Wix.com Ltd. (WIX) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of Wix.com Ltd. (NASDAQ:WIX) from a hold rating to a sell rating in a report issued on Friday.

Several other equities analysts have also issued reports on WIX. Zacks Investment Research lowered shares of Wix.com from a hold rating to a sell rating in a report on Thursday, July 13th. KeyCorp initiated coverage on shares of Wix.com in a report on Sunday, July 23rd. They issued an overweight rating and a $88.00 price target for the company. Royal Bank Of Canada reissued a hold rating on shares of Wix.com in a report on Friday, July 28th. Barclays PLC reissued a buy rating and issued a $77.00 price target on shares of Wix.com in a report on Wednesday, August 2nd. Finally, SunTrust Banks, Inc. initiated coverage on shares of Wix.com in a report on Tuesday, August 15th. They issued a buy rating and a $73.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of C$77.93.

Wix.com (NASDAQ WIX) opened at C$55.65 on Friday. Wix.com has a fifty-two week low of C$42.80 and a fifty-two week high of C$86.15. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

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Large investors have recently modified their holdings of the business. BT Investment Management Ltd bought a new stake in Wix.com during the 2nd quarter worth about $141,000. Advisor Group Inc. lifted its position in Wix.com by 196.5% during the 2nd quarter. Advisor Group Inc. now owns 2,965 shares of the company’s stock worth $207,000 after buying an additional 1,965 shares in the last quarter. Eqis Capital Management Inc. bought a new stake in Wix.com during the 2nd quarter worth about $207,000. Legal & General Group Plc lifted its position in Wix.com by 500.0% during the 1st quarter. Legal & General Group Plc now owns 3,600 shares of the company’s stock worth $245,000 after buying an additional 3,000 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Wix.com by 3.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,380 shares of the company’s stock worth $374,000 after buying an additional 181 shares in the last quarter. 72.61% of the stock is currently owned by hedge funds and other institutional investors.

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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