Wix.com (WIX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
NEW YORK, March 21, 2019 /PRNewswire/ -- Wix.com, Ltd. (WIX) is delighted to congratulate Maggie O'Donnell for her recognition as a 2019 Rising Star by IR Magazine. O'Donnell collected the award on Wednesday, March 20 at an event hosted by IR Magazine in New York City. "It's no surprise to us that Maggie has been recognized by her industry peers for her work at Wix," said Joe Pollaro, Head of Investor Relations at Wix.
Initiated coverage of Wix.com Ltd (NASDAQ: WIX) with a Buy rating and $130 price target. Initiated HubSpot Inc (NYSE: HUBS) with a Buy rating and $190 price target. For Wix.com, Wong said the company has a large market opportunity and a strong business model, and the stock deserves a premium valuation.
You don't have to look far to see the bull case for Shopify (NYSE:SHOP). Even intuitively, we all recognize that ecommerce has revolutionized the retail industry. Given the dramatic, long-term success of Amazon (NASDAQ:AMZN) and its ilk, it's only natural that Shopify stock receives positive coverage.Source: Shopify via FlickrEarlier this year, our own Chris Lau boldly proclaimed that SHOP stock "should have another great quarter." He hit it spot-on. For the fourth quarter of 2018, Shopify produced adjusted earning of 26 cents per share. This was up five cents above the consensus forecast, and represented over 73% growth year-over-year.More important, management delivered $343.9 million in revenue, topping the consensus target calling for $327 million. Impressively, this latest haul exceeded the year-ago sales tally by a whopping margin of over 54%. Unsurprisingly, the SHOP stock price skyrocketed this year, up nearly 43%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Top-Rated Stocks to Buy for March At the same time, it's hard not to find some critical voices. For instance, InvestorPlace contributor Vince Martin wrote an excellent piece about the valuation risks regarding Shopify stock. Since the company has cyclical challenges, an ever-rising share price presents an uncomfortable proposition for speculators. Plus, as Lau mentioned, Shopify still is losing money.However, the bulls overcome these oft-cited vulnerabilities due to the forward-looking opportunities. As we're told repeatedly, e-commerce as a sector is growing exponentially. As it relates to Shopify stock, the underlining company continues to add members thanks to its user-friendly platform.Furthermore, stakeholders may potentially benefit from the cannabis legalization, and management's international ambitions. Success in either category could reignite the SHOP stock price.But behind most optimistic scenarios is a narrative. Whether that story comes true or not is an entirely different matter. Markets Warn Against Shopify StockI'm not interested in providing another narrative; I'd like to look at the hard data. Make no mistake about it: Shopify stock proved to be one of the most profitable initial public offerings in recent memory. A major reason why is because of the ecommerce firm's meteoric sales growth.From Q2 2015, revenue jumped from just under $45 million to nearly $344 million in the most recent quarter. Over the same timeframe, the average SHOP stock price jumped from $30.56 to $143.09. Mathematically, this represents a correlation of 94%. In other words, as revenues increased, so did the share price: not rocket-science.Interestingly, though, the correlation between sales and share prices dipped to about 54%. True, this is a much smaller sample size, which can create distortions. Nevertheless, the reduction in the relational strength between revenue and market value warrants investigation.As it turns out, Shopify's revenue in terms of percentage growth has consistently declined over the years. For example, in Q4 2016, sales growth was 85.8%. One year later, this metric slipped to 70.9%. In the most recent Q4 as we mentioned, growth is at 54%. In that context, the last earnings report wasn't that impressive.Not only that, the free market generally reflects this revenue decline. In 2017, the average YOY growth in the SHOP stock price ballooned to nearly 158%. Last year, it settled down to a comparatively more reasonable 67%.But I believe this average share-price growth rate will decline further. Keep in mind that Shopify stock is a growth investment. Obviously, you're not earning dividends here. So if the growth narrative starts to falter, speculators have less reason to tolerate risk.As you can see, the growth curve only points in one direction: down. It's Time to Take ProfitsIf you've benefitted from the latest surge in Shopify stock, congratulations! Now is the time to secure those benefits, turning a "paper" victory into a real one.As Martin repeatedly states for SHOP and other investments, valuations matter. In this case, you're paying a hefty premium for declining growth. That doesn't side like a wise move. To me, it sounds like a mini-bubble, that emotions have trumped the fundamentals.And let's talk about those fundamentals. Shopify largely wins off small and medium-sized businesses. But is that enough to sustain the rich premiums for SHOP stock? I'd argue no.As our own Tom Taulli noted, Shopify faces intense competition from Wix.com (NASDAQ:WIX), Woocommerce and Godaddy (NYSE:GDDY). It's winning the battle now, but the war is far from over.In fact, the declining sales growth rate confirms that other factors, like competition and a narrow consumer base, have chipped away at Shopify's armor. With shares up 43% year-to-date, your next move is an obvious one: take the money, and wait for a better re-entry point, if you wish.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Retail Stocks Ready to Break Out * 7 Strong Buy Stocks the Street Loves * 10 Best Stocks to Buy and Hold Forever Compare Brokers The post Now Is the Best Time to Lock in Those Shopify Stock Profits appeared first on InvestorPlace.
