Wix.com Ltd. (NASDAQ:WIX) Receives Average Rating of “Moderate Buy” from Brokerages

Wix.com Ltd. (NASDAQ:WIX) has earned an average recommendation of “Moderate Buy” from the eighteen brokerages that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $190.06.

A number of research firms have issued reports on WIX. KeyCorp began coverage on Wix.com in a research note on Thursday, July 25th. They issued a “sector weight” rating on the stock. Barclays reduced their price objective on Wix.com from $186.00 to $184.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 price objective on shares of Wix.com in a research note on Monday, October 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $180.00 price objective on shares of Wix.com in a research note on Thursday, July 25th. Finally, UBS Group lifted their price objective on Wix.com from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th.

Hedge Funds Weigh In On Wix.com

A number of large investors have recently bought and sold shares of the business. Semanteon Capital Management LP boosted its holdings in Wix.com by 255.5% during the 3rd quarter. Semanteon Capital Management LP now owns 4,526 shares of the information services provider’s stock valued at $757,000 after acquiring an additional 3,253 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Wix.com by 7.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,275 shares of the information services provider’s stock valued at $380,000 after acquiring an additional 165 shares during the period. Mediolanum International Funds Ltd boosted its holdings in Wix.com by 10.7% during the 3rd quarter. Mediolanum International Funds Ltd now owns 13,400 shares of the information services provider’s stock valued at $2,251,000 after acquiring an additional 1,295 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Wix.com by 13.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 13,519 shares of the information services provider’s stock valued at $2,260,000 after acquiring an additional 1,584 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in Wix.com by 72.7% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,931 shares of the information services provider’s stock valued at $824,000 after acquiring an additional 2,075 shares during the period. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wix.com Trading Down 1.0 %

NASDAQ WIX opened at $162.46 on Friday. The stock’s 50 day moving average is $163.44 and its 200 day moving average is $154.71. Wix.com has a 12 month low of $76.90 and a 12 month high of $179.00. The stock has a market cap of $9.29 billion, a PE ratio of 142.51, a P/E/G ratio of 3.55 and a beta of 1.48.

Wix.com (NASDAQ:WIX) last posted its quarterly earnings results on Wednesday, August 7th. The information services provider reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.35. Wix.com had a negative return on equity of 49.05% and a net margin of 4.44%. The company had revenue of $435.70 million for the quarter, compared to analysts’ expectations of $442.88 million. During the same period in the previous year, the firm earned $0.58 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. On average, analysts forecast that Wix.com will post 2.1 EPS for the current fiscal year.

Wix.com Company Profile

Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.