Wix.com (NASDAQ:WIX) Given “Buy” Rating at Benchmark

Benchmark reaffirmed their buy rating on shares of Wix.com (NASDAQ:WIX) in a research report released on Wednesday, Benzinga reports. Benchmark currently has a $130.00 target price on the information services provider’s stock.

A number of other brokerages have also issued reports on WIX. Oppenheimer boosted their target price on Wix.com from $110.00 to $120.00 in a research report on Thursday, August 10th. Morgan Stanley raised their price target on shares of Wix.com from $102.00 to $111.00 and gave the company an equal weight rating in a research report on Friday, August 4th. DA Davidson initiated coverage on Wix.com in a research report on Wednesday, July 26th. They issued a buy rating and a $100.00 price target on the stock. Barclays increased their price target on Wix.com from $90.00 to $100.00 and gave the company an equal weight rating in a research report on Friday, August 4th. Finally, StockNews.com initiated coverage on Wix.com in a research report on Thursday, August 17th. They issued a buy rating on the stock. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $113.19.

Wix.com Trading Up 1.7 %

Wix.com stock opened at $96.88 on Wednesday. The stock has a market cap of $5.50 billion, a P/E ratio of -88.07 and a beta of 1.24. Wix.com has a 12-month low of $62.40 and a 12-month high of $102.82. The company has a 50-day moving average price of $87.75 and a 200 day moving average price of $86.19.

Wix.com (NASDAQ:WIX) last issued its quarterly earnings data on Thursday, August 3rd. The information services provider reported $1.26 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.72. The business had revenue of $390.00 million during the quarter, compared to analysts’ expectations of $384.55 million. During the same quarter in the previous year, the company posted ($0.94) earnings per share. The company’s revenue was up 13.0% on a year-over-year basis. As a group, analysts forecast that Wix.com will post -0.27 EPS for the current year.

Institutional Trading of Wix.com

A number of large investors have recently bought and sold shares of WIX. Machina Capital S.A.S. purchased a new stake in shares of Wix.com in the first quarter valued at about $28,000. Desjardins Global Asset Management Inc. purchased a new stake in Wix.com during the 1st quarter valued at approximately $34,000. Quarry LP purchased a new position in shares of Wix.com in the 2nd quarter valued at approximately $29,000. UniSuper Management Pty Ltd acquired a new position in shares of Wix.com in the second quarter valued at approximately $31,000. Finally, Achmea Investment Management B.V. acquired a new position in shares of Wix.com in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 83.91% of the company’s stock.

Wix.com Company Profile

Wix.com Ltd., together with its subsidiaries, develops and markets a cloud-based platform that enables to create a website or web application in North America, Europe, Latin America, Asia, and internationally. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; Wix ADI that enables users to create a website for their specific needs.