Wix.com Ltd. (NASDAQ:WIX)‘s stock had its “buy” rating reiterated by equities researchers at Northland Securities in a report issued on Thursday. They currently have a $75.00 price objective on the information services provider’s stock. Northland Securities’ target price indicates a potential upside of 8.38% from the company’s current price.

A number of other brokerages have also recently weighed in on WIX. BidaskClub cut shares of Wix.com from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Barclays PLC restated a “buy” rating and issued a $77.00 price objective on shares of Wix.com in a report on Wednesday, August 2nd. Zacks Investment Research cut shares of Wix.com from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Jefferies Group LLC initiated coverage on shares of Wix.com in a report on Thursday, August 24th. They issued a “buy” rating and a $74.00 price objective for the company. Finally, SunTrust Banks, Inc. initiated coverage on shares of Wix.com in a report on Tuesday, August 15th. They issued a “buy” rating and a $73.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $74.87.

Wix.com (WIX) traded down 0.58% during trading on Thursday, hitting $68.25. 263,534 shares of the stock were exchanged. The stock’s market cap is $3.10 billion. Wix.com has a 12 month low of $38.65 and a 12 month high of $86.15. The stock’s 50 day moving average price is $62.78 and its 200 day moving average price is $70.11.

Wix.com (NASDAQ:WIX) last announced its quarterly earnings data on Thursday, July 27th. The information services provider reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates 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. The business’s quarterly revenue was up 50.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.09) EPS. Analysts forecast that Wix.com will post $0.24 EPS for the current fiscal year.

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Several institutional investors have recently modified their holdings of the company. Legal & General Group Plc boosted its holdings in shares of Wix.com by 2.8% in the 2nd quarter. Legal & General Group Plc now owns 3,700 shares of the information services provider’s stock valued at $258,000 after buying an additional 100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Wix.com by 3.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,380 shares of the information services provider’s stock valued at $374,000 after buying an additional 181 shares in the last quarter. Precept Management LLC boosted its holdings in shares of Wix.com by 3.3% in the 2nd quarter. Precept Management LLC now owns 31,000 shares of the information services provider’s stock valued at $2,158,000 after buying an additional 1,000 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Wix.com by 18.5% in the 1st quarter. Oppenheimer & Co. Inc. now owns 6,419 shares of the information services provider’s stock valued at $421,000 after buying an additional 1,004 shares in the last quarter. Finally, Sanctuary Wealth Advisors LLC boosted its holdings in shares of Wix.com by 2.3% in the 1st quarter. Sanctuary Wealth Advisors LLC now owns 65,942 shares of the information services provider’s stock valued at $4,477,000 after buying an additional 1,466 shares in the last quarter. Institutional investors and hedge funds own 69.96% of the company’s stock.

About Wix.com

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.

Analyst Recommendations for Wix.com (NASDAQ:WIX)

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