Stock analysts at Goldman Sachs started coverage on shares of Wix.Com (NASDAQ:WIX) in a research note issued to investors on Friday, MarketBeat.com reports. The brokerage set a “neutral” rating and a $93.00 price target on the information services provider’s stock. Goldman Sachs’ target price would indicate a potential upside of 18.02% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the company. BidaskClub raised Wix.Com from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. KeyCorp set a $85.00 price objective on Wix.Com and gave the company a “buy” rating in a research report on Wednesday, February 14th. SunTrust Banks reaffirmed a “buy” rating and set a $71.00 price objective on shares of Wix.Com in a research report on Tuesday, February 13th. Needham & Company LLC increased their price objective on Wix.Com from $70.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Finally, Zacks Investment Research raised Wix.Com from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. Wix.Com currently has a consensus rating of “Buy” and a consensus price target of $82.50.
Shares of Wix.Com (NASDAQ:WIX) opened at $78.80 on Friday. Wix.Com has a 12 month low of $50.90 and a 12 month high of $87.65. The company has a market capitalization of $3,825.17, a price-to-earnings ratio of -63.55 and a beta of 1.81. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.11.
A number of hedge funds have recently bought and sold shares of WIX. State Street Corp lifted its holdings in Wix.Com by 13.8% in the second quarter. State Street Corp now owns 150,193 shares of the information services provider’s stock valued at $10,453,000 after acquiring an additional 18,260 shares during the period. Swiss National Bank lifted its holdings in Wix.Com by 13.3% in the third quarter. Swiss National Bank now owns 57,000 shares of the information services provider’s stock valued at $4,095,000 after acquiring an additional 6,700 shares during the period. New York State Common Retirement Fund lifted its holdings in Wix.Com by 52.6% in the third quarter. New York State Common Retirement Fund now owns 27,721 shares of the information services provider’s stock valued at $1,992,000 after acquiring an additional 9,557 shares during the period. Advisors Asset Management Inc. lifted its holdings in Wix.Com by 52.7% in the third quarter. Advisors Asset Management Inc. now owns 14,663 shares of the information services provider’s stock valued at $1,054,000 after acquiring an additional 5,060 shares during the period. Finally, SG Americas Securities LLC bought a new position in Wix.Com in the third quarter valued at about $417,000. 82.32% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: This news story was posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this news story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be read at https://www.tickerreport.com/banking-finance/3298061/goldman-sachs-begins-coverage-on-wix-com-wix.html.
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.
Receive News & Ratings for Wix.Com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wix.Com and related companies with MarketBeat.com's FREE daily email newsletter.