Wix.com Ltd. (WIX) Now Covered by Analysts at Cantor Fitzgerald
Analysts at Cantor Fitzgerald assumed coverage on shares of Wix.com Ltd. (NASDAQ:WIX) in a research note issued on Tuesday, The Fly reports. The firm set a “buy” rating on the stock.
A number of other research firms have also issued reports on WIX. Zacks Investment Research lowered Wix.com from a “buy” rating to a “hold” rating in a research note on Saturday, July 30th. Needham & Company LLC reissued a “buy” rating on shares of Wix.com in a research note on Monday, June 27th. Deutsche Bank AG increased their price target on Wix.com from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Summit Redstone assumed coverage on Wix.com in a research note on Wednesday, September 7th. They set a “buy” rating and a $48.00 price target on the stock. Finally, Royal Bank Of Canada lowered Wix.com from an “outperform” rating to a “sector perform” rating and set a $45.00 price target on the stock. in a research note on Friday, September 23rd. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Wix.com has a consensus rating of “Buy” and an average price target of $40.09.
Wix.com (NASDAQ:WIX) traded up 0.68% on Tuesday, reaching $44.20. The company had a trading volume of 208,950 shares. Wix.com has a 12 month low of $14.79 and a 12 month high of $49.49. The firm has a 50-day moving average of $43.42 and a 200-day moving average of $32.75. The stock’s market capitalization is $1.82 billion.
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Wix.com (NASDAQ:WIX) last posted its earnings results on Wednesday, July 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.03. The company earned $68.70 million during the quarter, compared to analysts’ expectations of $66.69 million. During the same period in the previous year, the company posted ($0.21) EPS. Wix.com’s quarterly revenue was up 41.4% compared to the same quarter last year. On average, equities research analysts expect that Wix.com will post ($0.47) earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the stock. Public Employees Retirement Association of Colorado acquired a new stake in shares of Wix.com during the second quarter valued at $131,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Wix.com by 54.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,714 shares of the company’s stock valued at $173,000 after buying an additional 2,012 shares in the last quarter. Boothbay Fund Management LLC acquired a new stake in shares of Wix.com during the first quarter valued at $289,000. Marshall Wace LLP acquired a new stake in shares of Wix.com during the second quarter valued at $339,000. Finally, Suntrust Banks Inc. increased its stake in shares of Wix.com by 2.0% in the second quarter. Suntrust Banks Inc. now owns 11,263 shares of the company’s stock valued at $341,000 after buying an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 65.12% of the company’s stock.
Wix.com Company Profile
Wix is a leading global software platform for small businesses to operate online with millions of registered users in 190 countries. Wix was founded on the belief that the Internet should be accessible to everyone to develop, create and contribute. Through free and premium subscriptions, Wix’s powerful technology empowers millions of businesses, organizations, professionals and individuals to take their businesses, brands and workflow online.
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