Analysts at William Blair started coverage on shares of Wix.com (NASDAQ:WIX) in a report issued on Tuesday, Marketbeat Ratings reports. The firm set an “outperform” rating on the information services provider’s stock.
A number of other analysts also recently commented on WIX. KeyCorp set a $85.00 price objective on Wix.com and gave the stock a “buy” rating in a research report on Wednesday, February 14th. SunTrust Banks reiterated a “buy” rating and issued a $71.00 price objective on shares of Wix.com in a research report on Tuesday, February 13th. ValuEngine upgraded Wix.com from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. BidaskClub downgraded Wix.com from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Finally, Zacks Investment Research upgraded Wix.com from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company. Wix.com has a consensus rating of “Buy” and an average target price of $82.50.
Shares of NASDAQ WIX opened at $81.90 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.11. The stock has a market cap of $3,889.39, a PE ratio of -81.90 and a beta of 1.73. Wix.com has a 52 week low of $50.90 and a 52 week high of $87.65.
Wix.com (NASDAQ:WIX) last announced its earnings results on Wednesday, February 14th. The information services provider reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.05. Wix.com had a negative return on equity of 1,376.12% and a negative net margin of 13.22%. The firm had revenue of $118.60 million during the quarter, compared to the consensus estimate of $116.86 million. During the same quarter in the prior year, the company earned $0.06 EPS. The firm’s revenue for the quarter was up 40.9% compared to the same quarter last year. research analysts expect that Wix.com will post -0.54 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WIX. ARK Investment Management LLC acquired a new stake in shares of Wix.com in the 4th quarter valued at $215,000. Parametrica Management Ltd acquired a new stake in shares of Wix.com in the 4th quarter valued at $246,000. Koch Industries Inc. acquired a new stake in shares of Wix.com in the 4th quarter valued at $343,000. SG Americas Securities LLC increased its stake in shares of Wix.com by 14.8% in the 4th quarter. SG Americas Securities LLC now owns 6,661 shares of the information services provider’s stock valued at $383,000 after buying an additional 859 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Wix.com by 51.4% in the 3rd quarter. Legal & General Group Plc now owns 5,600 shares of the information services provider’s stock valued at $402,000 after buying an additional 1,900 shares during the period. 82.34% of the stock is owned by institutional investors.
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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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