Recent Investment Analysts’ Ratings Changes for Wix.com (WIX)

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

• 8/9/2017 – Wix.com was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
• 8/4/2017 – Wix.com was downgraded by analysts at Zacks Investment Research from a “buy” 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. “
• 8/2/2017 – Wix.com had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $77.00 price target on the stock.
• 7/28/2017 – Wix.com had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada.
• 7/26/2017 – Wix.com was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $82.00 price target on the stock. 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. “
• 7/24/2017 – Wix.com is now covered by analysts at KeyCorp. They set an “overweight” rating on the stock.
• 7/23/2017 – Wix.com is now covered by analysts at KeyCorp. They set an “overweight” rating and a $88.00 price target on the stock. They wrote, “We see an opportunity for conversion to benefit from the more robust functionality and retention to lift as applications built on top of the platform would increase stickiness. The product is not, however, incorporated into guidance or our estimates and could therefore yield upside when officially rolled out.””
• 7/13/2017 – 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. “
• 7/5/2017 – Wix.com was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
• 6/27/2017 – Wix.com was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
• 6/22/2017 – Wix.com is now covered by analysts at Wedbush. They set an “outperform” rating and a $86.00 price target on the stock.
• 6/13/2017 – Wix.com was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Shares of Wix.com Ltd. (NASDAQ WIX) traded up 1.41% during mid-day trading on Friday, hitting $57.70. The stock had a trading volume of 520,119 shares. The stock’s 50-day moving average price is $69.27 and its 200 day moving average price is $68.75. The company’s market capitalization is $2.62 billion. Wix.com Ltd. has a 1-year low of $37.31 and a 1-year high of $86.15.

Wix.com (NASDAQ:WIX) last posted its quarterly earnings results on Thursday, July 27th. The information services provider reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.16. The firm had revenue of $103.50 million during the quarter, compared to the consensus estimate of $101.93 million. During the same period in the prior year, the business earned ($0.09) earnings per share. The business’s quarterly revenue was up 50.7% compared to the same quarter last year. On average, analysts predict that Wix.com Ltd. will post $0.25 EPS for the current fiscal 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.