Northland Securities restated their buy rating on shares of Wix.com (NASDAQ:WIX) in a research note issued to investors on Wednesday morning. Northland Securities currently has a $95.00 price objective on the information services provider’s stock.
Several other brokerages have also commented on WIX. Zacks Investment Research lowered Wix.com from a hold rating to a sell rating in a report on Friday, January 26th. Citigroup lifted their price objective on Wix.com from $69.00 to $78.00 and gave the stock a neutral rating in a report on Wednesday, February 21st. BidaskClub raised Wix.com from a buy rating to a strong-buy rating in a report on Friday, March 2nd. KeyCorp set a $103.00 price objective on Wix.com and gave the stock a buy rating in a report on Sunday, March 25th. Finally, UBS raised Wix.com from an outperform rating to a strong-buy rating in a report on Thursday, January 4th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $84.93.
Shares of WIX opened at $85.00 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.88 and a quick ratio of 0.88. Wix.com has a one year low of $50.90 and a one year high of $89.95. The firm has a market capitalization of $4,191.82, a P/E ratio of -85.00 and a beta of 1.73.
Institutional investors have recently made changes to their positions in the company. ARK Investment Management LLC purchased a new position in shares of Wix.com in the fourth quarter valued at about $215,000. Parametrica Management Ltd purchased a new position in shares of Wix.com in the fourth quarter valued at about $246,000. Legal & General Group Plc lifted its position in shares of Wix.com by 51.4% in the third quarter. Legal & General Group Plc now owns 5,600 shares of the information services provider’s stock valued at $402,000 after acquiring an additional 1,900 shares in the last quarter. Koch Industries Inc. purchased a new position in shares of Wix.com in the fourth quarter valued at about $343,000. Finally, SG Americas Securities LLC lifted its position in shares of Wix.com by 14.8% in the fourth quarter. SG Americas Securities LLC now owns 6,661 shares of the information services provider’s stock worth $383,000 after buying an additional 859 shares in the last quarter. Institutional investors and hedge funds own 79.83% of the company’s stock.
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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