Wix.com Ltd. (WIX) Given a $88.00 Price Target by KeyCorp Analysts
Wix.com Ltd. (NASDAQ:WIX) has been given a $88.00 price target by research analysts at KeyCorp in a research report issued on Wednesday. The brokerage presently has a “buy” rating on the information services provider’s stock. KeyCorp’s target price would indicate a potential upside of 26.71% from the stock’s current price.
Several other equities research analysts have also commented on the stock. BidaskClub upgraded shares of Wix.com from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of Wix.com from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Northland Securities reiterated a “buy” rating and set a $75.00 price objective on shares of Wix.com in a research note on Thursday, September 21st. Jefferies Group LLC began coverage on shares of Wix.com in a research note on Thursday, August 24th. They set a “buy” rating and a $74.00 price objective on the stock. Finally, SunTrust Banks, Inc. began coverage on shares of Wix.com in a research note on Tuesday, August 15th. They set a “buy” rating and a $73.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Wix.com has an average rating of “Buy” and a consensus price target of $74.87.
Wix.com (NASDAQ:WIX) traded up 0.9837% during trading on Wednesday, reaching $70.1332. The company’s stock had a trading volume of 454,485 shares. The firm has a 50 day moving average of $67.18 and a 200 day moving average of $70.41. The stock’s market capitalization is $3.18 billion. Wix.com has a 52 week low of $38.65 and a 52 week high of $86.15.
Wix.com (NASDAQ:WIX) last announced its quarterly earnings results on Thursday, July 27th. The information services provider reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.16). The business had revenue of $103.50 million for the quarter, compared to the consensus estimate of $101.93 million. During the same quarter in the prior year, the firm earned ($0.09) EPS. The company’s revenue for the quarter was up 50.7% compared to the same quarter last year. Analysts expect that Wix.com will post $0.23 EPS for the current year.
Institutional investors have recently bought and sold shares of the business. Westpac Banking Corp acquired a new position in Wix.com in the first quarter worth approximately $137,000. BT Investment Management Ltd acquired a new position in Wix.com in the second quarter worth approximately $141,000. Advisor Group Inc. grew its position in Wix.com by 196.5% in the second quarter. Advisor Group Inc. now owns 2,965 shares of the information services provider’s stock worth $207,000 after buying an additional 1,965 shares during the last quarter. Eqis Capital Management Inc. acquired a new position in Wix.com in the second quarter worth approximately $207,000. Finally, Legal & General Group Plc grew its position in 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 last quarter. Hedge funds and other institutional investors own 69.96% of the company’s stock.
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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