Analysts Set Wix.Com Ltd (WIX) Target Price at $76.38

Wix.Com Ltd (NASDAQ:WIX) has earned an average recommendation of “Buy” from the eighteen brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $76.38.

WIX has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Wix.Com from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. KeyCorp reiterated an “overweight” rating on shares of Wix.Com in a research note on Wednesday, November 8th. Barclays decreased their price target on shares of Wix.Com from $77.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, November 9th. UBS Group upgraded shares of Wix.Com from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, January 4th. Finally, BidaskClub upgraded shares of Wix.Com from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd.

Shares of Wix.Com (NASDAQ:WIX) traded down $0.35 during trading on Monday, reaching $60.90. 276,793 shares of the company traded hands, compared to its average volume of 560,087. The company has a market cap of $2,770.00, a P/E ratio of -47.95 and a beta of 2.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.86 and a quick ratio of 0.86. Wix.Com has a one year low of $49.45 and a one year high of $86.15.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bamco Inc. NY raised its position in shares of Wix.Com by 91.3% during the 3rd quarter. Bamco Inc. NY now owns 1,500,095 shares of the information services provider’s stock valued at $107,782,000 after buying an additional 715,951 shares in the last quarter. Davidson Kempner Capital Management LP purchased a new stake in shares of Wix.Com during the 3rd quarter valued at about $10,763,000. Point72 Asset Management L.P. purchased a new stake in shares of Wix.Com during the 3rd quarter valued at about $7,889,000. Granahan Investment Management Inc. MA raised its position in shares of Wix.Com by 29.0% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 198,742 shares of the information services provider’s stock valued at $14,280,000 after buying an additional 44,677 shares in the last quarter. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Wix.Com during the 3rd quarter valued at about $2,954,000. 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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