Wix.com (NASDAQ: WIX) recently received a number of ratings updates from brokerages and research firms:

  • 10/2/2017 – Wix.com was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/28/2017 – Wix.com was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Wix.com Ltd. is a cloud-based web development platform. The Company’s platform offers solutions that enable businesses, organizations, professionals and individuals to develop customized websites and application platforms. Wix.com Ltd. is headquartered in Tel Aviv, Israel. “
  • 9/26/2017 – Wix.com was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 9/21/2017 – Wix.com had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $75.00 price target on the stock.
  • 9/20/2017 – Wix.com was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/31/2017 – Wix.com was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/24/2017 – Wix.com is now covered by analysts at Jefferies Group LLC. They set a “buy” rating and a $74.00 price target on the stock. They wrote, “Over the past 18 months, the company has delivered a redesigned website editor, enhanced mobile solutions, ADI (artificial design intelligence technology) which helps users build a website in minutes, and multiple vertical applications,” the firm added.Massive Market Opportunity Although Wix.com is small relative to competition, the firm said it is growing much faster than the field. The firm thinks the company is taking share within these markets. The firm also delved on the huge potential offered by the global small businesses, which it estimates to be 420 million.”We think Wix’s techfocused, product-centric approach is the right strategic approach for this market, and expect the company will continue to gain share over time,”
  • 8/21/2017 – Wix.com was given a new $88.00 price target on by analysts at KeyCorp. They now have a “buy” rating on the stock.
  • 8/18/2017 – Wix.com was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Wix.com Ltd. is a cloud-based web development platform. The Company’s platform offers solutions that enable businesses, organizations, professionals and individuals to develop customized websites and application platforms. Wix.com Ltd. is headquartered in Tel Aviv, Israel. “
  • 8/15/2017 – Wix.com is now covered by analysts at SunTrust Banks, Inc.. They set a “buy” rating and a $73.00 price target on the stock.
  • 8/9/2017 – Wix.com was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Wix.com Ltd. (WIX) traded down 2.33% during trading on Wednesday, hitting $69.15. The stock had a trading volume of 354,855 shares. The company has a 50 day moving average of $65.57 and a 200-day moving average of $70.35. The company’s market cap is $3.14 billion. Wix.com Ltd. has a 12-month low of $38.65 and a 12-month high of $86.15.

Wix.com (NASDAQ:WIX) last issued its quarterly earnings data on Thursday, July 27th. The information services provider reported ($0.26) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.16). The firm had revenue of $103.50 million during the quarter, compared to analyst estimates of $101.93 million. The business’s revenue was up 50.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.09) earnings per share. On average, equities analysts predict that Wix.com Ltd. will post $0.23 EPS for the current year.

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.

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