Brokerages Set Wix.Com Ltd (WIX) Target Price at $107.36

Shares of Wix.Com Ltd (NASDAQ:WIX) have been given a consensus rating of “Buy” by the twenty research firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $107.36.

A number of research firms have issued reports on WIX. SunTrust Banks boosted their price target on Wix.Com to $145.00 and gave the company a “buy” rating in a research note on Thursday, September 27th. Wedbush restated an “outperform” rating and set a $123.00 price target on shares of Wix.Com in a research note on Thursday, September 13th. Zacks Investment Research downgraded Wix.Com from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. ValuEngine downgraded Wix.Com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 2nd. Finally, BidaskClub upgraded Wix.Com from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 11th.

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in shares of Wix.Com by 18.8% during the 2nd quarter. BlackRock Inc. now owns 1,346,901 shares of the information services provider’s stock valued at $135,094,000 after acquiring an additional 213,621 shares during the period. Victory Capital Management Inc. grew its stake in shares of Wix.Com by 32.0% during the 2nd quarter. Victory Capital Management Inc. now owns 1,193,410 shares of the information services provider’s stock valued at $119,698,000 after acquiring an additional 289,190 shares during the period. Grandeur Peak Global Advisors LLC grew its stake in shares of Wix.Com by 2.0% during the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 389,402 shares of the information services provider’s stock valued at $39,057,000 after acquiring an additional 7,500 shares during the period. Acadian Asset Management LLC lifted its holdings in Wix.Com by 67.6% in the 3rd quarter. Acadian Asset Management LLC now owns 363,569 shares of the information services provider’s stock worth $43,521,000 after purchasing an additional 146,674 shares in the last quarter. Finally, Rice Hall James & Associates LLC lifted its holdings in Wix.Com by 23.7% in the 3rd quarter. Rice Hall James & Associates LLC now owns 280,085 shares of the information services provider’s stock worth $33,526,000 after purchasing an additional 53,620 shares in the last quarter. Institutional investors own 88.15% of the company’s stock.

Wix.Com stock opened at $99.55 on Friday. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of -99.55 and a beta of 1.82. Wix.Com has a 52-week low of $50.90 and a 52-week high of $121.45. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 2.76.

About Wix.Com

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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Analyst Recommendations for Wix.Com (NASDAQ:WIX)

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