ContextLogic - WISH Stock Forecast, Price & News

ContextLogic Inc. operates as a mobile ecommerce company in Europe, North America, South America, and internationally. The company operates Wish, an ecommerce platform that connects users to merchants. It also provides marketplace and logistics services to merchants. The company was incorporated in 2010 and is headquartered in San Francisco, California.

Analyst Upgrades and Downgrades

Separately, Credit Suisse Group lowered their price objective on ContextLogic from $7.60 to $7.20 and set an "outperform" rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $4.81.

ContextLogic Trading Up 1.8 %

NASDAQ:WISH traded up $0.03 on Friday, reaching $1.69. The stock had a trading volume of 10,957,447 shares, compared to its average volume of 10,339,990. The stock has a market cap of $1.12 billion, a P/E ratio of -4.12 and a beta of 0.29. The company has a 50-day moving average of $1.69 and a 200 day moving average of $1.91. ContextLogic has a 12-month low of $1.20 and a 12-month high of $7.86.

ContextLogic (NASDAQ:WISH - Get Rating) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.13) earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.03. The business had revenue of $134.00 million during the quarter, compared to the consensus estimate of $154.40 million. ContextLogic had a negative net margin of 27.75% and a negative return on equity of 23.48%. The company's revenue for the quarter was down 79.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.17) EPS. On average, equities analysts predict that ContextLogic will post -0.64 EPS for the current year.

Insider Buying and Selling at ContextLogic

In other ContextLogic news, General Counsel Devang Shah sold 332,241 shares of the firm's stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $1.67, for a total value of $554,842.47. Following the completion of the transaction, the general counsel now directly owns 208,016 shares in the company, valued at $347,386.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other ContextLogic news, General Counsel Devang Shah sold 332,241 shares of ContextLogic stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $1.67, for a total value of $554,842.47. Following the completion of the sale, the general counsel now directly owns 208,016 shares in the company, valued at $347,386.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tarun Kumar Jain sold 30,000 shares of the stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $1.53, for a total value of $45,900.00. Following the transaction, the insider now directly owns 251,694 shares in the company, valued at approximately $385,091.82. The disclosure for this sale can be found here. In the last three months, insiders sold 2,080,344 shares of company stock valued at $3,378,736. 40.83% of the stock is owned by insiders.