ContextLogic Stock Price, News & Analysis (NASDAQ:WISH)

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ContextLogic in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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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3 Wall Street research analysts have issued twelve-month target prices for ContextLogic's shares. Their WISH share price targets range from $9.00 to $9.00. On average, they anticipate the company's stock price to reach $9.00 in the next year. This suggests a possible upside of 65.1% from the stock's current price.
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ContextLogic's stock was trading at $14.6310 on January 1st, 2023. Since then, WISH stock has decreased by 62.8% and is now trading at $5.45.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
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ContextLogic Inc. (NASDAQ:WISH) announced its quarterly earnings results on Wednesday, May, 12th. The company reported ($6.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($5.40) by $0.90. The company earned $772 million during the quarter, compared to the consensus estimate of $743.77 million. ContextLogic had a negative trailing twelve-month return on equity of 95.93% and a negative net margin of 102.86%. The business's revenue for the quarter was up 75.5% compared to the same quarter last year. During the same period last year, the company earned ($18.60) EPS.
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ContextLogic shares reverse split on the morning of 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 closing bell 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.

(WISH) raised $1.1 billion in an initial public offering 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 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's stock is owned by many different retail and institutional investors. Top institutional shareholders include Cannell Capital LLC (3.67%), Charles Schwab Investment Management Inc. (2.35%), FMR LLC (1.91%), Simplex Trading LLC (0.00%), Federated Hermes Inc. (0.80%) and Bank of New York Mellon Corp (0.35%). 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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