Somewhat Positive News Coverage Somewhat Unlikely to Impact Wix.Com (WIX) Share Price

News coverage about Wix.Com (NASDAQ:WIX) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wix.Com earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news headlines about the information services provider an impact score of 46.0682270987221 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the headlines that may have impacted Accern Sentiment’s rankings:

Several analysts have commented on WIX shares. BidaskClub upgraded shares of Wix.Com from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. SunTrust Banks reiterated a “buy” rating and issued a $73.00 price target on shares of Wix.Com in a research note on Monday, November 6th. KeyCorp reiterated an “overweight” rating on shares of Wix.Com in a research note on Wednesday, November 8th. Royal Bank of Canada reiterated a “hold” rating and issued a $80.00 price target on shares of Wix.Com in a research note on Wednesday, November 8th. Finally, Zacks Investment Research upgraded shares of Wix.Com from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $77.79.

Shares of Wix.Com (NASDAQ:WIX) traded down $1.55 during midday trading on Monday, hitting $59.55. 238,634 shares of the stock traded hands, compared to its average volume of 601,054. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $2,710.00, a PE ratio of -46.89 and a beta of 2.25. Wix.Com has a 52-week low of $42.95 and a 52-week high of $86.15.

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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.

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