Barclays restated their buy rating on shares of Wix.Com (NASDAQ:WIX) in a research note released on Sunday morning, AnalystRatings.com reports. Barclays currently has a $120.00 price objective on the information services provider’s stock.

WIX has been the topic of several other research reports. Royal Bank of Canada cut their target price on Wix.Com from $161.00 to $159.00 and set an outperform rating on the stock in a research note on Friday, February 21st. Needham & Company LLC started coverage on Wix.Com in a research note on Monday, February 24th. They set a buy rating and a $165.00 target price on the stock. Deutsche Bank lifted their target price on Wix.Com from $140.00 to $170.00 and gave the company a buy rating in a research note on Thursday, February 20th. Wedbush cut their target price on Wix.Com from $165.00 to $105.00 and set an outperform rating on the stock in a research note on Thursday, March 19th. Finally, Bank of America lifted their target price on Wix.Com from $160.00 to $175.00 and gave the company a buy rating in a research note on Wednesday, February 19th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $141.47.

Shares of NASDAQ WIX opened at $107.10 on Friday. The company has a market cap of $4.85 billion, a price-to-earnings ratio of -62.63 and a beta of 1.45. Wix.Com has a 12-month low of $76.81 and a 12-month high of $156.40. The company has a current ratio of 1.72, a quick ratio of 1.95 and a debt-to-equity ratio of 1.73. The stock’s 50 day simple moving average is $129.89 and its 200 day simple moving average is $127.12.

Wix.Com (NASDAQ:WIX) last announced its quarterly earnings results on Thursday, February 20th. The information services provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.66. The business had revenue of $204.60 million for the quarter, compared to the consensus estimate of $205.63 million. Wix.Com had a negative return on equity of 27.21% and a negative net margin of 11.35%. The business’s revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. As a group, equities analysts forecast that Wix.Com will post -1.22 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Baillie Gifford & Co. increased its position in shares of Wix.Com by 61.0% during the 4th quarter. Baillie Gifford & Co. now owns 3,940,059 shares of the information services provider’s stock valued at $482,184,000 after purchasing an additional 1,492,253 shares during the period. Principal Financial Group Inc. increased its position in shares of Wix.Com by 4.1% during the 4th quarter. Principal Financial Group Inc. now owns 2,588,995 shares of the information services provider’s stock valued at $316,842,000 after purchasing an additional 101,798 shares during the period. Jackson Square Partners LLC increased its position in shares of Wix.Com by 19.6% during the 4th quarter. Jackson Square Partners LLC now owns 1,772,954 shares of the information services provider’s stock valued at $216,974,000 after purchasing an additional 290,804 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Wix.Com by 14.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,681,104 shares of the information services provider’s stock valued at $205,734,000 after purchasing an additional 206,287 shares during the period. Finally, Altshuler Shaham Ltd increased its position in shares of Wix.Com by 44.5% during the 4th quarter. Altshuler Shaham Ltd now owns 948,169 shares of the information services provider’s stock valued at $116,037,000 after purchasing an additional 291,833 shares during the period. Institutional investors own 89.13% of the company’s stock.

About Wix.Com

Wix.com Ltd. develops and markets an Internet service that allows users to create Web content in Latin America, Europe, North America, Asia, and internationally. It offers Web development, design, and management solutions and apps through an online platform that enables its user base of businesses, organizations, professionals, and individuals to create a digital presence.

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Analyst Recommendations for Wix.Com (NASDAQ:WIX)

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