Wix.com Ltd. (WIX) Research Coverage Started at Cantor Fitzgerald
Research analysts at Cantor Fitzgerald began coverage on shares of Wix.com Ltd. (NASDAQ:WIX) in a research report issued on Tuesday, The Fly reports. The brokerage set a “buy” rating on the stock.
Other equities analysts also recently issued reports about the stock. Summit Redstone initiated coverage on shares of Wix.com in a research note on Wednesday, September 7th. They issued a “buy” rating and a $48.00 price target on the stock. Zacks Investment Research raised shares of Wix.com from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Wednesday, July 6th. Needham & Company LLC reissued a “buy” rating on shares of Wix.com in a research note on Monday, June 27th. Deutsche Bank AG raised their price target on shares of Wix.com from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Finally, JPMorgan Chase & Co. downgraded shares of Wix.com from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $46.00 to $50.00 in a research note on Wednesday, September 21st. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Wix.com currently has a consensus rating of “Buy” and an average price target of $40.09.
Shares of Wix.com (NASDAQ:WIX) traded up 0.68% during trading on Tuesday, reaching $44.20. 208,950 shares of the company’s stock were exchanged. The stock’s market cap is $1.82 billion. Wix.com has a 12-month low of $14.79 and a 12-month high of $49.49. The company has a 50 day moving average of $43.42 and a 200 day moving average of $32.75.
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Wix.com (NASDAQ:WIX) last posted its quarterly earnings data on Wednesday, July 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.03. The company had revenue of $68.70 million for the quarter, compared to analysts’ expectations of $66.69 million. The business’s revenue for the quarter was up 41.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.21) earnings per share. Equities research analysts anticipate that Wix.com will post ($0.47) EPS for the current year.
Large investors have recently made changes to their positions in the stock. Public Employees Retirement Association of Colorado acquired a new position in shares of Wix.com during the second quarter worth $131,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position 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 worth $173,000 after buying an additional 2,012 shares during the period. Boothbay Fund Management LLC acquired a new position in shares of Wix.com during the first quarter worth $289,000. Marshall Wace LLP acquired a new position in shares of Wix.com during the second quarter worth $339,000. Finally, Suntrust Banks Inc. boosted its position 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 worth $341,000 after buying an additional 216 shares during the period. Institutional investors and hedge funds 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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