Wix.com Ltd. (NASDAQ:WIX – Get Rating) shares gapped up prior to trading on Monday . The stock had previously closed at $73.69, but opened at $77.00. Wix.com shares last traded at $81.34, with a volume of 30,841 shares.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on WIX shares. JMP Securities lowered their target price on Wix.com from $130.00 to $100.00 and set a “market outperform” rating on the stock in a report on Thursday, July 14th. Morgan Stanley increased their price objective on shares of Wix.com from $77.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 11th. Oppenheimer restated a “market perform” rating on shares of Wix.com in a research report on Wednesday, July 27th. StockNews.com downgraded shares of Wix.com from a “hold” rating to a “sell” rating in a research report on Friday, September 9th. Finally, Needham & Company LLC reissued a “buy” rating and set a $85.00 price objective on shares of Wix.com in a research report on Wednesday, June 29th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $129.13.
Wix.com Price Performance
The firm has a 50-day moving average of $67.66 and a 200-day moving average of $73.16. The company has a debt-to-equity ratio of 6.33, a quick ratio of 1.04 and a current ratio of 1.04.
Institutional Trading of Wix.com
Several hedge funds have recently bought and sold shares of the stock. Ronald Blue Trust Inc. bought a new stake in shares of Wix.com in the second quarter worth about $38,000. Lindbrook Capital LLC increased its stake in Wix.com by 207.0% in the 1st quarter. Lindbrook Capital LLC now owns 482 shares of the information services provider’s stock worth $50,000 after acquiring an additional 325 shares during the last quarter. UMB Bank N A MO raised its holdings in shares of Wix.com by 78.3% during the 1st quarter. UMB Bank N A MO now owns 526 shares of the information services provider’s stock worth $55,000 after acquiring an additional 231 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Wix.com by 105.1% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 640 shares of the information services provider’s stock valued at $67,000 after acquiring an additional 328 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of Wix.com by 93.5% in the first quarter. Captrust Financial Advisors now owns 681 shares of the information services provider’s stock valued at $71,000 after purchasing an additional 329 shares in the last quarter. Hedge funds and other institutional investors own 99.48% of the company’s stock.
Wix.com Company Profile
Wix.com Ltd., together with its subsidiaries, develops and markets a cloud-based platform that enables anyone to create a website or web application in North America, Europe, Latin America, Asia, and internationally. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; Wix ADI that enables users to create a website for their specific needs; and Corvid by Wix to create websites and web applications.
- Get a free copy of the StockNews.com research report on Wix.com (WIX)
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