Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Wix.com (WIX) Share Price
News stories about Wix.com (NASDAQ:WIX) have trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Wix.com earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned media coverage about the information services provider an impact score of 45.3044952573336 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- ‘Deadpool’ Director Tim Miller to Adapt ‘Neuromancer’ for Fox (top10mobilespecs.com)
- Wix.com Ltd. (NASDAQ:WIX) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Why Wix.com Ltd. Stock Slipped 11% Last Month (finance.yahoo.com)
- Market Watch: Wix.Com Ltd (WIX) Shares Update – Evergreen Caller (evergreencaller.com)
- Wix Stock: Engulfing Pattern Could Signal Rebound (finance.yahoo.com)
Shares of Wix.com (NASDAQ WIX) traded up 1.41% during trading on Friday, reaching $57.70. The company’s stock had a trading volume of 520,119 shares. Wix.com has a 52-week low of $37.31 and a 52-week high of $86.15. The stock’s market cap is $2.62 billion. The stock’s 50 day moving average price is $68.84 and its 200-day moving average price is $68.78.
Wix.com (NASDAQ:WIX) last issued its quarterly earnings data on Thursday, July 27th. The information services provider reported ($0.26) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.16. The firm had revenue of $103.50 million during the quarter, compared to analysts’ expectations of $101.93 million. The business’s revenue was up 50.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.09) EPS. Equities analysts anticipate that Wix.com will post $0.25 EPS for the current year.
A number of equities analysts recently commented on the company. KeyCorp assumed coverage on Wix.com in a research note on Sunday, July 23rd. They issued an “overweight” rating and a $88.00 price objective on the stock. Royal Bank Of Canada lifted their price objective on Wix.com from $30.00 to $31.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 11th. Bank of America Corporation lifted their price objective on Wix.com from $70.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, May 12th. BidaskClub lowered Wix.com from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Zacks Investment Research lowered Wix.com from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. Wix.com presently has an average rating of “Hold” and a consensus target price of $71.59.
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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.
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