Wix.Com Ltd (WIX) Receives $107.36 Average PT from Analysts

Wix.Com Ltd (NASDAQ:WIX) has received a consensus rating of “Buy” from the twenty brokerages that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $107.36.

Several equities research analysts have recently weighed in on WIX shares. Zacks Investment Research raised Wix.Com from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research report on Tuesday, July 31st. BidaskClub downgraded Wix.Com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 31st. SunTrust Banks upped their target price on Wix.Com to $120.00 and gave the stock a “buy” rating in a research report on Thursday, July 26th. ValuEngine downgraded Wix.Com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 2nd. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $110.00 target price on shares of Wix.Com in a research report on Thursday, July 26th.

Shares of NASDAQ WIX traded down $5.45 on Friday, hitting $95.99. The company had a trading volume of 20,983 shares, compared to its average volume of 654,665. Wix.Com has a 12-month low of $50.90 and a 12-month 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. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of -96.01 and a beta of 1.82.

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in Wix.Com by 18.8% during the 2nd quarter. BlackRock Inc. now owns 1,346,901 shares of the information services provider’s stock worth $135,094,000 after buying an additional 213,621 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Wix.Com by 32.0% during the 2nd quarter. Victory Capital Management Inc. now owns 1,193,410 shares of the information services provider’s stock worth $119,698,000 after purchasing an additional 289,190 shares during the period. Grandeur Peak Global Advisors LLC raised its position in shares of Wix.Com by 2.0% during the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 389,402 shares of the information services provider’s stock worth $39,057,000 after purchasing an additional 7,500 shares during the period. Acadian Asset Management LLC raised its position in shares of Wix.Com by 67.6% during the 3rd quarter. Acadian Asset Management LLC now owns 363,569 shares of the information services provider’s stock worth $43,521,000 after purchasing an additional 146,674 shares during the period. Finally, Rice Hall James & Associates LLC raised its position in shares of Wix.Com by 23.7% during the 3rd quarter. Rice Hall James & Associates LLC now owns 280,085 shares of the information services provider’s stock worth $33,526,000 after purchasing an additional 53,620 shares during the period. 88.15% of the stock is owned by hedge funds and other institutional investors.

About Wix.Com

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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