KeyCorp Analysts Give Wix.com Ltd. (WIX) a $88.00 Price Target
Wix.com Ltd. (NASDAQ:WIX) received a $88.00 price objective from KeyCorp in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the information services provider’s stock. KeyCorp’s price objective suggests a potential upside of 26.62% from the stock’s previous close.
WIX has been the subject of several other reports. Zacks Investment Research raised Wix.com from a “sell” rating to a “hold” rating and set a $82.00 price target for the company in a research report on Wednesday, July 26th. BidaskClub raised Wix.com from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Jefferies Group LLC initiated coverage on Wix.com in a research report on Thursday, August 24th. They set a “buy” rating and a $74.00 price target for the company. Royal Bank Of Canada reissued a “hold” rating on shares of Wix.com in a research report on Friday, July 28th. Finally, Northland Securities reissued a “buy” rating and set a $75.00 price target on shares of Wix.com in a research report on Thursday, September 21st. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $74.87.
Shares of Wix.com (NASDAQ WIX) traded up 0.07% on Wednesday, hitting $69.50. The company had a trading volume of 595,081 shares. The firm has a 50 day moving average of $67.43 and a 200-day moving average of $70.40. Wix.com has a 12-month low of $38.65 and a 12-month high of $86.15. The firm’s market capitalization is $3.15 billion.
Wix.com (NASDAQ:WIX) last issued its quarterly earnings results on Thursday, July 27th. The information services provider reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.16). The company had revenue of $103.50 million during the quarter, compared to analysts’ expectations of $101.93 million. During the same period in the previous year, the business earned ($0.09) earnings per share. The business’s revenue was up 50.7% on a year-over-year basis. On average, equities analysts predict that Wix.com will post $0.23 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another website, it was copied illegally and reposted in violation of US and international trademark and copyright legislation. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/12/keycorp-analysts-give-wix-com-ltd-wix-a-88-00-price-target.html.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Legal & General Group Plc increased its stake in shares of Wix.com by 2.8% during the second quarter. Legal & General Group Plc now owns 3,700 shares of the information services provider’s stock worth $258,000 after purchasing an additional 100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Wix.com by 3.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,380 shares of the information services provider’s stock worth $374,000 after purchasing an additional 181 shares during the period. Precept Management LLC increased its stake in shares of Wix.com by 3.3% during the second quarter. Precept Management LLC now owns 31,000 shares of the information services provider’s stock worth $2,158,000 after purchasing an additional 1,000 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Wix.com by 18.5% during the first quarter. Oppenheimer & Co. Inc. now owns 6,419 shares of the information services provider’s stock worth $421,000 after purchasing an additional 1,004 shares during the period. Finally, Advisor Group Inc. increased its stake in shares of Wix.com by 196.5% during the second quarter. Advisor Group Inc. now owns 2,965 shares of the information services provider’s stock worth $207,000 after purchasing an additional 1,965 shares during the period. Institutional investors own 69.96% of the company’s stock.
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.
Receive News & Ratings for Wix.com Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wix.com Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.