Wix.Com (WIX) Upgraded at BidaskClub

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Wix.Com (NASDAQ:WIX) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Friday, October 19th.

Several other research firms have also issued reports on WIX. Zacks Investment Research lowered shares of Wix.Com from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. SunTrust Banks raised their price target on shares of Wix.Com to $145.00 and gave the stock a “buy” rating in a report on Thursday, September 27th. ValuEngine lowered shares of Wix.Com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 2nd. Wedbush reaffirmed an “outperform” rating and issued a $123.00 target price on shares of Wix.Com in a research note on Thursday, September 13th. Finally, Barclays increased their price objective on Wix.Com from $87.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, July 23rd. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $105.38.

NASDAQ WIX traded down $5.51 during trading hours on Friday, reaching $95.93. The company’s stock had a trading volume of 848,412 shares, compared to its average volume of 637,523. The firm has a market cap of $4.78 billion, a PE ratio of -95.93 and a beta of 1.82. Wix.Com has a 52 week low of $50.90 and a 52 week high of $121.45. The company has a debt-to-equity ratio of 2.76, a current ratio of 2.00 and a quick ratio of 2.00.

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of Wix.Com by 9.8% during the third quarter. BlackRock Inc. now owns 1,479,454 shares of the information services provider’s stock valued at $177,090,000 after acquiring an additional 132,553 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Wix.Com by 32.0% in the second quarter. Victory Capital Management Inc. now owns 1,193,410 shares of the information services provider’s stock worth $119,698,000 after purchasing an additional 289,190 shares in the last quarter. Summit Trail Advisors LLC raised its holdings in Wix.Com by 83,610.2% in the first quarter. Summit Trail Advisors LLC now owns 647,080 shares of the information services provider’s stock worth $647,000 after purchasing an additional 646,307 shares in the last quarter. Grandeur Peak Global Advisors LLC raised its holdings in Wix.Com by 2.0% in the second quarter. Grandeur Peak Global Advisors LLC now owns 389,402 shares of the information services provider’s stock worth $39,057,000 after purchasing an additional 7,500 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in Wix.Com by 67.6% in the third quarter. Acadian Asset Management LLC now owns 363,569 shares of the information services provider’s stock worth $43,521,000 after purchasing an additional 146,674 shares in the last quarter. Institutional investors own 88.15% 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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