Wix.Com Ltd (NASDAQ:WIX)’s share price was up 6.3% on Thursday . The company traded as high as $96.00 and last traded at $94.99. Approximately 1,082,779 shares were traded during mid-day trading, an increase of 68% from the average daily volume of 644,215 shares. The stock had previously closed at $89.35.
A number of equities analysts recently weighed in on WIX shares. BidaskClub cut Wix.Com from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research cut Wix.Com from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. SunTrust Banks upped their price target on Wix.Com to $120.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. JPMorgan Chase & Co. reduced their price target on Wix.Com from $108.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, JMP Securities reduced their target price on Wix.Com from $125.00 to $112.00 and set a “market outperform” rating for the company in a report on Wednesday. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $104.24.
The company has a debt-to-equity ratio of 2.76, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a market cap of $4.15 billion, a P/E ratio of -94.99 and a beta of 1.82.
Large investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. acquired a new stake in shares of Wix.Com in the second quarter valued at approximately $104,000. Advisory Services Network LLC acquired a new stake in shares of Wix.Com in the second quarter valued at approximately $115,000. Tower Research Capital LLC TRC increased its holdings in shares of Wix.Com by 90.6% in the third quarter. Tower Research Capital LLC TRC now owns 1,262 shares of the information services provider’s stock valued at $151,000 after purchasing an additional 600 shares during the last quarter. Fortis Advisors LLC acquired a new stake in shares of Wix.Com in the second quarter valued at approximately $150,000. Finally, Global X Management Co LLC acquired a new stake in shares of Wix.Com in the second quarter valued at approximately $181,000. 88.35% of the stock is owned by hedge funds and other institutional investors.
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About Wix.Com (NASDAQ:WIX)
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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