Wix Turbo is a platform-wide performance boost across all Wix websites NEW YORK , Feb. 25, 2019 /PRNewswire/ -- Wix.com Ltd. (NASDAQ: WIX) today announced a platform-wide performance boost which will improve ...
Do-it-yourself website designer Wix.com (NASDAQ:WIX) had been offering investors some dazzling visuals off and on the price chart. But following an earnings-related misstep or two, the writing is on the wall -- or at least the WIX stock chart -- and it's not a pretty picture for bulls. Let me explain.On first glance, Wix's latest quarterly confessional delivered to Wall Street this past Wednesday sounded respectable enough. The company beat profit estimates by 10 cents on earnings of 42 cents which jumped by 163% for the fourth quarter. Most companies would kill for those results, right?But a slightly closer inspection of WIX stock's quarterly report revealed decelerating revenue growth of 39% also coming in a tad below Street views. The company also warned of weaker-than-expected sales for Q1 and higher marketing costs. The net result trumped the headline beat as WIX stock fell nearly 12% in the report's immediate aftermath and another two-plus percent during Thursday's session.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo, is this a case of Wall Street overreacting with its expectations? It's always a possibility. But WIX stock hasn't exactly been down on its luck or a quiet, closely held secret for growth stock investors. The other bottom line is that Wix.com's price line has been on fire the past three years, soaring more than 700% -- and it's now warning of a more bearish environment. WIX Stock Weekly Chart As noted, WIX stock has been on a tear for the past three years. Shares moved from a corrective base in February 2016 which flirted with Wix's all-time-low of $14.28 to hitting an all-time-high of $121.45 by October 2018. * 9 High-Growth Stocks to Buy Now for Monster Returns As the broader market corrected this past fall, shares of WIX sank by a fairly common 33% and into an area of technical support backed by the 38% retracement level and prior highs associated with a corrective base carved out during 2017 into 2018.More recent, as the market's "risk-on" trade quickly found favor in late December, WIX stock unsurprisingly rebounded off its low too. However, the fifty-plus percent gain and fresh all-time-highs have come at a price. As the illustrated weekly chart shows, shares of Wix have now established a failed breakout from its corrective cup base.Now and with the post-earnings reaction reversing last week's low, an engulfing candle on massive volume sets the stage for a bearish double-top to emerge. And with the earnings misstep in hand, as well as the bulk of WIX stock's 700% run, shares look at risk of another substantial correction.For investors agreeable with our somber forecast and open to shorting shares, WIX stock is currently in a position for bears to profit from. A suggested technical stop-loss above the weekly chart's opening price of $122.32 and back above the October high allows for risk of around 12.50%. The exposure is a bit more than I'd typically like to see. Still, given Wix's volatility and with an eye on a challenge of the recent lows, also appropriate and approachable.Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. . For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 6 Hot Stocks For Goldman Sachs' New Investing Strategy * 10 Smart Money Stocks to Buy Now * The 10 Best Cheap Stocks to Buy Right Now Compare Brokers The post Why Wix Stock Is a Short appeared first on InvestorPlace.
Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! Wix.com Ltd. (NASDAQ:WIX), which is in the it business, andRead More...
Wix.com earnings and revenue topped fourth-quarter estimates. But Wix stock tumbled as the website design firm issued weak revenue guidance for Q1 and 2019.