Oppenheimer upgraded shares of Wix.com (NASDAQ:WIX – Get Rating) from a market perform rating to an outperform rating in a research report sent to investors on Thursday, MarketBeat Ratings reports. They currently have $110.00 price target on the information services provider's stock.

WIX has been the topic of a number of other reports. Needham & Company LLC reissued a buy rating and issued a $85.00 target price on shares of Wix.com in a research note on Wednesday, June 29th. StockNews.com downgraded shares of Wix.com from a hold rating to a sell rating in a research note on Friday, September 9th. JMP Securities reduced their price target on shares of Wix.com from $130.00 to $100.00 and set a market outperform rating for the company in a research report on Thursday, July 14th. Morgan Stanley boosted their price target on shares of Wix.com from $77.00 to $89.00 and gave the company an equal weight rating in a research report on Thursday, August 11th. Finally, Royal Bank of Canada upped their target price on shares of Wix.com from $75.00 to $80.00 and gave the company a sector perform rating in a report on Thursday, August 11th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $120.38.

Wix.com Trading Down 2.7 %

WIX opened at $78.23 on Thursday. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of -10.39 and a beta of 1.30. The stock's 50 day moving average price is $69.71 and its 200-day moving average price is $73.07. Wix.com has a one year low of $53.12 and a one year high of $207.00. The company has a debt-to-equity ratio of 6.33, a quick ratio of 1.04 and a current ratio of 1.04.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WIX. Ronald Blue Trust Inc. bought a new position in shares of Wix.com during the 2nd quarter worth approximately $38,000. Lindbrook Capital LLC grew its position in Wix.com by 207.0% in the first quarter. Lindbrook Capital LLC now owns 482 shares of the information services provider's stock valued at $50,000 after acquiring an additional 325 shares during the last quarter. UMB Bank N A MO grew its holdings in shares of Wix.com by 78.3% during the first quarter. UMB Bank N A MO now owns 526 shares of the information services provider's stock worth $55,000 after purchasing an additional 231 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Wix.com by 105.1% during the first quarter. Steward Partners Investment Advisory LLC now owns 640 shares of the information services provider's stock worth $67,000 after purchasing an additional 328 shares during the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of Wix.com by 93.5% in the first quarter. Captrust Financial Advisors now owns 681 shares of the information services provider's stock worth $71,000 after acquiring an additional 329 shares during the period. 99.48% of the stock is currently owned by institutional investors and hedge funds.

About Wix.com

(Get Rating)

Wix.com Ltd., together with its subsidiaries, develops and markets a cloud-based platform that enables anyone 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; and Corvid by Wix to create websites and web applications.

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