Wix.Com (NASDAQ:WIX) Downgraded by BidaskClub

Share on StockTwits

BidaskClub downgraded shares of Wix.Com (NASDAQ:WIX) from a hold rating to a sell rating in a research report report published on Friday morning, BidAskClub reports.

WIX has been the topic of several other research reports. Citigroup boosted their price objective on shares of Wix.Com from $125.00 to $155.00 and gave the stock a buy rating in a research note on Friday, May 17th. SunTrust Banks boosted their price objective on shares of Wix.Com to $168.00 and gave the stock a buy rating in a research note on Thursday, July 25th. Northland Securities set a $160.00 price objective on shares of Wix.Com and gave the stock a buy rating in a research note on Friday, August 23rd. Deutsche Bank boosted their price objective on shares of Wix.Com from $135.00 to $172.00 and gave the stock a buy rating in a research note on Thursday, July 25th. Finally, Zacks Investment Research raised shares of Wix.Com from a strong sell rating to a hold rating and set a $122.00 price objective on the stock in a research note on Saturday, July 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Wix.Com has a consensus rating of Buy and an average price target of $136.39.

NASDAQ WIX opened at $123.81 on Friday. The firm’s fifty day moving average price is $143.35 and its two-hundred day moving average price is $134.23. The stock has a market cap of $6.30 billion, a PE ratio of -281.39 and a beta of 1.55. Wix.Com has a fifty-two week low of $80.20 and a fifty-two week high of $155.75. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.93 and a current ratio of 1.93.

Wix.Com (NASDAQ:WIX) last posted its earnings results on Wednesday, July 24th. The information services provider reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.17. Wix.Com had a negative net margin of 8.70% and a negative return on equity of 21.60%. The firm had revenue of $185.40 million for the quarter, compared to analysts’ expectations of $183.92 million. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The company’s revenue was up 26.9% on a year-over-year basis. As a group, sell-side analysts predict that Wix.Com will post -1.22 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jackson Square Partners LLC raised its holdings in shares of Wix.Com by 78.3% in the 1st quarter. Jackson Square Partners LLC now owns 1,629,418 shares of the information services provider’s stock worth $196,882,000 after acquiring an additional 715,411 shares during the last quarter. FMR LLC raised its holdings in shares of Wix.Com by 18.1% in the 1st 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. Soroban Capital Partners LP acquired a new stake in shares of Wix.Com in the 2nd quarter worth about $79,923,000. Allianz Asset Management GmbH acquired a new stake in shares of Wix.Com in the 2nd quarter worth about $37,539,000. Finally, SQN Investors LP raised its holdings in shares of Wix.Com by 35.9% in the 1st quarter. SQN Investors LP now owns 881,005 shares of the information services provider’s stock worth $106,452,000 after acquiring an additional 232,506 shares during the last quarter. Hedge funds and other institutional investors own 84.12% 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.

Featured Story: Earnings Reports

Analyst Recommendations for Wix.Com (NASDAQ:WIX)

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.



Latest News

Zacks Investment Research Upgrades Heidrick & Struggles International  to Buy
Zacks Investment Research Upgrades Heidrick & Struggles International to Buy
Jefferies Financial Group Comments on GREENE KING PLC/S’s FY2020 Earnings
Jefferies Financial Group Comments on GREENE KING PLC/S’s FY2020 Earnings
Raymond James Lowers Johnson & Johnson  Price Target to $145.00
Raymond James Lowers Johnson & Johnson Price Target to $145.00
Oasis Petroleum  PT Raised to $4.00 at Morgan Stanley
Oasis Petroleum PT Raised to $4.00 at Morgan Stanley
Prudential  – Research Analysts’ Weekly Ratings Changes
Prudential – Research Analysts’ Weekly Ratings Changes
Brokers Set Expectations for Sterling Bancorp’s FY2020 Earnings
Brokers Set Expectations for Sterling Bancorp’s FY2020 Earnings


© 2006-2019 Ticker Report