Wix.Com (WIX) Stock Rating Upgraded by BidaskClub

Wix.Com (NASDAQ:WIX) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Monday.

Other research analysts have also recently issued research reports about the stock. SunTrust Banks restated a “buy” rating and set a $73.00 target price on shares of Wix.Com in a report on Monday, November 6th. KeyCorp restated an “overweight” rating on shares of Wix.Com in a report on Wednesday, November 8th. Royal Bank of Canada restated a “hold” rating and set a $80.00 target price on shares of Wix.Com in a report on Wednesday, November 8th. Raymond James Financial upgraded shares of Wix.Com from a “market perform” rating to a “strong-buy” rating and set a $74.00 target price for the company in a report on Thursday, January 4th. Finally, Zacks Investment Research upgraded shares of Wix.Com from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $77.20.

Shares of Wix.Com (NASDAQ:WIX) traded down $1.45 during mid-day trading on Monday, hitting $60.00. 822,685 shares of the stock traded hands, compared to its average volume of 502,250. 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 52 week low of $50.90 and a 52 week high of $86.15. The company has a market capitalization of $2,730.00, a P/E ratio of -47.24 and a beta of 2.15.

Wix.Com (NASDAQ:WIX) last issued its quarterly earnings data on Wednesday, November 8th. The information services provider reported ($0.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.18). Wix.Com had a negative return on equity of 33,346.88% and a negative net margin of 14.27%. The company had revenue of $111.03 million for the quarter, compared to the consensus estimate of $109.89 million. sell-side analysts predict that Wix.Com will post -1 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bamco Inc. NY lifted its stake in Wix.Com by 91.3% in the third quarter. Bamco Inc. NY now owns 1,500,095 shares of the information services provider’s stock valued at $107,782,000 after acquiring an additional 715,951 shares during the last quarter. Menora Mivtachim Holdings LTD. lifted its stake in Wix.Com by 146.1% in the third quarter. Menora Mivtachim Holdings LTD. now owns 1,050,796 shares of the information services provider’s stock valued at $75,500,000 after acquiring an additional 623,876 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Wix.Com by 2.2% in the fourth quarter. Victory Capital Management Inc. now owns 948,740 shares of the information services provider’s stock valued at $54,600,000 after acquiring an additional 20,510 shares during the last quarter. Jackson Square Partners LLC lifted its stake in Wix.Com by 890.0% in the third quarter. Jackson Square Partners LLC now owns 852,230 shares of the information services provider’s stock valued at $61,232,000 after acquiring an additional 766,144 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Wix.Com by 7.9% in the third quarter. Principal Financial Group Inc. now owns 683,144 shares of the information services provider’s stock valued at $49,084,000 after acquiring an additional 49,981 shares during the last quarter. Institutional investors and hedge funds own 79.06% of the company’s stock.

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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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