Equities research analysts at SunTrust Banks, Inc. initiated coverage on shares of Wix.com Ltd. (NASDAQ:WIX) in a research note issued to investors on Tuesday, The Fly reports. The firm set a “buy” rating on the information services provider’s stock.

A number of other equities analysts also recently issued reports on the stock. BidaskClub downgraded shares of Wix.com from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Zacks Investment Research downgraded shares of Wix.com from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Barclays PLC reissued a “buy” rating and issued a $77.00 price target on shares of Wix.com in a report on Wednesday, August 2nd. Royal Bank Of Canada reissued a “hold” rating on shares of Wix.com in a report on Friday, July 28th. Finally, KeyCorp began coverage on shares of Wix.com in a report on Monday, July 24th. They issued an “overweight” rating on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $71.59.

Wix.com (NASDAQ WIX) traded down 3.88% during mid-day trading on Tuesday, reaching $58.15. 514,655 shares of the company’s stock traded hands. The company has a 50 day moving average price of $67.96 and a 200-day moving average price of $69.04. The stock’s market cap is $2.64 billion. Wix.com has a 12 month low of $37.31 and a 12 month high of $86.15.

Wix.com (NASDAQ:WIX) last posted its quarterly earnings data on Thursday, July 27th. The information services provider reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.16. The business had revenue of $103.50 million for the quarter, compared to analysts’ expectations of $101.93 million. Wix.com’s revenue was up 50.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.09) earnings per share. On average, analysts anticipate that Wix.com will post $0.25 EPS for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of WIX. UBS Group AG boosted its position in Wix.com by 916.7% in the first quarter. UBS Group AG now owns 22,439 shares of the information services provider’s stock valued at $1,523,000 after buying an additional 20,232 shares during the period. Goldman Sachs Group Inc. boosted its position in Wix.com by 47.0% in the first quarter. Goldman Sachs Group Inc. now owns 100,816 shares of the information services provider’s stock valued at $6,846,000 after buying an additional 32,230 shares during the period. Renaissance Technologies LLC boosted its position in Wix.com by 22.7% in the first quarter. Renaissance Technologies LLC now owns 1,951,700 shares of the information services provider’s stock valued at $132,520,000 after buying an additional 361,400 shares during the period. Driehaus Capital Management LLC boosted its position in Wix.com by 393.4% in the first quarter. Driehaus Capital Management LLC now owns 31,458 shares of the information services provider’s stock valued at $2,136,000 after buying an additional 25,082 shares during the period. Finally, Columbus Circle Investors bought a new position in Wix.com during the first quarter valued at $6,828,000. Institutional investors own 79.12% of the company’s stock.

About Wix.com

Wix.com Ltd. (Wix) is a Web development platform enabling businesses and organizations to take businesses, brands and workflow online. The Company provides solutions that business owners can use to operate various aspects of their business online, such as selling goods, taking reservations, and scheduling and confirming appointments.

The Fly

Analyst Recommendations for Wix.com (NASDAQ:WIX)

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