Wix.com Ltd. (NASDAQ:WIX) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Wix.com Ltd. (NASDAQ:WIX) have earned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $189.19.

WIX has been the topic of several research reports. KeyCorp began coverage on Wix.com in a report on Thursday, July 25th. They set a “sector weight” rating on the stock. Citigroup upped their price target on shares of Wix.com from $175.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Jefferies Financial Group lifted their price target on shares of Wix.com from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, May 20th. StockNews.com raised Wix.com from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Finally, UBS Group upped their price target on Wix.com from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, August 8th.

Wix.com Price Performance

Shares of WIX opened at $156.40 on Thursday. The firm has a 50 day simple moving average of $160.79 and a two-hundred day simple moving average of $149.02. Wix.com has a one year low of $76.90 and a one year high of $178.65. The company has a market cap of $8.57 billion, a P/E ratio of 137.60, a P/E/G ratio of 3.46 and a beta of 1.47.

Wix.com (NASDAQ:WIX) last released its quarterly earnings data on Wednesday, August 7th. The information services provider reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.35. The business had revenue of $435.70 million for the quarter, compared to analyst estimates of $442.88 million. Wix.com had a negative return on equity of 49.05% and a net margin of 4.44%. Wix.com’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $0.58 earnings per share. On average, analysts expect that Wix.com will post 2.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Wix.com

Institutional investors have recently modified their holdings of the company. Northwest Bank & Trust Co acquired a new stake in shares of Wix.com in the 4th quarter worth about $26,000. Fidelis Capital Partners LLC bought a new position in shares of Wix.com in the first quarter valued at approximately $37,000. Industrial Alliance Investment Management Inc. boosted its position in shares of Wix.com by 246.5% during the first quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock valued at $94,000 after buying an additional 488 shares during the last quarter. Principal Securities Inc. bought a new stake in Wix.com during the fourth quarter worth $93,000. Finally, Toronto Dominion Bank raised its position in Wix.com by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock valued at $124,000 after buying an additional 124 shares during the last quarter. 81.52% of the stock is owned by institutional investors and hedge funds.

About Wix.com

Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.