Wix.Com (WIX) Given New $113.00 Price Target at Oppenheimer
Wix.Com (NASDAQ:WIX) had its price target cut by Oppenheimer from $125.00 to $113.00 in a report released on Wednesday, The Fly reports. They currently have an outperform rating on the information services provider’s stock.
WIX has been the subject of a number of other reports. BidaskClub lowered Wix.Com from a strong-buy rating to a buy rating in a research report on Tuesday. Zacks Investment Research lowered Wix.Com from a buy rating to a hold rating in a research report on Tuesday, September 18th. SunTrust Banks upped their price target on Wix.Com to $120.00 and gave the company a buy rating in a research report on Thursday, July 26th. ValuEngine lowered Wix.Com from a strong-buy rating to a buy rating in a research report on Tuesday, October 2nd. Finally, Wedbush restated an outperform rating and issued a $123.00 price target on shares of Wix.Com in a research report on Thursday, September 13th. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $104.24.
Shares of WIX stock traded up $5.00 during trading hours on Wednesday, reaching $94.35. The company had a trading volume of 52,300 shares, compared to its average volume of 641,735. The company has a debt-to-equity ratio of 2.76, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a market capitalization of $4.15 billion, a PE ratio of -94.55 and a beta of 1.82. Wix.Com has a 12-month low of $50.90 and a 12-month high of $121.45.
Institutional investors have recently modified their holdings of the stock. Symmetry Peak Management LLC lifted its stake in Wix.Com by 270.0% during the third quarter. Symmetry Peak Management LLC now owns 18,500 shares of the information services provider’s stock worth $2,214,000 after purchasing an additional 13,500 shares in the last quarter. Sylebra HK Co Ltd acquired a new position in Wix.Com during the third quarter worth $29,969,000. Caxton Associates LP acquired a new position in Wix.Com during the third quarter worth $240,000. Vident Investment Advisory LLC acquired a new position in Wix.Com during the third quarter worth $667,000. Finally, SQN Investors LP lifted its stake in Wix.Com by 3.5% during the third quarter. SQN Investors LP now owns 621,209 shares of the information services provider’s stock worth $74,359,000 after purchasing an additional 21,275 shares in the last quarter. Institutional investors own 88.35% of the company’s stock.
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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