Wix.Com (NASDAQ:WIX) PT Lowered to $161.00 at Royal Bank of Canada

Wix.Com (NASDAQ:WIX) had its target price decreased by Royal Bank of Canada from $166.00 to $161.00 in a report released on Friday, The Fly reports. Royal Bank of Canada currently has an outperform rating on the information services provider’s stock.

Several other brokerages have also commented on WIX. JPMorgan Chase & Co. decreased their target price on Wix.Com from $152.00 to $149.00 and set a neutral rating for the company in a research report on Friday. Northland Securities assumed coverage on Wix.Com in a research report on Friday. They issued a buy rating and a $160.00 target price for the company. Zacks Investment Research upgraded Wix.Com from a strong sell rating to a hold rating and set a $122.00 target price for the company in a research report on Saturday, July 20th. ValuEngine downgraded Wix.Com from a strong-buy rating to a buy rating in a report on Wednesday, October 2nd. Finally, Deutsche Bank raised their price target on Wix.Com from $135.00 to $172.00 and gave the stock a buy rating in a report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. Wix.Com currently has an average rating of Hold and a consensus target price of $142.64.

Shares of NASDAQ WIX opened at $126.63 on Friday. Wix.Com has a fifty-two week low of $80.20 and a fifty-two week high of $155.75. The business has a 50 day moving average price of $123.61 and a two-hundred day moving average price of $135.91. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 2.02. The firm has a market cap of $6.24 billion, a PE ratio of -287.80 and a beta of 1.51.

Wix.Com (NASDAQ:WIX) last issued its quarterly earnings data on Thursday, November 14th. The information services provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.75. The firm had revenue of $196.79 million during the quarter, compared to analyst estimates of $197.70 million. Wix.Com had a negative return on equity of 25.42% and a negative net margin of 9.80%. Wix.Com’s quarterly revenue was up 26.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS. On average, analysts anticipate that Wix.Com will post -1.22 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in WIX. Massachusetts Financial Services Co. MA raised its stake in Wix.Com by 80.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,474,817 shares of the information services provider’s stock valued at $172,169,000 after acquiring an additional 659,367 shares in the last quarter. Soroban Capital Partners LP bought a new stake in Wix.Com during the 2nd quarter valued at $79,923,000. Allianz Asset Management GmbH bought a new stake in Wix.Com during the 2nd quarter valued at $37,539,000. Coatue Management LLC bought a new stake in Wix.Com during the 2nd quarter valued at $25,280,000. Finally, Nuveen Asset Management LLC raised its stake in Wix.Com by 347.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 130,116 shares of the information services provider’s stock valued at $18,490,000 after acquiring an additional 101,060 shares in the last quarter. 82.82% of the stock is currently owned by hedge funds and other institutional investors.

Wix.Com Company Profile

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.

Recommended Story: 52-Week High/Low Prices For Stock Selection

The Fly

Analyst Recommendations for Wix.Com (NASDAQ:WIX)

Receive News & Ratings for Wix.Com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wix.Com and related companies with MarketBeat.com's FREE daily email newsletter.