Wix.Com (WIX) Earns Neutral Rating from Analysts at Macquarie

Macquarie assumed coverage on shares of Wix.Com (NASDAQ:WIX) in a research report report published on Wednesday, March 27th, 24/7 WallStreet reports. The brokerage issued a neutral rating and a $116.00 price objective on the information services provider’s stock.

WIX has been the topic of several other reports. Royal Bank of Canada raised their price objective on Wix.Com to $120.00 and gave the company a positive rating in a research report on Thursday, February 21st. Guggenheim initiated coverage on Wix.Com in a research report on Tuesday, March 19th. They issued a buy rating and a $108.89 price objective on the stock. Zacks Investment Research raised Wix.Com from a hold rating to a buy rating and set a $110.00 price objective on the stock in a research report on Saturday, January 12th. Citigroup assumed coverage on Wix.Com in a research report on Wednesday, December 19th. They issued a buy rating on the stock. Finally, ValuEngine lowered Wix.Com from a strong-buy rating to a buy rating in a research report on Friday, February 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $113.33.

Shares of WIX traded up $0.24 during trading hours on Wednesday, hitting $122.75. The stock had a trading volume of 349,429 shares, compared to its average volume of 597,274. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 2.23. Wix.Com has a 12-month low of $76.05 and a 12-month high of $126.91. The firm has a market capitalization of $6.12 billion, a P/E ratio of -278.98 and a beta of 1.70.

Wix.Com (NASDAQ:WIX) last released its quarterly earnings data on Wednesday, February 20th. The information services provider reported $0.42 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.47. Wix.Com had a negative return on equity of 21.72% and a negative net margin of 6.15%. The company had revenue of $164.20 million for the quarter, compared to analyst estimates of $162.02 million. During the same period last year, the company posted $0.16 earnings per share. The firm’s revenue was up 38.4% compared to the same quarter last year. Sell-side analysts predict that Wix.Com will post -0.47 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Wix.Com by 9.8% in the third quarter. BlackRock Inc. now owns 1,479,454 shares of the information services provider’s stock valued at $177,090,000 after acquiring an additional 132,553 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Wix.Com by 42.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 271,427 shares of the information services provider’s stock valued at $24,520,000 after acquiring an additional 80,891 shares during the period. Granite Investment Partners LLC acquired a new position in Wix.Com in the fourth quarter valued at approximately $953,000. Commerzbank Aktiengesellschaft FI boosted its stake in Wix.Com by 27.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 14,418 shares of the information services provider’s stock valued at $1,303,000 after acquiring an additional 3,100 shares during the period. Finally, Virginia Retirement Systems ET AL acquired a new position in Wix.Com in the fourth quarter valued at approximately $678,000. Institutional investors and hedge funds own 88.04% of the company’s stock.

Wix.Com Company Profile

Wix.com Ltd. develops and markets an Internet service that allows users to create Web content in Latin America, Europe, North America, Asia, and internationally. It offers Web development, design, and management solutions and apps through an online platform that enables its user base of businesses, organizations, professionals, and individuals to create a digital presence.

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Analyst Recommendations for Wix.Com (NASDAQ:WIX)

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