A number of other research analysts have also issued reports on the stock. Atlantic Securities lowered shares of Wix.com from an overweight rating to a neutral rating and set a $100.00 target price for the company. in a research note on Tuesday, March 1st. Citigroup lowered their target price on Wix.com from $120.00 to $91.00 and set a na rating on the stock in a report on Tuesday. JMP Securities decreased their price target on Wix.com from $250.00 to $140.00 and set a market outperform rating for the company in a research report on Thursday, February 17th. Truist Financial decreased their price objective on Wix.com from $290.00 to $170.00 and set a buy rating for the company in a research report on Thursday, February 17th. Finally, Morgan Stanley reduced their price target on Wix.com from $215.00 to $135.00 and set an overweight rating for the company in a report on Thursday, February 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Wix.com has an average rating of Hold and an average target price of $145.12.
Shares of WIX opened at $67.35 on Tuesday. The firm has a market capitalization of $3.86 billion, a P/E ratio of -13.44 and a beta of 1.56. The company has a current ratio of 1.58, a quick ratio of 1.79 and a debt-to-equity ratio of 6.33. Wix.com has a twelve month low of $56.24 and a twelve month high of $309.00. The stock’s fifty day simple moving average is $85.18 and its 200 day simple moving average is $118.71.
A number of hedge funds have recently modified their holdings of the business. Flossbach Von Storch AG raised its holdings in Wix.com by 12.9% during the first quarter. Flossbach Von Storch AG now owns 4,531,581 shares of the information services provider’s stock worth $473,369,000 after buying an additional 517,884 shares during the last quarter. Baillie Gifford & Co. boosted its position in Wix.com by 15.9% during the first quarter. Baillie Gifford & Co. now owns 3,784,926 shares of the information services provider’s stock worth $395,373,000 after purchasing an additional 519,988 shares during the period. Principal Financial Group Inc. boosted its holdings in Wix.com by 3.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,034,815 shares of the information services provider’s stock valued at $317,017,000 after purchasing an additional 98,462 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Wix.com by 16.2% in the 3rd quarter. Janus Henderson Group PLC now owns 2,576,976 shares of the information services provider’s stock valued at $505,009,000 after acquiring an additional 359,759 shares in the last quarter. Finally, Dorsey Asset Management LLC lifted its holdings in shares of Wix.com by 5.4% during the 1st quarter. Dorsey Asset Management LLC now owns 1,566,047 shares of the information services provider’s stock worth $163,589,000 after acquiring an additional 80,849 shares during the last quarter. Institutional investors and hedge funds own 89.89% of the company’s stock.
Wix.com Company Profile (Get Rating)
Wix.com Ltd., together with its subsidiaries, develops and markets a cloud-based platform that enables anyone to create a website or web application in North America, Europe, Latin America, Asia, and internationally. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; Wix ADI that enables users to create a website for their specific needs; and Corvid by Wix to create websites and web applications.
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