Wix.Com (NASDAQ:WIX) PT Raised to $342.00
Wix.Com (NASDAQ:WIX) had its price objective upped by Deutsche Bank from $220.00 to $342.00 in a research report released on Monday, The Fly reports.
A number of other analysts have also weighed in on the company. SunTrust Banks raised their target price on Wix.Com from $215.00 to $290.00 and gave the company a buy rating in a research note on Monday, June 29th. Raymond James boosted their target price on shares of Wix.Com from $222.00 to $340.00 and gave the stock an outperform rating in a research note on Friday, August 7th. BidaskClub raised shares of Wix.Com from a hold rating to a buy rating in a research note on Wednesday, August 5th. Guggenheim raised their price target on shares of Wix.Com from $235.00 to $325.00 and gave the company a buy rating in a report on Wednesday, July 8th. Finally, Bank of America reaffirmed a buy rating and set a $250.00 price objective on shares of Wix.Com in a report on Thursday, June 4th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $297.94.
Shares of Wix.Com stock opened at $271.80 on Monday. Wix.Com has a fifty-two week low of $76.81 and a fifty-two week high of $319.34. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market cap of $13.89 billion, a PE ratio of -105.35 and a beta of 1.86. The firm has a fifty day moving average price of $277.32 and a two-hundred day moving average price of $183.92.
Several hedge funds have recently made changes to their positions in the company. Weaver Consulting Group acquired a new position in shares of Wix.Com in the 2nd quarter valued at $28,000. Shine Investment Advisory Services Inc. grew its stake in Wix.Com by 60.0% in the second quarter. Shine Investment Advisory Services Inc. now owns 112 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 42 shares during the period. Ellevest Inc. grew its stake in Wix.Com by 294.9% in the second quarter. Ellevest Inc. now owns 233 shares of the information services provider’s stock valued at $60,000 after acquiring an additional 174 shares during the period. Exchange Traded Concepts LLC bought a new stake in shares of Wix.Com in the second quarter worth about $65,000. Finally, Truewealth LLC acquired a new stake in shares of Wix.Com during the first quarter worth about $34,000. 90.94% of the stock is owned by 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.
Further Reading: Lock-Up Period Expiration
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