The stock of Wix.Com Ltd (NASDAQ:WIX) hit a new 52-week high and has $80.03 target or 58.00% above today’s $50.65 share price. The 5 months bullish chart indicates low risk for the $2.23 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $80.03 price target is reached, the company will be worth $1.29 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 204,919 shares traded hands. Wix.Com Ltd (NASDAQ:WIX) has risen 120.60% since April 19, 2016 and is uptrending. It has outperformed by 116.74% the S&P500.
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 firm has “Outperform” rating by RBC Capital Markets given on Thursday, February 11. The company was initiated on Wednesday, October 19 by Cantor Fitzgerald. The stock has “Outperform” rating given by RBC Capital Markets on Thursday, August 6. The stock of Wix.Com Ltd (NASDAQ:WIX) has “Outperform” rating given on Thursday, August 6 by Oppenheimer. The rating was initiated by JMP Securities on Tuesday, November 24 with “Market Outperform”. The stock has “Neutral” rating given by JP Morgan on Wednesday, September 21. The stock of Wix.Com Ltd (NASDAQ:WIX) earned “Outperform” rating by RBC Capital Markets on Thursday, November 5. The stock of Wix.Com Ltd (NASDAQ:WIX) earned “Sector Perform” rating by RBC Capital Markets on Friday, September 23. Deutsche Bank maintained Wix.Com Ltd (NASDAQ:WIX) on Thursday, August 6 with “Hold” rating. The firm earned “Buy” rating on Wednesday, September 2 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 is negative, 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.
Marshall Wace Llp has 11,165 shares for 0% of their US portfolio. Granite Inv Ptnrs Ltd owns 422,834 shares or 1.01% of their US portfolio. Independent Portfolio Consultants holds 590 shares or 0.01% of its portfolio. Wells Fargo Co Mn holds 0% of its portfolio in Wix.Com Ltd (NASDAQ:WIX) for 395 shares. Bnp Paribas Arbitrage holds 349 shares or 0% of its portfolio. Gru One Trading Ltd Partnership has invested 0% of its portfolio in Wix.Com Ltd (NASDAQ:WIX). Bank Of Montreal Can has 434 shares for 0% of their US portfolio. Deere accumulated 0.03% or 17,656 shares. Hbk Lp holds 0.01% of its portfolio in Wix.Com Ltd (NASDAQ:WIX) for 23,498 shares. Moreover, Lmr Prtnrs Limited Liability Partnership has 0.07% invested in Wix.Com Ltd (NASDAQ:WIX) for 14,565 shares. Bluecrest Capital Mgmt last reported 0.02% of its portfolio in the stock. Granahan Investment Mgmt Incorporated Ma accumulated 1.10M shares or 1.22% of the stock. Geode Mngmt Limited Co last reported 0% of its portfolio in the stock. Boothbay Fund Mgmt Lc last reported 0.15% of its portfolio in the stock. Lord Abbett & Llc holds 0.11% or 1.14 million shares in its portfolio.
More important recent Wix.Com Ltd (NASDAQ:WIX) news were published by: Prnewswire.com which released: “Is Your Wix.com Online Store a Slam Dunk to Win an Online Commercial?” on October 27, 2016, also Prnewswire.com published article titled: “Wix.com Launches Wix App Providing a Powerful Mobile Operating System for …”, Prnewswire.com published: “Cover Shoot Of A Lifetime: Three Inspired Wix Photographers Win Chance To …” on August 25, 2016. More interesting news about Wix.Com Ltd (NASDAQ:WIX) was released by: Prnewswire.com and their article: “Wix Launches Pro Gallery And Partners With CondÃ© Nast On Initiative To Support …” with publication date: July 26, 2016.
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.
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