Wix.com Ltd. (WIX) Upgraded at BidaskClub
BidaskClub upgraded shares of Wix.com Ltd. (NASDAQ:WIX) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning.
A number of other equities analysts have also weighed in on WIX. Wedbush started coverage on shares of Wix.com in a research report on Thursday, June 22nd. They set an outperform rating and a $86.00 price target on the stock. Zacks Investment Research lowered shares of Wix.com from a hold rating to a sell rating in a research report on Thursday, July 13th. KeyCorp started coverage on shares of Wix.com in a research report on Sunday, July 23rd. They set an overweight rating and a $88.00 price target on the stock. Royal Bank Of Canada restated a hold rating on shares of Wix.com in a research report on Friday, July 28th. Finally, Barclays PLC restated a buy rating and set a $77.00 price target on shares of Wix.com in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $74.87.
Shares of Wix.com (NASDAQ WIX) opened at 68.40 on Wednesday. The stock’s market capitalization is $3.10 billion. Wix.com has a 12 month low of $38.65 and a 12 month high of $86.15. The stock’s 50 day moving average is $62.78 and its 200 day moving average is $70.11.
Wix.com (NASDAQ:WIX) last posted its quarterly earnings results on Thursday, July 27th. The information services provider reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.16). The company had revenue of $103.50 million for the quarter, compared to analysts’ expectations of $101.93 million. The company’s revenue was up 50.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.09) EPS. Analysts anticipate that Wix.com will post $0.24 earnings per share for the current fiscal year.
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A number of hedge funds have recently modified their holdings of WIX. Westpac Banking Corp purchased a new position in Wix.com during the first quarter worth about $137,000. BT Investment Management Ltd purchased a new stake in shares of Wix.com in the 2nd quarter valued at approximately $141,000. Eqis Capital Management Inc. purchased a new stake in shares of Wix.com in the 2nd quarter valued at approximately $207,000. Advisor Group Inc. raised its stake in shares of Wix.com by 196.5% in the 2nd quarter. Advisor Group Inc. now owns 2,965 shares of the information services provider’s stock valued at $207,000 after acquiring an additional 1,965 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Wix.com by 500.0% in the 1st quarter. Legal & General Group Plc now owns 3,600 shares of the information services provider’s stock valued at $245,000 after acquiring an additional 3,000 shares during the period. 69.96% of the stock is currently owned by institutional investors.
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.
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