Wix.Com (NASDAQ:WIX) was upgraded by investment analysts at Raymond James Financial from a “market perform” rating to a “strong-buy” rating in a note issued to investors on Thursday, January 4th, MarketBeat reports. The brokerage presently has a $74.00 target price on the information services provider’s stock. Raymond James Financial’s price target points to a potential upside of 18.68% from the company’s previous close.

Several other equities analysts have also recently weighed in on WIX. Zacks Investment Research upgraded shares of Wix.Com from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. BidaskClub cut shares of Wix.Com from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Northland Securities reiterated a “buy” rating and issued a $75.00 price objective on shares of Wix.Com in a research note on Thursday, September 21st. KeyCorp set a $88.00 price objective on shares of Wix.Com and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Finally, Oppenheimer lowered their price objective on shares of Wix.Com from $88.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $77.20.

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Shares of Wix.Com (WIX) traded down $0.05 during trading hours on Thursday, hitting $62.35. 332,612 shares of the stock traded hands, compared to its average volume of 541,912. Wix.Com has a 52-week low of $50.90 and a 52-week high of $86.15. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.28. The company has a market cap of $2,830.00, a PE ratio of -49.09 and a beta of 2.25.

Wix.Com (NASDAQ:WIX) last issued its quarterly earnings data on Wednesday, November 8th. The information services provider reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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%. equities analysts forecast that Wix.Com will post -1 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BT Investment Management Ltd bought a new stake in shares of Wix.Com during the second quarter valued at approximately $141,000. Advisor Group Inc. raised its position in shares of Wix.Com by 196.5% during the second quarter. Advisor Group Inc. now owns 2,965 shares of the information services provider’s stock valued at $207,000 after buying an additional 1,965 shares during the last quarter. Legal & General Group Plc raised its position in shares of Wix.Com by 2.8% during the second 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Wix.Com by 3.5% during the second 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 during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Wix.Com by 14.8% during the fourth quarter. SG Americas Securities LLC now owns 6,661 shares of the information services provider’s stock valued at $383,000 after buying an additional 859 shares during the last quarter. Institutional investors own 79.13% of the company’s stock.

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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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