Wix.Com Ltd (WIX) Receives $107.36 Average Target Price from Analysts

Shares of Wix.Com Ltd (NASDAQ:WIX) have earned an average recommendation of “Buy” from the twenty analysts that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $107.36.

A number of research analysts have recently issued reports on WIX shares. BidaskClub lowered Wix.Com from a “strong-buy” rating to a “buy” rating in a report on Thursday. ValuEngine lowered Wix.Com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 2nd. SunTrust Banks boosted their target price on Wix.Com to $145.00 and gave the company a “buy” rating in a report on Thursday, September 27th. Zacks Investment Research lowered Wix.Com from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. Finally, Wedbush reissued an “outperform” rating and issued a $123.00 target price on shares of Wix.Com in a report on Thursday, September 13th.

Several large investors have recently added to or reduced their stakes in WIX. Northern Trust Corp grew its holdings in Wix.Com by 3.0% during the first quarter. Northern Trust Corp now owns 104,497 shares of the information services provider’s stock worth $8,313,000 after acquiring an additional 2,995 shares during the period. BlackRock Inc. grew its holdings in Wix.Com by 41.5% during the first quarter. BlackRock Inc. now owns 1,133,280 shares of the information services provider’s stock worth $90,151,000 after acquiring an additional 332,574 shares during the period. Stifel Financial Corp acquired a new position in Wix.Com during the first quarter worth $322,000. FIL Ltd acquired a new position in Wix.Com during the first quarter worth $6,605,000. Finally, UBS Group AG grew its holdings in Wix.Com by 1,091.3% during the first quarter. UBS Group AG now owns 14,320 shares of the information services provider’s stock worth $1,139,000 after acquiring an additional 13,118 shares during the period. 88.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ WIX opened at $97.51 on Wednesday. The company has a debt-to-equity ratio of 2.76, a current ratio of 2.00 and a quick ratio of 2.00. Wix.Com has a twelve month low of $50.90 and a twelve month high of $121.45. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of -97.51 and a beta of 1.67.

Wix.Com (NASDAQ:WIX) last issued its quarterly earnings data on Wednesday, July 25th. The information services provider reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.49. Wix.Com had a negative return on equity of 104.11% and a negative net margin of 9.07%. The company had revenue of $146.10 million during the quarter, compared to analysts’ expectations of $144.76 million. The company’s quarterly revenue was up 40.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Wix.Com will post -0.57 earnings per share for the current year.

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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