Wix.com’s (WIX) Sector Perform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reissued their sector perform rating on shares of Wix.com Ltd. (NASDAQ:WIX) in a report issued on Wednesday morning, MarketBeat reports. Royal Bank Of Canada currently has a $78.00 price objective on the information services provider’s stock, down from their prior price objective of $80.00.

WIX has been the topic of several other reports. Zacks Investment Research raised Wix.com from a sell rating to a hold rating and set a $82.00 target price on the stock in a report on Wednesday, July 26th. BidaskClub upgraded Wix.com from a hold rating to a buy rating in a research report on Monday, October 2nd. SunTrust Banks, Inc. reiterated a buy rating and issued a $73.00 price target on shares of Wix.com in a research report on Monday, November 6th. KeyCorp set a $88.00 price target on Wix.com and gave the stock a buy rating in a research report on Wednesday, October 11th. Finally, Northland Securities reiterated a buy rating and issued a $75.00 price target on shares of Wix.com in a research report on Thursday, September 21st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. Wix.com has a consensus rating of Hold and an average price target of $77.79.

Shares of Wix.com (NASDAQ WIX) opened at $54.85 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.28. Wix.com has a twelve month low of $42.80 and a twelve month high of $86.15.

Several hedge funds and other institutional investors have recently made changes to their positions in WIX. BT Investment Management Ltd purchased a new stake in shares of Wix.com in the second quarter valued at approximately $141,000. Advisor Group Inc. boosted its holdings in shares of Wix.com by 196.5% in the second quarter. Advisor Group Inc. now owns 2,965 shares of the information services provider’s stock valued at $207,000 after purchasing an additional 1,965 shares during the period. Eqis Capital Management Inc. purchased a new stake in shares of Wix.com in the second quarter valued at approximately $207,000. Legal & General Group Plc boosted its holdings in shares of Wix.com by 500.0% in the first quarter. Legal & General Group Plc now owns 3,600 shares of the information services provider’s stock valued at $245,000 after purchasing an additional 3,000 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Wix.com by 3.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,380 shares of the information services provider’s stock valued at $374,000 after purchasing an additional 181 shares during the period. Hedge funds and other institutional investors own 75.41% of the company’s stock.

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Wix.com Company Profile

Wix.com Ltd. (Wix) is a Web development platform enabling businesses and organizations to take businesses, brands and workflow online. The Company provides solutions that business owners can use to operate various aspects of their business online, such as selling goods, taking reservations, and scheduling and confirming appointments.

Analyst Recommendations for Wix.com (NASDAQ:WIX)

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