Wix.Com’s (WIX) Sell Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reaffirmed their sell rating on shares of Wix.Com (NASDAQ:WIX) in a research report sent to investors on Thursday, AnalystRatings.com reports. Rosenblatt Securities currently has a $93.00 price target on the information services provider’s stock.

Other analysts also recently issued reports about the stock. SunTrust Banks reiterated a buy rating and issued a $168.00 price target on shares of Wix.Com in a report on Friday, September 27th. Wedbush lifted their price target on shares of Wix.Com from $152.00 to $180.00 and gave the company an outperform rating in a report on Thursday, July 25th. Deutsche Bank lifted their price target on shares of Wix.Com from $135.00 to $172.00 and gave the company a buy rating in a report on Thursday, July 25th. Royal Bank of Canada lifted their price objective on shares of Wix.Com to $166.00 and gave the stock an outperform rating in a research note on Thursday, July 25th. Finally, Barclays dropped their price objective on shares of Wix.Com from $170.00 to $150.00 and set an overweight rating for the company in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $144.93.

WIX stock traded up $5.17 on Thursday, hitting $130.37. The company had a trading volume of 866,800 shares, compared to its average volume of 535,237. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 2.02. The stock has a market cap of $6.24 billion, a price-to-earnings ratio of -296.30 and a beta of 1.51. The stock’s 50-day simple moving average is $122.80 and its 200 day simple moving average is $135.97. Wix.Com has a 12-month low of $80.20 and a 12-month high of $155.75.

Wix.Com (NASDAQ:WIX) last announced its quarterly earnings results on Thursday, November 14th. The information services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.75. The company had revenue of $196.79 million for the quarter, compared to the consensus estimate of $197.70 million. Wix.Com had a negative net margin of 9.80% and a negative return on equity of 25.42%. Wix.Com’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 EPS. Research analysts forecast that Wix.Com will post -1.22 earnings per share for the current year.

Several large investors have recently modified their holdings of WIX. Captrust Financial Advisors purchased a new position in shares of Wix.Com during the 2nd quarter worth about $28,000. Coastal Investment Advisors Inc. purchased a new position in shares of Wix.Com during the 3rd quarter worth about $32,000. Dupont Capital Management Corp purchased a new position in shares of Wix.Com during the 3rd quarter worth about $47,000. Flinton Capital Management LLC boosted its stake in shares of Wix.Com by 29.4% during the 2nd quarter. Flinton Capital Management LLC now owns 352 shares of the information services provider’s stock worth $50,000 after purchasing an additional 80 shares during the period. Finally, Riverhead Capital Management LLC boosted its stake in shares of Wix.Com by 75.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 350 shares of the information services provider’s stock worth $50,000 after purchasing an additional 150 shares during the period. 85.32% of the stock is owned by institutional investors and hedge funds.

About Wix.Com

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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