Today’s Stock On Watch: A Reversal for Wix.Com Ltd Is Not Near. The Stock Rises Again

Today's Stock On Watch: A Reversal for Wix.Com Ltd Is Not Near. The Stock Rises Again

The stock of Wix.Com Ltd (NASDAQ:WIX) is a huge mover today! About 162,783 shares traded hands. Wix.Com Ltd (NASDAQ:WIX) has risen 112.45% since April 18, 2016 and is uptrending. It has outperformed by 108.02% the S&P500.
The move comes after 9 months positive chart setup for the $2.10 billion company. It was reported on Nov, 18 by Barchart.com. We have $65.21 PT which if reached, will make NASDAQ:WIX worth $609.00 million more.

Wix.Com Ltd (NASDAQ:WIX) Ratings Coverage

Out of 5 analysts covering Wix.com (NASDAQ:WIX), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Wix.com has been the topic of 11 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, February 11. RBC Capital Markets maintained Wix.Com Ltd (NASDAQ:WIX) on Thursday, August 6 with “Outperform” rating. Cantor Fitzgerald initiated Wix.Com Ltd (NASDAQ:WIX) on Wednesday, October 19 with “Buy” rating. On Friday, September 23 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. The stock of Wix.Com Ltd (NASDAQ:WIX) earned “Outperform” rating by Oppenheimer on Thursday, August 6. The rating was downgraded by JP Morgan on Wednesday, September 21 to “Neutral”. RBC Capital Markets maintained it with “Outperform” rating and $36 target price in Thursday, November 5 report. The stock of Wix.Com Ltd (NASDAQ:WIX) earned “Buy” rating by Deutsche Bank on Wednesday, September 2. The stock has “Market Outperform” rating given by JMP Securities on Tuesday, November 24. The firm earned “Hold” rating on Thursday, August 6 by Deutsche Bank.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment decreased to 1.43 in Q2 2016. Its down 0.24, from 1.67 in 2016Q1. The ratio dived, as 16 funds sold all Wix.Com Ltd shares owned while 23 reduced positions. 27 funds bought stakes while 38 increased positions. They now own 24.99 million shares or 5.64% more from 23.65 million shares in 2016Q1.
Ion Asset Mgmt accumulated 411,633 shares or 5.89% of the stock. Pnc Gru holds 0% or 478 shares in its portfolio. Goldman Sachs Incorporated reported 182,201 shares or 0% of all its holdings. Tiaa Cref Investment Limited Liability Com, a New York-based fund reported 71,652 shares. Vanguard Grp Inc has 410,589 shares for 0% of their US portfolio. Moreover, Menta Cap Lc has 0.65% invested in Wix.Com Ltd (NASDAQ:WIX) for 155,876 shares. Moreover, State Street Corp has 0% invested in Wix.Com Ltd (NASDAQ:WIX) for 74,330 shares. Swiss National Bank owns 46,300 shares or 0% of their US portfolio. Marshall Wace Llp has 11,165 shares for 0% of their US portfolio. Nicholas Investment Partners L P reported 172,663 shares or 0.36% of all its holdings. Airain Ltd, a Guernsey-based fund reported 16,105 shares. Moreover, Geode Ltd Liability Company has 0% invested in Wix.Com Ltd (NASDAQ:WIX) for 37,719 shares. Jane Street Grp Incorporated Ltd Com holds 0% of its portfolio in Wix.Com Ltd (NASDAQ:WIX) for 16,750 shares. The Texas-based United Services Automobile Association has invested 0.01% in Wix.Com Ltd (NASDAQ:WIX). Moreover, Northern Corporation has 0% invested in Wix.Com Ltd (NASDAQ:WIX) for 165,752 shares.

More news for Wix.Com Ltd (NASDAQ:WIX) were recently published by: Prnewswire.com, which released: “Is Your Wix.com Online Store a Slam Dunk to Win an Online Commercial?” on October 27, 2016. Prnewswire.com‘s article titled: “Wix.com Launches Wix App Providing a Powerful Mobile Operating System for …” and published on October 05, 2016 is yet another important article.

WIX Company Profile

Wix.com Ltd. (Wix), incorporated on October 5, 2006, is a Web development platform enabling businesses and organizations to take businesses, brands and workflow online. The Firm 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. These applications provide Wix registered users a bespoke front-end for clients visiting their Website, as well as a back-end management dashboard. The Firm has developed these software applications for businesses in specific verticals, including retail and online stores, hotel and property management, music and restaurants. These vertical applications are integrated into the Company’s Website templates or can be installed on any existing Website and set up by the user and without the need to write code. The Firm offers its platform in various languages, including English, French, Spanish, Portuguese, Italian, Russian, German, Japanese, Korean, Polish, Dutch, Turkish, Hindi, Norwegian, Swedish and Danish.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment