Wix.Com (NASDAQ:WIX) Given a $93.00 Price Target at Rosenblatt Securities

Rosenblatt Securities set a $93.00 price target on Wix.Com (NASDAQ:WIX) in a report released on Wednesday, TipRanks reports. The brokerage currently has a sell rating on the information services provider’s stock.

Several other equities analysts have also recently issued reports on WIX. KeyCorp started coverage on shares of Wix.Com in a research note on Monday, April 29th. They issued a sector weight rating on the stock. Oppenheimer upped their price target on shares of Wix.Com from $122.00 to $140.00 and gave the stock an outperform rating in a research note on Friday, May 17th. Zacks Investment Research raised shares of Wix.Com from a strong sell rating to a hold rating and set a $122.00 price target on the stock in a research note on Saturday, July 20th. Wedbush upped their price target on shares of Wix.Com from $152.00 to $180.00 and gave the stock an outperform rating in a research note on Thursday, July 25th. Finally, Citigroup upped their price target on shares of Wix.Com from $125.00 to $155.00 and gave the stock a buy rating in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $136.39.

Shares of WIX opened at $147.38 on Wednesday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.93 and a current ratio of 1.93. The stock has a market capitalization of $7.33 billion, a P/E ratio of -334.95 and a beta of 1.48. The company’s fifty day moving average is $145.87 and its two-hundred day moving average is $131.90. Wix.Com has a 1 year low of $80.20 and a 1 year high of $155.75.



Wix.Com (NASDAQ:WIX) last announced its quarterly earnings data on Wednesday, July 24th. The information services provider reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.38) by $0.17. The company had revenue of $185.40 million for the quarter, compared to analysts’ expectations of $183.92 million. Wix.Com had a negative net margin of 8.70% and a negative return on equity of 21.60%. Wix.Com’s revenue was up 26.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 EPS. Sell-side analysts predict that Wix.Com will post -1.31 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors acquired a new stake in Wix.Com in the 2nd quarter valued at about $28,000. Riverhead Capital Management LLC grew its stake in Wix.Com by 75.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 350 shares of the information services provider’s stock valued at $50,000 after acquiring an additional 150 shares during the last quarter. Flinton Capital Management LLC grew its stake in Wix.Com by 29.4% in the 2nd quarter. Flinton Capital Management LLC now owns 352 shares of the information services provider’s stock valued at $50,000 after acquiring an additional 80 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Wix.Com by 20.9% in the 1st quarter. Quadrant Capital Group LLC now owns 463 shares of the information services provider’s stock valued at $54,000 after acquiring an additional 80 shares during the last quarter. Finally, Meadow Creek Investment Management LLC grew its stake in Wix.Com by 29.4% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 484 shares of the information services provider’s stock valued at $69,000 after acquiring an additional 110 shares during the last quarter. 83.62% 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.

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Analyst Recommendations for Wix.Com (NASDAQ:WIX)

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