Shares of Wix.Com Ltd (NASDAQ:WIX) shot up 6.5% during mid-day trading on Thursday . The company traded as high as $62.85 and last traded at $62.10. 1,044,762 shares traded hands during mid-day trading, an increase of 24% from the average session volume of 842,921 shares. The stock had previously closed at $58.30.
WIX has been the subject of several recent research reports. Zacks Investment Research lowered Wix.Com from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. KeyCorp reiterated an “overweight” rating on shares of Wix.Com in a report on Wednesday, November 8th. Barclays cut their price objective on Wix.Com from $77.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, November 9th. UBS Group upgraded Wix.Com from an “outperform” rating to a “strong-buy” rating in a report on Thursday. Finally, BidaskClub upgraded Wix.Com from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $77.53.
The stock has a market cap of $2,780.00, a PE ratio of -47.76 and a beta of 2.25. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.
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Wix.com Ltd. (Wix) is a Web development platform enabling businesses and organizations to take businesses, brands and workflow online. The Company 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.
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