Barclays PLC Reiterates Buy Rating for Wix.com Ltd. (NASDAQ:WIX)
Barclays PLC restated their buy rating on shares of Wix.com Ltd. (NASDAQ:WIX) in a research report report published on Wednesday. The firm currently has a $77.00 price target on the information services provider’s stock.
A number of other equities analysts also recently commented on WIX. Zacks Investment Research raised Wix.com from a sell rating to a hold rating and set a $82.00 price objective for the company in a research report on Wednesday, July 26th. Royal Bank Of Canada reissued a hold rating on shares of Wix.com in a research report on Friday, July 28th. KeyCorp assumed coverage on Wix.com in a research report on Monday, July 24th. They set an overweight rating for the company. BidaskClub downgraded Wix.com from a buy rating to a hold rating in a research report on Tuesday, June 13th. Finally, CIBC boosted their price objective on Wix.com from $70.00 to $88.00 and gave the stock an outperform rating in a research report on Monday, May 15th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Wix.com has an average rating of Buy and a consensus price target of $71.59.
Shares of Wix.com (NASDAQ:WIX) traded up 1.78% on Wednesday, reaching $62.75. 810,305 shares of the company’s stock traded hands. Wix.com has a 52 week low of $35.11 and a 52 week high of $86.15. The firm’s market capitalization is $2.85 billion. The firm’s 50 day moving average is $71.54 and its 200 day moving average is $68.75.
Wix.com (NASDAQ:WIX) last announced its quarterly earnings data on Thursday, July 27th. The information services provider reported ($0.26) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.16. The firm had revenue of $103.50 million during the quarter, compared to analyst estimates of $101.93 million. During the same period in the previous year, the company posted ($0.09) earnings per share. The business’s quarterly revenue was up 50.7% on a year-over-year basis. Analysts expect that Wix.com will post $0.26 earnings per share for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in WIX. Alliancebernstein L.P. acquired a new position in shares of Wix.com during the first quarter worth about $69,929,000. William Blair Investment Management LLC acquired a new position in shares of Wix.com during the first quarter worth about $36,362,000. Menora Mivtachim Holdings LTD. acquired a new position in shares of Wix.com during the second quarter worth about $29,714,000. Renaissance Technologies LLC increased its position in shares of 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 period. Finally, EMS Capital LP acquired a new position in shares of Wix.com during the first quarter worth about $18,333,000. 76.83% of the stock is owned by hedge funds and other institutional investors.
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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