Wix.Com Ltd (NASDAQ:WIX) has been assigned an average recommendation of “Buy” from the twenty-one ratings firms that are covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $100.81.

Several analysts have commented on WIX shares. MED boosted their price target on shares of Wix.Com to $100.00 and gave the stock a “buy” rating in a research note on Monday, June 4th. SunTrust Banks boosted their price target on shares of Wix.Com to $120.00 and gave the stock a “buy” rating in a research note on Thursday, July 26th. Barclays reiterated a “buy” rating and issued a $87.00 price target on shares of Wix.Com in a research note on Friday, May 11th. KeyCorp boosted their price target on shares of Wix.Com from $103.00 to $133.00 and gave the stock an “overweight” rating in a research note on Thursday, July 26th. Finally, BidaskClub cut shares of Wix.Com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 31st.

Shares of WIX stock opened at $105.30 on Tuesday. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of -105.30 and a beta of 1.63. Wix.Com has a 52 week low of $50.90 and a 52 week high of $112.40. The company has a debt-to-equity ratio of 2.76, a quick ratio of 2.00 and a current ratio of 2.00.

Wix.Com (NASDAQ:WIX) last announced its quarterly earnings results on Wednesday, July 25th. The information services provider reported $0.29 EPS for the quarter, topping the consensus estimate of ($0.20) by $0.49. The business had revenue of $146.10 million for the quarter, compared to analysts’ expectations of $144.76 million. Wix.Com had a negative net margin of 9.07% and a negative return on equity of 104.11%. The business’s revenue was up 40.6% on a year-over-year basis. equities analysts expect that Wix.Com will post -0.57 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mainstay Capital Management LLC ADV grew its holdings in Wix.Com by 3,305.7% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 137,761 shares of the information services provider’s stock valued at $1,632,000 after purchasing an additional 133,716 shares during the last quarter. Davidson Kempner Capital Management LP bought a new position in Wix.Com during the 2nd quarter valued at about $2,538,000. Global X Management Co LLC bought a new position in Wix.Com during the 2nd quarter valued at about $181,000. Advisors Asset Management Inc. grew its holdings in Wix.Com by 333.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 58,815 shares of the information services provider’s stock valued at $1,321,000 after purchasing an additional 45,231 shares during the last quarter. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in Wix.Com during the 2nd quarter valued at about $1,996,000. Hedge funds and other institutional investors own 88.61% of the company’s stock.

About Wix.Com

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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