Wix.Com (NASDAQ:WIX) was upgraded by UBS Group from an “outperform” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday, The Fly reports.

Several other equities analysts have also issued reports on the company. BidaskClub lowered Wix.Com from a “hold” rating to a “sell” rating in a research note on Thursday. Royal Bank of Canada reissued a “sector perform” rating and issued a $78.00 target price (down previously from $80.00) on shares of Wix.Com in a research note on Wednesday, November 22nd. Zacks Investment Research lowered Wix.Com from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Barclays cut their target price on Wix.Com from $77.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, November 9th. Finally, Oppenheimer cut their target price on Wix.Com from $88.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $77.79.

Wix.Com (NASDAQ WIX) opened at $58.30 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.86. Wix.Com has a one year low of $44.65 and a one year high of $86.15. The stock has a market capitalization of $2,650.00, a price-to-earnings ratio of -45.91 and a beta of 2.25.

A number of hedge funds have recently bought and sold shares of the business. Westpac Banking Corp acquired a new stake in shares of Wix.Com in the first quarter valued at approximately $137,000. BT Investment Management Ltd acquired a new stake in shares of Wix.Com in the second quarter valued at approximately $141,000. Advisor Group Inc. lifted its position in shares of Wix.Com by 196.5% in the second quarter. Advisor Group Inc. now owns 2,965 shares of the information services provider’s stock valued at $207,000 after buying an additional 1,965 shares during the last quarter. Eqis Capital Management Inc. acquired a new stake in shares of Wix.Com in the second quarter valued at approximately $207,000. Finally, Penserra Capital Management LLC lifted its position in shares of Wix.Com by 33.3% in the third quarter. Penserra Capital Management LLC now owns 3,044 shares of the information services provider’s stock valued at $132,000 after buying an additional 761 shares during the last quarter. Hedge funds and other institutional investors own 79.23% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was first posted by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/01/04/wix-com-wix-stock-rating-upgraded-by-ubs-group.html.

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)

Receive News & Ratings for Wix.Com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wix.Com and related companies with MarketBeat.com's FREE daily email newsletter.