Wix.Com Ltd (WIX) Receives Consensus Rating of “Buy” from Brokerages

Wix.Com Ltd (NASDAQ:WIX) has been given a consensus rating of “Buy” by the eighteen research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $76.38.

WIX has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Wix.Com from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. KeyCorp reiterated an “overweight” rating on shares of Wix.Com in a research report on Wednesday, November 8th. Barclays dropped their price target on shares of Wix.Com from $77.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, November 9th. UBS Group upgraded shares of Wix.Com from an “outperform” rating to a “strong-buy” rating in a research report on Thursday. Finally, BidaskClub upgraded shares of Wix.Com from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd.

Shares of Wix.Com (NASDAQ:WIX) opened at $60.65 on Monday. Wix.Com has a 12-month low of $46.60 and a 12-month high of $86.15. The stock has a market cap of $2,756.94, a PE ratio of -48.91 and a beta of 2.25. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.86.

Several hedge funds have recently made changes to their positions in WIX. Jackson Square Partners LLC grew its holdings in shares of Wix.Com by 890.0% in the third quarter. Jackson Square Partners LLC now owns 852,230 shares of the information services provider’s stock valued at $61,232,000 after purchasing an additional 766,144 shares in the last quarter. Bamco Inc. NY grew its holdings in shares of Wix.Com by 91.3% in the third quarter. Bamco Inc. NY now owns 1,500,095 shares of the information services provider’s stock valued at $107,782,000 after purchasing an additional 715,951 shares in the last quarter. Menora Mivtachim Holdings LTD. grew its holdings in shares of Wix.Com by 146.1% in the third quarter. Menora Mivtachim Holdings LTD. now owns 1,050,796 shares of the information services provider’s stock valued at $75,500,000 after purchasing an additional 623,876 shares in the last quarter. Light Street Capital Management LLC grew its holdings in shares of Wix.Com by 141.2% in the second quarter. Light Street Capital Management LLC now owns 1,025,000 shares of the information services provider’s stock valued at $71,340,000 after purchasing an additional 600,000 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Wix.Com by 23.7% in the second quarter. Renaissance Technologies LLC now owns 2,414,400 shares of the information services provider’s stock valued at $168,042,000 after purchasing an additional 462,700 shares in the last quarter. Hedge funds and other institutional investors own 79.23% of the company’s stock.

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About Wix.Com

Wix.com Ltd. (Wix) is a Web development platform enabling businesses and organizations to take businesses, brands and workflow online. The Company provides solutions that business owners can use to operate various aspects of their business online, such as selling goods, taking reservations, and scheduling and confirming appointments.

Analyst Recommendations for Wix.Com (NASDAQ:WIX)

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