Wix.Com (NASDAQ:WIX) Lifted to “Strong-Buy” at BidaskClub
Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada reissued a buy rating on shares of Wix.Com in a report on Wednesday. Citigroup raised Wix.Com from a sell rating to a neutral rating and set a $102.00 price target for the company in a report on Tuesday, March 17th. Wedbush lowered their price target on Wix.Com from $165.00 to $105.00 and set an outperform rating for the company in a report on Thursday, March 19th. Bank of America raised their price target on Wix.Com from $160.00 to $175.00 and gave the stock a buy rating in a report on Wednesday, February 19th. Finally, Barclays reissued a buy rating and issued a $120.00 price target on shares of Wix.Com in a report on Sunday, March 22nd. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $189.56.
Shares of Wix.Com stock traded up $12.19 during trading on Thursday, hitting $201.78. 2,854,555 shares of the stock traded hands, compared to its average volume of 868,644. The firm has a market cap of $8.26 billion, a P/E ratio of -118.00 and a beta of 1.67. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.73. Wix.Com has a 52-week low of $76.81 and a 52-week high of $204.72. The stock’s fifty day simple moving average is $125.81 and its 200 day simple moving average is $127.85.
Institutional investors and hedge funds have recently modified their holdings of the stock. Valeo Financial Advisors LLC increased its position in shares of Wix.Com by 43.6% during the fourth quarter. Valeo Financial Advisors LLC now owns 247 shares of the information services provider’s stock worth $30,000 after purchasing an additional 75 shares in the last quarter. Allred Capital Management LLC purchased a new stake in shares of Wix.Com during the fourth quarter worth approximately $30,000. DekaBank Deutsche Girozentrale increased its position in shares of Wix.Com by 62.6% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 330 shares of the information services provider’s stock worth $40,000 after purchasing an additional 127 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Wix.Com by 652.3% during the fourth quarter. Acadian Asset Management LLC now owns 331 shares of the information services provider’s stock worth $41,000 after purchasing an additional 287 shares in the last quarter. Finally, Truewealth LLC purchased a new stake in shares of Wix.Com during the first quarter worth approximately $34,000. Hedge funds and other institutional investors own 89.13% 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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