Wix.com Ltd. (WIX) Raised to “Hold” at BidaskClub
Wix.com Ltd. (NASDAQ:WIX) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Thursday.
WIX has been the subject of a number of other reports. Zacks Investment Research downgraded Wix.com from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. Barclays PLC reiterated a “buy” rating and set a $77.00 price objective on shares of Wix.com in a report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $88.00 price objective (up from $70.00) on shares of Wix.com in a report on Friday, May 12th. CIBC increased their price objective on Wix.com from $70.00 to $88.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Finally, Jefferies Group LLC began coverage on Wix.com in a report on Thursday, August 24th. They set a “buy” rating and a $74.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $71.81.
Wix.com (WIX) opened at 64.05 on Thursday. The stock’s market capitalization is $2.91 billion. Wix.com has a one year low of $38.65 and a one year high of $86.15. The stock’s 50 day moving average is $65.77 and its 200 day moving average is $69.25.
Wix.com (NASDAQ:WIX) last announced its quarterly 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 business had revenue of $103.50 million during the quarter, compared to the consensus estimate of $101.93 million. During the same period in the prior year, the business earned ($0.09) EPS. Wix.com’s quarterly revenue was up 50.7% on a year-over-year basis. On average, equities analysts forecast that Wix.com will post $0.24 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Group AG boosted its stake in Wix.com by 916.7% in the first quarter. UBS Group AG now owns 22,439 shares of the information services provider’s stock worth $1,523,000 after buying an additional 20,232 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Wix.com by 47.0% in the first quarter. Goldman Sachs Group Inc. now owns 100,816 shares of the information services provider’s stock worth $6,846,000 after buying an additional 32,230 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Wix.com by 22.7% in the first quarter. Renaissance Technologies LLC now owns 1,951,700 shares of the information services provider’s stock worth $132,520,000 after buying an additional 361,400 shares during the last quarter. Driehaus Capital Management LLC boosted its stake in Wix.com by 393.4% in the first quarter. Driehaus Capital Management LLC now owns 31,458 shares of the information services provider’s stock worth $2,136,000 after buying an additional 25,082 shares during the last quarter. Finally, Group One Trading L.P. acquired a new stake in Wix.com during the first quarter worth about $228,000. 70.03% of the stock is owned by hedge funds and other institutional investors.
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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