Northland Securities began coverage on shares of Wix.Com (NASDAQ:WIX) in a research note released on Friday morning, Stock Target Advisor reports. The brokerage issued a buy rating and a $160.00 target price on the information services provider’s stock.
Other equities research analysts have also recently issued reports about the company. Rosenblatt Securities reiterated a sell rating and issued a $93.00 price target on shares of Wix.Com in a research note on Thursday, November 14th. Barclays cut their price target on Wix.Com from $170.00 to $150.00 and set an overweight rating for the company in a research note on Thursday, October 24th. Deutsche Bank boosted their price target on Wix.Com from $135.00 to $172.00 and gave the company a buy rating in a research note on Thursday, July 25th. Zacks Investment Research upgraded Wix.Com from a strong sell rating to a hold rating and set a $122.00 price target for the company in a research note on Saturday, July 20th. Finally, SunTrust Banks reiterated a buy rating and issued a $168.00 price target on shares of Wix.Com in a research note on Friday, September 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. Wix.Com presently has an average rating of Hold and a consensus target price of $142.64.
NASDAQ WIX traded up $0.55 during trading on Friday, reaching $127.18. 4,937 shares of the company’s stock were exchanged, compared to its average volume of 555,410. The business has a 50 day moving average price of $123.61 and a 200-day moving average price of $135.91. The stock has a market capitalization of $6.50 billion, a P/E ratio of -288.48 and a beta of 1.51. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.95 and a quick ratio of 1.95. Wix.Com has a fifty-two week low of $80.20 and a fifty-two week high of $155.75.
Wix.Com (NASDAQ:WIX) last issued its quarterly earnings data on Thursday, November 14th. The information services provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.75. Wix.Com had a negative return on equity of 24.02% and a negative net margin of 9.80%. The company had revenue of $196.79 million during the quarter, compared to analysts’ expectations of $197.70 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The business’s revenue was up 26.5% on a year-over-year basis. On average, analysts forecast that Wix.Com will post -1.22 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Wix.Com by 3.9% during the second quarter. BlackRock Inc. now owns 2,242,926 shares of the information services provider’s stock valued at $318,720,000 after acquiring an additional 84,294 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Wix.Com by 80.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,474,817 shares of the information services provider’s stock valued at $172,169,000 after acquiring an additional 659,367 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Wix.Com by 4.4% during the second quarter. JPMorgan Chase & Co. now owns 699,042 shares of the information services provider’s stock valued at $98,529,000 after acquiring an additional 29,308 shares during the last quarter. Janus Henderson Group PLC boosted its position in Wix.Com by 7.1% during the second quarter. Janus Henderson Group PLC now owns 679,235 shares of the information services provider’s stock valued at $96,519,000 after acquiring an additional 44,927 shares during the last quarter. Finally, Soroban Capital Partners LP bought a new stake in Wix.Com during the second quarter valued at $79,923,000. Institutional investors and hedge funds own 82.82% of the company’s stock.
Wix.Com Company Profile
Wix.com Ltd. develops and markets an Internet service that allows users to create Web content in Latin America, Europe, North America, Asia, and internationally. It offers Web development, design, and management solutions and apps through an online platform that enables its user base of businesses, organizations, professionals, and individuals to create a digital presence.
See Also: Book Value Per Share – BVPS
Receive News & Ratings for Wix.Com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wix.Com and related companies with MarketBeat.com's FREE daily email newsletter.