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

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Shares of Wix.Com Ltd (NASDAQ:WIX) have earned an average recommendation of “Buy” from the twenty analysts that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to 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 brokerages recently issued reports on WIX. BidaskClub downgraded Wix.Com from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Rosenblatt Securities began coverage on Wix.Com in a research report on Monday, July 30th. They set a “neutral” rating and a $78.00 price objective for the company. SunTrust Banks raised their price objective on Wix.Com to $120.00 and gave the stock a “buy” rating in a research report on Thursday, July 26th. ValuEngine raised Wix.Com from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 15th. Finally, Zacks Investment Research raised Wix.Com from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research report on Tuesday, July 31st.

NASDAQ WIX opened at $97.51 on Wednesday. Wix.Com has a 52 week low of $50.90 and a 52 week high of $121.45. The company has a debt-to-equity ratio of 2.76, a quick ratio of 2.00 and a current ratio of 2.00. The firm has a market cap of $5.61 billion, a PE ratio of -97.51 and a beta of 1.67.

Wix.Com (NASDAQ:WIX) last posted its quarterly earnings results on Wednesday, July 25th. The information services provider reported $0.29 EPS for the quarter, topping the consensus estimate of ($0.20) by $0.49. Wix.Com had a negative return on equity of 104.11% and a negative net margin of 9.07%. The business had revenue of $146.10 million for the quarter, compared to analyst estimates of $144.76 million. The company’s quarterly revenue was up 40.6% on a year-over-year basis. Sell-side analysts expect that Wix.Com will post -0.57 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WIX. Envestnet Asset Management Inc. acquired a new position in Wix.Com in the 2nd quarter valued at about $104,000. Advisory Services Network LLC acquired a new position in Wix.Com in the 2nd quarter valued at about $115,000. Fortis Advisors LLC acquired a new position in Wix.Com in the 2nd quarter valued at about $150,000. Global X Management Co LLC acquired a new position in Wix.Com in the 2nd quarter valued at about $181,000. Finally, Cumberland Partners Ltd acquired a new position in Wix.Com in the 2nd quarter valued at about $201,000. 88.01% of the stock is owned by institutional investors.

Wix.Com Company Profile

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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