Brokerages Set Wix.Com Ltd (NASDAQ:WIX) Target Price at $142.62

Shares of Wix.Com Ltd (NASDAQ:WIX) have been given a consensus rating of “Hold” by the seventeen research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $142.62.

A number of brokerages have commented on WIX. Royal Bank of Canada reduced their target price on shares of Wix.Com from $166.00 to $161.00 and set an “outperform” rating for the company in a report on Friday, November 15th. Guggenheim decreased their target price on Wix.Com from $170.00 to $150.00 in a research report on Friday, November 15th. BidaskClub raised Wix.Com from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 30th. Rosenblatt Securities restated a “sell” rating and set a $93.00 price target on shares of Wix.Com in a report on Wednesday, November 20th. Finally, Deutsche Bank reduced their price objective on Wix.Com from $172.00 to $140.00 and set an “average” rating on the stock in a research note on Monday, November 18th.

WIX traded up $0.58 during midday trading on Monday, hitting $120.13. 2,037 shares of the company traded hands, compared to its average volume of 709,354. The company’s 50-day moving average is $123.49 and its 200 day moving average is $133.88. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $5.92 billion, a PE ratio of -272.56 and a beta of 1.43. Wix.Com has a 52 week low of $80.20 and a 52 week high of $155.75.

Wix.Com (NASDAQ:WIX) last released its quarterly earnings data on Thursday, November 14th. The information services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.75. Wix.Com had a negative net margin of 9.80% and a negative return on equity of 24.02%. The firm had revenue of $196.79 million during the quarter, compared to analysts’ expectations of $197.70 million. During the same period in the previous year, the company earned $0.39 earnings per share. The firm’s quarterly revenue was up 26.5% on a year-over-year basis. On average, sell-side analysts predict that Wix.Com will post -1.04 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Wix.Com by 3.9% during the 2nd quarter. BlackRock Inc. now owns 2,242,926 shares of the information services provider’s stock valued at $318,720,000 after purchasing an additional 84,294 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Wix.Com by 80.9% in 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 during the period. Sylebra Capital Ltd raised its position in shares of Wix.Com by 5.0% in the 3rd quarter. Sylebra Capital Ltd now owns 820,136 shares of the information services provider’s stock worth $95,743,000 after acquiring an additional 39,048 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Wix.Com by 4.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 699,042 shares of the information services provider’s stock worth $98,529,000 after purchasing an additional 29,308 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Wix.Com by 7.1% during the 2nd quarter. Janus Henderson Group PLC now owns 679,235 shares of the information services provider’s stock worth $96,519,000 after purchasing an additional 44,927 shares during the last quarter. Institutional investors own 84.97% of the company’s stock.

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.

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Analyst Recommendations for Wix.Com (NASDAQ:WIX)

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