Shares of Wix.Com Ltd (NASDAQ:WIX) have been given a consensus rating of “Buy” by the twenty analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, twelve have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $121.26.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Wix.Com from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine raised shares of Wix.Com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 18th. Rosenblatt Securities reaffirmed a “sell” rating and set a $73.00 price target on shares of Wix.Com in a research note on Friday, May 17th. SunTrust Banks raised their price target on shares of Wix.Com to $154.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Oppenheimer raised their price target on shares of Wix.Com from $122.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, May 17th.

Shares of WIX stock traded down $3.04 during trading hours on Thursday, hitting $133.45. 4,450 shares of the company’s stock traded hands, compared to its average volume of 824,875. The company has a market capitalization of $6.77 billion, a P/E ratio of -301.95 and a beta of 1.70. Wix.Com has a 12 month low of $80.20 and a 12 month high of $143.82. The company has a debt-to-equity ratio of 2.17, a quick ratio of 2.01 and a current ratio of 2.01.

Wix.Com (NASDAQ:WIX) last released its quarterly earnings results on Thursday, May 16th. The information services provider reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.27) by $0.30. The firm had revenue of $174.29 million during the quarter, compared to the consensus estimate of $172.98 million. Wix.Com had a negative net margin of 7.51% and a negative return on equity of 19.47%. The company’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.06) earnings per share. As a group, sell-side analysts forecast that Wix.Com will post -1.34 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of WIX. Lombard Odier Asset Management USA Corp acquired a new position in shares of Wix.Com during the first quarter valued at about $207,000. FMR LLC grew its holdings 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 buying an additional 671,358 shares during the last quarter. Aristeia Capital LLC grew its holdings in shares of Wix.Com by 19.4% during the first quarter. Aristeia Capital LLC now owns 80,800 shares of the information services provider’s stock valued at $9,763,000 after buying an additional 13,100 shares during the last quarter. ADI Capital Management LLC acquired a new position in shares of Wix.Com during the first quarter valued at about $362,000. Finally, Sylebra HK Co Ltd grew its holdings in shares of Wix.Com by 75.9% during the first quarter. Sylebra HK Co Ltd now owns 1,161,506 shares of the information services provider’s stock valued at $140,345,000 after buying an additional 501,300 shares during the last quarter. Institutional investors own 86.50% 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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