Wix.Com (WIX) Rating Increased to Strong-Buy at BidaskClub
BidaskClub upgraded shares of Wix.Com (NASDAQ:WIX) from a buy rating to a strong-buy rating in a research report sent to investors on Friday morning.
A number of other equities analysts also recently commented on WIX. Citigroup raised their target price on shares of Wix.Com from $69.00 to $78.00 and gave the company a neutral rating in a research note on Wednesday, February 21st. Oppenheimer raised their target price on shares of Wix.Com from $70.00 to $82.00 and gave the company an outperform rating in a research note on Friday, February 16th. SunTrust Banks reissued a buy rating and issued a $71.00 target price on shares of Wix.Com in a research note on Tuesday, February 13th. Wedbush raised their target price on shares of Wix.Com from $65.00 to $75.00 and gave the company a neutral rating in a research note on Thursday, February 15th. Finally, Barclays reaffirmed an overweight rating and set a $80.00 price target on shares of Wix.Com in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $80.60.
Wix.Com (NASDAQ WIX) opened at $76.80 on Friday. Wix.Com has a one year low of $50.90 and a one year high of $86.15. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.11.
Institutional investors have recently added to or reduced their stakes in the stock. ARK Investment Management LLC purchased a new stake in Wix.Com during the 4th quarter worth $215,000. Parametrica Management Ltd bought a new stake in shares of Wix.Com in the 4th quarter worth about $246,000. Koch Industries Inc. bought a new stake in shares of Wix.Com in the 4th quarter worth about $343,000. SG Americas Securities LLC increased its position in shares of Wix.Com by 14.8% in the 4th quarter. SG Americas Securities LLC now owns 6,661 shares of the information services provider’s stock worth $383,000 after purchasing an additional 859 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Wix.Com by 51.4% in the 3rd quarter. Legal & General Group Plc now owns 5,600 shares of the information services provider’s stock worth $402,000 after purchasing an additional 1,900 shares during the last quarter. 81.85% of the stock is currently 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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