Wix.com Ltd. (WIX) PT Set at $88.00 by KeyCorp

Wix.com Ltd. (NASDAQ:WIX) received a $88.00 target price from analysts at KeyCorp in a research report issued on Wednesday. The firm currently has a “buy” rating on the information services provider’s stock. KeyCorp’s target price indicates a potential upside of 26.62% from the stock’s previous close.

A number of other equities analysts have also issued reports on the stock. BidaskClub upgraded shares of Wix.com from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of Wix.com from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Northland Securities reiterated a “buy” rating and set a $75.00 target price on shares of Wix.com in a research report on Thursday, September 21st. Jefferies Group LLC assumed coverage on shares of Wix.com in a research report on Thursday, August 24th. They set a “buy” rating and a $74.00 target price on the stock. Finally, SunTrust Banks, Inc. assumed coverage on shares of Wix.com in a research report on Tuesday, August 15th. They set a “buy” rating and a $73.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $74.87.

Shares of Wix.com (WIX) opened at 69.50 on Wednesday. The stock’s 50 day moving average price is $67.43 and its 200-day moving average price is $70.40. Wix.com has a 12-month low of $38.65 and a 12-month high of $86.15. The company’s market cap is $3.15 billion.

Wix.com (NASDAQ:WIX) last announced its earnings results on Thursday, July 27th. The information services provider reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.16). The firm had revenue of $103.50 million for the quarter, compared to the consensus estimate of $101.93 million. During the same quarter last year, the firm earned ($0.09) EPS. The company’s quarterly revenue was up 50.7% compared to the same quarter last year. On average, equities research analysts forecast that Wix.com will post $0.23 earnings per share for the current year.

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A number of large investors have recently modified their holdings of WIX. Westpac Banking Corp bought a new stake in Wix.com in the first quarter valued at approximately $137,000. BT Investment Management Ltd bought a new stake in Wix.com in the second quarter valued at approximately $141,000. Eqis Capital Management Inc. bought a new stake in Wix.com in the second quarter valued at approximately $207,000. Advisor Group Inc. increased its stake in 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 in the last quarter. Finally, Legal & General Group Plc increased its stake in 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 in the last quarter. 69.96% of the stock is owned by hedge funds and other institutional investors.

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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