Wix.Com (NASDAQ:WIX) Sets New 12-Month High at $155.75

Wix.Com Ltd (NASDAQ:WIX) shares hit a new 52-week high during trading on Thursday . The company traded as high as $155.75 and last traded at $152.48, with a volume of 391748 shares trading hands. The stock had previously closed at $148.52.

WIX has been the subject of several recent research reports. Rosenblatt Securities reissued a “sell” rating and issued a $73.00 price target on shares of Wix.Com in a research report on Friday, May 17th. Wedbush increased their price target on shares of Wix.Com from $152.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Oppenheimer increased their price target on shares of Wix.Com from $122.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Northland Securities reissued a “buy” rating and issued a $160.00 price target on shares of Wix.Com in a research report on Wednesday, July 24th. Finally, Deutsche Bank increased their price target on shares of Wix.Com from $135.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $135.06.

The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $7.41 billion, a PE ratio of -337.70 and a beta of 1.48. The business has a 50-day moving average price of $144.99.

Wix.Com (NASDAQ:WIX) last posted its quarterly earnings data on Wednesday, July 24th. The information services provider reported ($0.21) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.38) by $0.17. The company had revenue of $185.40 million during the quarter, compared to analyst estimates of $183.92 million. Wix.Com had a negative net margin of 8.70% and a negative return on equity of 21.60%. The company’s revenue was up 26.9% on a year-over-year basis. During the same quarter last year, the business posted $0.29 earnings per share. Equities research analysts predict that Wix.Com Ltd will post -1.31 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of WIX. Jackson Square Partners LLC increased its holdings in shares of Wix.Com by 78.3% during the first quarter. Jackson Square Partners LLC now owns 1,629,418 shares of the information services provider’s stock worth $196,882,000 after buying an additional 715,411 shares in the last quarter. FMR LLC grew its stake in shares of Wix.Com by 18.1% during the first quarter. FMR LLC now owns 4,382,658 shares of the information services provider’s stock valued at $529,556,000 after purchasing an additional 671,358 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Wix.Com by 23,791.1% during the first quarter. Janus Henderson Group PLC now owns 634,308 shares of the information services provider’s stock valued at $76,644,000 after purchasing an additional 631,653 shares during the last quarter. Norges Bank bought a new stake in shares of Wix.Com during the fourth quarter valued at approximately $32,979,000. Finally, SQN Investors LP grew its stake in shares of Wix.Com by 35.9% during the first quarter. SQN Investors LP now owns 881,005 shares of the information services provider’s stock valued at $106,452,000 after purchasing an additional 232,506 shares during the last quarter. 85.80% of the stock is owned by institutional investors.

About Wix.Com (NASDAQ:WIX)

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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