Wix.Com (NASDAQ:WIX)‘s stock had its “outperform” rating restated by equities researchers at Wedbush in a report released on Wednesday, RTT News reports. They presently have a $152.00 target price on the information services provider’s stock. Wedbush’s price objective indicates a potential upside of 6.22% from the stock’s previous close.
A number of other brokerages have also recently commented on WIX. Citigroup set a $8.00 target price on shares of Diamond Offshore Drilling and gave the company a “sell” rating in a report on Friday, May 17th. BidaskClub cut shares of Weyco Group from a “sell” rating to a “strong sell” rating in a report on Saturday, July 13th. Macquarie upped their target price on shares of Shopify to $230.00 and gave the company an “outperform” rating in a report on Wednesday, March 27th. Guggenheim began coverage on shares of Altair Engineering in a report on Tuesday, March 19th. They set a “neutral” rating and a $37.70 target price for the company. Finally, Oppenheimer upped their target price on shares of Wix.Com from $122.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, May 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Wix.Com currently has an average rating of “Buy” and an average price target of $128.42.
WIX opened at $143.10 on Wednesday. The company has a debt-to-equity ratio of 2.17, a current ratio of 2.01 and a quick ratio of 2.01. The firm’s 50 day moving average is $142.98. Wix.Com has a twelve month low of $80.20 and a twelve month high of $149.59. The stock has a market capitalization of $7.03 billion, a PE ratio of -325.23 and a beta of 1.53.
Several institutional investors and hedge funds have recently bought and sold shares of WIX. Jackson Square Partners LLC boosted its position in shares of Wix.Com by 78.3% in the first quarter. Jackson Square Partners LLC now owns 1,629,418 shares of the information services provider’s stock worth $196,882,000 after purchasing an additional 715,411 shares during the period. FMR LLC boosted its position in shares of Wix.Com by 18.1% during the first quarter. FMR LLC now owns 4,382,658 shares of the information services provider’s stock worth $529,556,000 after acquiring an additional 671,358 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Wix.Com by 23,791.1% during the first quarter. Janus Henderson Group PLC now owns 634,308 shares of the information services provider’s stock worth $76,644,000 after acquiring an additional 631,653 shares during the last quarter. BlackRock Inc. boosted its position in shares of Wix.Com by 42.3% during the fourth quarter. BlackRock Inc. now owns 2,105,745 shares of the information services provider’s stock worth $190,234,000 after acquiring an additional 626,291 shares during the last quarter. Finally, CI Investments Inc. bought a new position in shares of Wix.Com during the fourth quarter worth $37,566,000. Institutional investors and hedge funds own 85.73% 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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