Wix.Com (NASDAQ:WIX) had its price target cut by analysts at JPMorgan Chase & Co. from $108.00 to $100.00 in a research note issued to investors on Wednesday. The firm presently has a “neutral” rating on the information services provider’s stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 5.27% from the stock’s previous close.

A number of other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Wix.Com from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. SunTrust Banks upped their price objective on shares of Wix.Com to $145.00 and gave the stock a “buy” rating in a research report on Thursday, September 27th. BidaskClub upgraded shares of Wix.Com from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 19th. ValuEngine downgraded shares of Wix.Com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 2nd. Finally, Wedbush reiterated an “outperform” rating and issued a $123.00 price objective on shares of Wix.Com in a research report on Thursday, September 13th. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Wix.Com currently has an average rating of “Buy” and an average target price of $104.24.

NASDAQ WIX opened at $94.99 on Wednesday. The firm has a market cap of $4.28 billion, a P/E ratio of -94.99 and a beta of 1.82. Wix.Com has a 1 year low of $50.90 and a 1 year high of $121.45. The company has a debt-to-equity ratio of 2.76, a current ratio of 2.00 and a quick ratio of 2.00.

Wix.Com (NASDAQ:WIX) last posted its earnings results on Tuesday, November 13th. The information services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.49. The company had revenue of $155.60 million during the quarter, compared to the consensus estimate of $152.78 million. Wix.Com had a negative net margin of 6.80% and a negative return on equity of 54.94%. The firm’s quarterly revenue was up 40.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 earnings per share. On average, equities analysts predict that Wix.Com will post -0.57 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of WIX. Envestnet Asset Management Inc. purchased a new stake in shares of Wix.Com during the second quarter worth about $104,000. Advisory Services Network LLC purchased a new stake in shares of Wix.Com during the second quarter worth about $115,000. Fortis Advisors LLC purchased a new stake in shares of Wix.Com during the second quarter worth about $150,000. Tower Research Capital LLC TRC increased its stake in shares of Wix.Com by 90.6% during the third quarter. Tower Research Capital LLC TRC now owns 1,262 shares of the information services provider’s stock worth $151,000 after purchasing an additional 600 shares in the last quarter. Finally, Global X Management Co LLC purchased a new stake in shares of Wix.Com during the second quarter worth about $181,000. Institutional investors and hedge funds own 88.35% 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.

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Analyst Recommendations for Wix.Com (NASDAQ:WIX)

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