Wix.com Ltd. (WIX) Given Average Rating of “Hold” by Brokerages
Shares of Wix.com Ltd. (NASDAQ:WIX) have been given a consensus recommendation of “Hold” by the seventeen research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $76.58.
Several equities research analysts have weighed in on the company. BidaskClub raised Wix.com from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. SunTrust Banks reissued a “buy” rating and issued a $73.00 price target on shares of Wix.com in a report on Monday, November 6th. KeyCorp set a $88.00 price target on Wix.com and gave the stock a “buy” rating in a report on Wednesday, October 11th. Northland Securities reissued a “buy” rating and issued a $75.00 price target on shares of Wix.com in a report on Thursday, September 21st. Finally, Zacks Investment Research raised Wix.com from a “sell” rating to a “hold” rating in a report on Thursday, September 28th.
Several institutional investors have recently added to or reduced their stakes in WIX. Edmond DE Rothschild Holding S.A. acquired a new position in Wix.com in the second quarter valued at approximately $626,000. Bank Hapoalim BM acquired a new position in Wix.com in the third quarter valued at approximately $1,064,000. Marshall Wace North America L.P. acquired a new position in Wix.com in the second quarter valued at approximately $4,684,000. Capital Fund Management S.A. lifted its holdings in Wix.com by 1,443.8% in the second quarter. Capital Fund Management S.A. now owns 80,276 shares of the information services provider’s stock valued at $5,587,000 after acquiring an additional 75,076 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Wix.com by 1.4% in the second quarter. Victory Capital Management Inc. now owns 632,990 shares of the information services provider’s stock valued at $44,056,000 after acquiring an additional 8,550 shares during the period. 79.23% of the stock is owned by hedge funds and other institutional investors.
Shares of Wix.com (NASDAQ WIX) opened at $57.55 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.86 and a quick ratio of 0.86. Wix.com has a twelve month low of $42.80 and a twelve month high of $86.15.
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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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