KeyCorp initiated coverage on shares of Wix.com (NASDAQ:WIX – Free Report) in a report issued on Thursday morning, StockNewsAPI reports. The firm issued a sector weight rating on the information services provider’s stock.
A number of other research analysts have also recently issued reports on the company. Oppenheimer lifted their price objective on Wix.com from $160.00 to $200.00 and gave the company an outperform rating in a report on Tuesday, May 21st. B. Riley lifted their price objective on Wix.com from $154.00 to $180.00 and gave the company a buy rating in a report on Tuesday, May 21st. JMP Securities lifted their price objective on Wix.com from $150.00 to $180.00 and gave the company a market outperform rating in a report on Tuesday, May 21st. Needham & Company LLC reaffirmed a buy rating and issued a $160.00 price target on shares of Wix.com in a report on Monday, May 20th. Finally, UBS Group lifted their price target on Wix.com from $160.00 to $200.00 and gave the company a buy rating in a report on Tuesday, May 21st. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $180.31.
Check Out Our Latest Stock Report on WIX
Wix.com Price Performance
Wix.com (NASDAQ:WIX – Get Free Report) last issued its quarterly earnings data on Monday, May 20th. The information services provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.18. The company had revenue of $419.78 million during the quarter, compared to analysts’ expectations of $417.71 million. Wix.com had a negative return on equity of 59.67% and a net margin of 4.20%. On average, equities research analysts expect that Wix.com will post 1.91 EPS for the current fiscal year.
Hedge Funds Weigh In On Wix.com
Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC grew its position in shares of Wix.com by 416.5% during the 1st quarter. SG Americas Securities LLC now owns 80,455 shares of the information services provider’s stock worth $11,061,000 after buying an additional 64,878 shares during the period. Norges Bank acquired a new position in shares of Wix.com during the 4th quarter worth about $34,554,000. Clearbridge Investments LLC grew its position in shares of Wix.com by 5.3% during the 4th quarter. Clearbridge Investments LLC now owns 1,143,794 shares of the information services provider’s stock worth $140,710,000 after buying an additional 57,090 shares during the period. Crescent Park Management L.P. grew its position in shares of Wix.com by 16.5% in the 4th quarter. Crescent Park Management L.P. now owns 106,886 shares of the information services provider’s stock valued at $13,149,000 after purchasing an additional 15,131 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Wix.com by 36.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 31,406 shares of the information services provider’s stock valued at $4,318,000 after purchasing an additional 8,422 shares during the period. 81.52% of the stock is currently owned by institutional investors and hedge funds.
Wix.com Company Profile
Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.
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