Wix.com (NASDAQ:WIX - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Friday.
A number of other equities analysts have also commented on the company. Barclays lifted their price objective on Wix.com from $147.00 to $160.00 and gave the stock an "overweight" rating in a research note on Thursday, February 22nd. B. Riley lifted their price objective on Wix.com from $120.00 to $141.00 and gave the stock an "overweight" rating in a research note on Thursday, February 22nd. Benchmark lifted their target price on Wix.com from $132.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 22nd. Needham & Company LLC reissued a "buy" rating and set a $150.00 target price on shares of Wix.com in a research report on Wednesday, February 21st. Finally, Royal Bank of Canada lifted their target price on Wix.com from $135.00 to $160.00 and gave the stock an "outperform" rating in a research report on Thursday, February 22nd. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, Wix.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $139.53.
View Our Latest Stock Report on Wix.com
Wix.com Trading Up 0.4 %
NASDAQ WIX traded up $0.57 during trading on Friday, hitting $135.30. 288,224 shares of the company traded hands, compared to its average volume of 573,659. Wix.com has a 12 month low of $73.39 and a 12 month high of $146.21. The business has a fifty day simple moving average of $134.85 and a 200 day simple moving average of $113.46. The company has a market capitalization of $7.53 billion, a P/E ratio of 246.00, a PEG ratio of 4.71 and a beta of 1.33.
Wix.com (NASDAQ:WIX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The information services provider reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.24. The business had revenue of $403.80 million for the quarter, compared to analyst estimates of $416.87 million. Wix.com had a negative return on equity of 40.56% and a net margin of 2.12%. The firm's revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.42) earnings per share. Equities research analysts predict that Wix.com will post 1.16 EPS for the current fiscal year.
Institutional Investors Weigh In On Wix.com
A number of institutional investors have recently added to or reduced their stakes in WIX. The Manufacturers Life Insurance Company boosted its holdings in shares of Wix.com by 0.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 20,949 shares of the information services provider's stock worth $2,577,000 after acquiring an additional 100 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Wix.com by 5.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,486 shares of the information services provider's stock worth $226,000 after acquiring an additional 129 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Wix.com by 21.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 763 shares of the information services provider's stock worth $56,000 after acquiring an additional 136 shares in the last quarter. First Republic Investment Management Inc. boosted its holdings in shares of Wix.com by 2.7% in the 2nd quarter. First Republic Investment Management Inc. now owns 6,310 shares of the information services provider's stock worth $414,000 after acquiring an additional 167 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings in shares of Wix.com by 1.0% in the 4th quarter. Public Sector Pension Investment Board now owns 19,402 shares of the information services provider's stock worth $2,387,000 after acquiring an additional 200 shares in the last quarter. 81.52% of the stock is owned by institutional investors and hedge funds.
About Wix.com
(
Get Free Report)
Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; Wix ADI that enables users to have the freedom of customization that the classic editor offers.
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