KeyCorp Analysts Give Wix.com Ltd. (WIX) a $88.00 Price Target
Several other analysts also recently weighed in on the stock. Bank of America Corporation lifted their target price on shares of Wix.com from $70.00 to $97.00 and gave the company a buy rating in a report on Friday, May 12th. Zacks Investment Research downgraded shares of Wix.com from a hold rating to a sell rating in a research note on Tuesday, May 9th. Stephens downgraded shares of Wix.com from an overweight rating to an equal weight rating in a research note on Thursday, April 27th. Royal Bank Of Canada boosted their price target on shares of Wix.com from $30.00 to $31.00 and gave the stock a sector perform rating in a research note on Thursday, May 11th. Finally, Wedbush assumed coverage on shares of Wix.com in a research note on Thursday, June 22nd. They issued an outperform rating and a $86.00 price target for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $71.68.
Wix.com (WIX) opened at 60.65 on Monday. The stock has a 50 day moving average price of $66.28 and a 200-day moving average price of $69.25. Wix.com has a 1-year low of $38.65 and a 1-year high of $86.15. The stock’s market cap is $2.75 billion.
Wix.com (NASDAQ:WIX) last posted its earnings results on Thursday, July 27th. The information services provider reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.16. The company had revenue of $103.50 million for the quarter, compared to analysts’ expectations of $101.93 million. During the same period in the previous year, the business earned ($0.09) EPS. The business’s revenue was up 50.7% compared to the same quarter last year. On average, equities analysts expect that Wix.com will post $0.25 EPS for the current year.
Several large investors have recently added to or reduced their stakes in WIX. UBS Group AG boosted its stake in Wix.com by 916.7% in the first quarter. UBS Group AG now owns 22,439 shares of the information services provider’s stock valued at $1,523,000 after buying an additional 20,232 shares during the period. Goldman Sachs Group Inc. boosted its stake in Wix.com by 47.0% in the first quarter. Goldman Sachs Group Inc. now owns 100,816 shares of the information services provider’s stock valued at $6,846,000 after buying an additional 32,230 shares during the period. Renaissance Technologies LLC boosted its stake in 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 valued at $132,520,000 after buying an additional 361,400 shares during the period. Driehaus Capital Management LLC boosted its stake in Wix.com by 393.4% in the first quarter. Driehaus Capital Management LLC now owns 31,458 shares of the information services provider’s stock valued at $2,136,000 after buying an additional 25,082 shares during the period. Finally, Group One Trading L.P. purchased a new stake in Wix.com during the first quarter valued at about $228,000. 79.12% of the stock is owned by institutional investors and hedge funds.
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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