Research analysts at StockNews.com assumed coverage on shares of Wix.com (NASDAQ:WIX – Get Rating) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the information services provider’s stock.
A number of other research firms also recently weighed in on WIX. Morgan Stanley upped their price target on Wix.com from $94.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 23rd. Barclays upped their price target on Wix.com from $78.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 23rd. Wolfe Research reaffirmed an “outperform” rating and set a $105.00 price target (up from $100.00) on shares of Wix.com in a research note on Thursday, February 23rd. Needham & Company LLC upped their price target on Wix.com from $100.00 to $125.00 in a research note on Thursday, February 23rd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $105.00 price target on shares of Wix.com in a research note on Thursday, February 23rd. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Wix.com currently has a consensus rating of “Moderate Buy” and an average target price of $105.50.
Wix.com Stock Performance
WIX stock opened at $87.11 on Thursday. The stock’s 50 day simple moving average is $86.76 and its 200 day simple moving average is $81.17. Wix.com has a fifty-two week low of $53.12 and a fifty-two week high of $111.35. The company has a market cap of $4.99 billion, a P/E ratio of -11.85 and a beta of 1.22.
Hedge Funds Weigh In On Wix.com
Wix.com Ltd. operates a cloud-based website design and development platform. It offers web templates, web editor, web builder, search engine optimization tools, logo maker, web hosting, and electronic mail marketing services. The company was founded by Avishai Abrahami, Nadav Abrahami, and Giora Kaplan on October 5, 2006 and is headquartered in Tel Aviv, Israel.
- Get a free copy of the StockNews.com research report on Wix.com (WIX)
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