BidaskClub cut shares of Wix.Com (NASDAQ:WIX) from a hold rating to a sell rating in a research report sent to investors on Thursday, January 4th.

WIX has been the subject of a number of other reports. Northland Securities restated a buy rating and issued a $75.00 price target on shares of Wix.Com in a report on Thursday, September 21st. Oppenheimer reduced their price target on shares of Wix.Com from $88.00 to $70.00 and set an outperform rating for the company in a report on Thursday, November 9th. Wedbush cut shares of Wix.Com from an outperform rating to a neutral rating and reduced their price target for the stock from $86.00 to $65.00 in a report on Thursday, November 9th. KeyCorp set a $88.00 price target on shares of Wix.Com and gave the stock a buy rating in a report on Wednesday, October 11th. Finally, Royal Bank of Canada restated a sector perform rating and issued a $78.00 price target (down from $80.00) on shares of Wix.Com in a report on Wednesday, November 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $77.20.

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Shares of Wix.Com (NASDAQ:WIX) traded down $0.05 during midday trading on Thursday, reaching $62.35. 332,612 shares of the company were exchanged, compared to its average volume of 541,912. Wix.Com has a fifty-two week low of $50.90 and a fifty-two week high of $86.15. The company has a market capitalization of $2,830.00, a P/E ratio of -49.09 and a beta of 2.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.86 and a quick ratio of 0.86.

Wix.Com (NASDAQ:WIX) last announced its earnings results on Wednesday, November 8th. The information services provider reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.18). Wix.Com had a negative return on equity of 33,346.88% and a negative net margin of 14.27%. analysts anticipate that Wix.Com will post -1 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of WIX. Jackson Square Partners LLC grew its holdings in shares of Wix.Com by 890.0% during the third quarter. Jackson Square Partners LLC now owns 852,230 shares of the information services provider’s stock valued at $61,232,000 after buying an additional 766,144 shares during the last quarter. Bamco Inc. NY grew its holdings in shares of Wix.Com by 91.3% during the third quarter. Bamco Inc. NY now owns 1,500,095 shares of the information services provider’s stock valued at $107,782,000 after buying an additional 715,951 shares during the last quarter. Menora Mivtachim Holdings LTD. grew its holdings in shares of Wix.Com by 146.1% during the third quarter. Menora Mivtachim Holdings LTD. now owns 1,050,796 shares of the information services provider’s stock valued at $75,500,000 after buying an additional 623,876 shares during the last quarter. Light Street Capital Management LLC grew its holdings in shares of Wix.Com by 141.2% during the second quarter. Light Street Capital Management LLC now owns 1,025,000 shares of the information services provider’s stock valued at $71,340,000 after buying an additional 600,000 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Wix.Com by 23.7% during the second quarter. Renaissance Technologies LLC now owns 2,414,400 shares of the information services provider’s stock valued at $168,042,000 after buying an additional 462,700 shares during the last quarter. Hedge funds and other institutional investors own 79.13% of the company’s stock.

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Wix.Com Company Profile

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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