ContextLogic (WISH) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ContextLogic in the last twelve months. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" WISH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WISH, but not buy additional shares or sell existing shares.
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2 Wall Street research analysts have issued twelve-month price objectives for ContextLogic's shares. Their WISH share price forecasts range from $9.00 to $9.00. On average, they predict the company's share price to reach $9.00 in the next year. This suggests a possible upside of 28.9% from the stock's current price.
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ContextLogic's stock was trading at $14.6310 at the start of the year. Since then, WISH shares have decreased by 52.3% and is now trading at $6.98.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
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ContextLogic Inc. (NASDAQ:WISH) issued its earnings results on Thursday, May, 4th. The company reported ($3.83) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.91) by $0.08. The business had revenue of $96 million for the quarter, compared to analysts' expectations of $106.79 million. ContextLogic had a negative trailing twelve-month return on equity of 72.85% and a negative net margin of 86.40%.

ProShares Long Online/Short Stores ETF holds 59,458 shares of WISH stock, representing 2.45% of its portfolio.

Shares of ContextLogic reverse split on Wednesday, April 12th 2023. The 1-30 reverse split was announced on Wednesday, April 12th 2023. The number of shares owned by shareholders was adjusted after the market closes on Wednesday, April 12th 2023. An investor that had 100 shares of stock prior to the reverse split would have 3 shares after the split.

ContextLogic issued an update on its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $91.00 million-$102.00 million, compared to the consensus revenue estimate of $127.33 million.

(WISH) raised $1.1 billion in an IPO on Wednesday, December 16th 2020. The company issued 46,000,000 shares at $22.00-$24.00 per share. Goldman Sachs & Co., J.P. Morgan and BofA Securities served 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 stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (182.22%), State Street Corp (48.95%), Geode Capital Management LLC (46.52%), Renaissance Technologies LLC (43.76%), ProShare Advisors LLC (24.21%) and ProShare Advisors LLC (23.78%). Insiders that own company stock include Brett Just, Devang Shah, Hamid Reza Kassaei, Hans Tung, Jacqueline D Reses, Jennifer Oliver, Pai Liu, Peiyen Chuang, Piotr Szulczewski, Rajat Bahri, Shuyan (Rachel) Wang, Stephanie Tilenius, Tarun Kumar Jain, Vijay Talwar and Ying Vivian Liu.
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Shares of WISH stock 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 $6.98.

ContextLogic (NASDAQ:WISH) has a market capitalization of $164.45 million and generates $571 million in revenue each year. The company earns $-384,000,000.00 in net income (profit) each year or ($17.9441) on an earnings per share basis.

The company employs 1,218 workers across the globe.

ContextLogic's mailing address is ONE SANSOME STREET 40TH FLOOR, SAN FRANCISCO CA, 94104. The official website for the company is www.wish.com. The company can be reached via phone at 415-432-7323 or via email at ir@wish.com.