Rosenblatt Securities restated their sell rating on shares of Wix.Com (NASDAQ:WIX) in a report published on Wednesday, TipRanks reports. Rosenblatt Securities currently has a $93.00 price target on the information services provider’s stock.

Other equities research analysts have also issued research reports about the stock. Barclays decreased their price target on shares of Wix.Com from $150.00 to $145.00 and set an overweight rating for the company in a research note on Friday, November 15th. ValuEngine lowered shares of Wix.Com from a strong-buy rating to a buy rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. decreased their price target on shares of Wix.Com from $152.00 to $149.00 and set a neutral rating for the company in a research note on Friday, November 15th. Wedbush decreased their price target on shares of Wix.Com from $180.00 to $165.00 and set an outperform rating for the company in a research note on Friday, November 15th. Finally, SunTrust Banks restated a buy rating and set a $168.00 price target on shares of Wix.Com in a research note on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $142.64.

Shares of WIX stock traded down $5.14 during trading hours on Wednesday, hitting $120.71. 880,400 shares of the company were exchanged, compared to its average volume of 603,566. The firm has a fifty day simple moving average of $124.05 and a 200 day simple moving average of $135.83. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.78. Wix.Com has a 52-week low of $80.20 and a 52-week high of $155.75. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of -274.34 and a beta of 1.51.

Wix.Com (NASDAQ:WIX) last issued its quarterly earnings results on Thursday, November 14th. The information services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.34) by $0.75. Wix.Com had a negative net margin of 9.80% and a negative return on equity of 24.02%. The company had revenue of $196.79 million during the quarter, compared to analyst estimates of $197.70 million. During the same quarter last year, the business posted $0.39 EPS. Wix.Com’s quarterly revenue was up 26.5% compared to the same quarter last year. Sell-side analysts anticipate that Wix.Com will post -1.22 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors bought a new position in Wix.Com in the 2nd quarter valued at $28,000. Coastal Investment Advisors Inc. bought a new position in Wix.Com in the 3rd quarter valued at $32,000. Dupont Capital Management Corp bought a new position in Wix.Com in the 3rd quarter valued at $47,000. Flinton Capital Management LLC boosted its holdings in Wix.Com by 29.4% in the 2nd quarter. Flinton Capital Management LLC now owns 352 shares of the information services provider’s stock valued at $50,000 after purchasing an additional 80 shares during the period. Finally, Riverhead Capital Management LLC boosted its holdings in Wix.Com by 75.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 350 shares of the information services provider’s stock valued at $50,000 after purchasing an additional 150 shares during the period. 82.82% of the stock is owned by institutional investors.

Wix.Com Company Profile

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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