ContextLogic Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ContextLogic in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ContextLogic stock.
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ContextLogic saw a increase in short interest in July. As of July 15th, there was short interest totaling 28,890,000 shares, an increase of 37.7% from the June 30th total of 20,980,000 shares. Based on an average daily volume of 61,890,000 shares, the short-interest ratio is currently 0.5 days. Currently, 8.5% of the shares of the company are sold short.
View ContextLogic's Short Interest.

ContextLogic is scheduled to release its next quarterly earnings announcement on Thursday, August 12th 2021.
View our earnings forecast for ContextLogic.

ContextLogic will be holding an earnings conference call on Thursday, August 12th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

ContextLogic Inc. (NASDAQ:WISH) announced its earnings results on Wednesday, May, 12th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.18) by $0.03. The company earned $772 million during the quarter, compared to analysts' expectations of $743.77 million. The firm's quarterly revenue was up 75.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.62) earnings per share.
View ContextLogic's earnings history.

ContextLogic's stock was trading at $0.3601 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, WISH stock has increased by 2,671.5% and is now trading at $9.98.
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ContextLogic updated its second quarter 2021 earnings guidance on Tuesday, June, 8th. The company provided earnings per share (EPS) guidance of $- for the period. The company issued revenue guidance of $715 million-730 million, compared to the consensus revenue estimate of $759.13 million.

14 brokerages have issued 12-month price objectives for ContextLogic's stock. Their forecasts range from $12.00 to $30.00. On average, they anticipate ContextLogic's stock price to reach $21.67 in the next twelve months. This suggests a possible upside of 117.1% from the stock's current price.
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Some companies that are related to ContextLogic include Vipshop (VIPS), Ozon (OZON), Dingdong (Cayman) (DDL), Stitch Fix (SFIX), Qurate Retail (QRTEA), Revolve Group (RVLV), D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi (HEPS), Insight Enterprises (NSIT), Overstock.com (OSTK), Poshmark (POSH), MYT Netherlands Parent B.V. (MYTE), ThredUp (TDUP), Jumia Technologies (JMIA), Baozun (BZUN) and Betterware de Mexico (BWMX).
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(WISH) raised $1.1 billion in an initial public offering (IPO) on Wednesday, December 16th 2020. The company issued 46,000,000 shares at a price of $22.00-$24.00 per share. Goldman Sachs & Co., J.P. Morgan and BofA Securities acted as the underwriters for the IPO and Citigroup, Deutsche Bank Securities, UBS Investment Bank, RBC Capital Markets and Credit Suisse were co-managers.

ContextLogic trades on the NASDAQ under the ticker symbol "WISH."

ContextLogic's lock-up period expired on Monday, June 14th. ContextLogic had issued 46,000,000 shares in its public offering on December 16th. The total size of the offering was $1,104,000,000 based on an initial share price of $24.00. Since the expiration of the company's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company have been lifted.

ContextLogic's stock is owned by a number of institutional and retail investors. Top institutional investors include Avory & Company LLC (0.26%), Cutler Group LP (0.00%), Ieq Capital LLC (0.06%), Windmill Hill Asset Management Ltd (0.06%), Arkadios Wealth Advisors (0.05%) and Crestone Asset Management LLC (0.03%). Company insiders that own ContextLogic stock include Brett Just, Cove Street Capital, Llc, Devang Shah, Dort A Cameron III, Harvey P Eisen, Pai Liu, Peiyen Chuang, Piotr Szulczewski and Rajat Bahri.
View institutional ownership trends for ContextLogic.

WISH stock was acquired by a variety of institutional investors in the last quarter, including Avory & Company LLC, Cutler Group LP, Ieq Capital LLC, Windmill Hill Asset Management Ltd, Arkadios Wealth Advisors, Crestone Asset Management LLC, Cypress Point Wealth Management LLC, and Alliancebernstein L.P.. Company insiders that have bought ContextLogic stock in the last two years include Dort A Cameron III, and Harvey P Eisen.
View insider buying and selling activity for ContextLogic or or view top insider-buying stocks.

Shares of WISH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WISH stock can currently be purchased for approximately $9.98.

ContextLogic has a market capitalization of $6.18 billion and generates $2.54 billion in revenue each year. The company earns $-745,000,000.00 in net income (profit) each year or ($5.87) on an earnings per share basis.

ContextLogic employs 875 workers across the globe.

The official website for ContextLogic is www.wish.com.

ContextLogic is headquartered at ONE SANSOME STREET 40TH FLOOR, SAN FRANCISCO CA, 94104.

ContextLogic's mailing address is ONE SANSOME STREET 40TH FLOOR, SAN FRANCISCO CA, 94104. The company can be reached via phone at 415 432 7323.