Wix.com Ltd. (NASDAQ:WIX) Lifted to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of Wix.com Ltd. (NASDAQ:WIX) from a sell rating to a hold rating in a research report released on Wednesday. They currently have $82.00 price target on the information services provider’s stock.
According to Zacks, “Wix.com Ltd. is a cloud-based web development platform. The Company’s platform offers solutions that enable businesses, organizations, professionals and individuals to develop customized websites and application platforms. Wix.com Ltd. is headquartered in Tel Aviv, Israel. “
Several other analysts also recently issued reports on the company. KeyCorp began coverage on Wix.com in a research note on Monday, July 24th. They set an overweight rating on the stock. BidaskClub downgraded Wix.com from a buy rating to a hold rating in a research note on Wednesday, July 5th. Wedbush began coverage on Wix.com in a research note on Thursday, June 22nd. They set an outperform rating and a $86.00 target price on the stock. CIBC lifted their target price on Wix.com from $70.00 to $88.00 and gave the company an outperform rating in a research note on Monday, May 15th. Finally, Oppenheimer Holdings, Inc. restated an outperform rating and set a $88.00 price target (up previously from $70.00) on shares of Wix.com in a report on Friday, May 12th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Wix.com has a consensus rating of Buy and a consensus target price of $71.79.
Wix.com (WIX) opened at 63.90 on Wednesday. The stock’s market cap is $2.90 billion. The stock’s 50 day moving average price is $72.11 and its 200 day moving average price is $68.31. Wix.com has a one year low of $35.11 and a one year high of $86.15.
Wix.com (NASDAQ:WIX) last issued its earnings results on Thursday, July 27th. The information services provider reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by $0.16. The company had revenue of $103.50 million during the quarter, compared to the consensus estimate of $101.93 million. The company’s revenue for the quarter was up 50.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.09) earnings per share. Equities analysts predict that Wix.com will post $0.37 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: “Wix.com Ltd. (NASDAQ:WIX) Lifted to Hold at Zacks Investment Research” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.watchlistnews.com/wix-com-ltd-nasdaqwix-lifted-to-hold-at-zacks-investment-research/1462333.html.
Several institutional investors have recently made changes to their positions in WIX. Westpac Banking Corp bought a new position in shares of Wix.com during the first quarter worth approximately $137,000. Eqis Capital Management Inc. bought a new position in shares of Wix.com during the second quarter worth approximately $207,000. First Mercantile Trust Co. bought a new position in shares of Wix.com during the first quarter worth approximately $220,000. Group One Trading L.P. bought a new position in shares of Wix.com during the first quarter worth approximately $228,000. Finally, Legal & General Group Plc boosted its position in shares of Wix.com by 500.0% in the first quarter. Legal & General Group Plc now owns 3,600 shares of the information services provider’s stock worth $245,000 after buying an additional 3,000 shares during the period. Hedge funds and other institutional investors own 77.44% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Wix.com Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wix.com Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.