Stock Mover of The Day: What’s Next for Wix.Com Ltd After Today’s Big Increase?

Stock Mover of The Day: What's Next for Wix.Com Ltd After Today's Big Increase?

The stock of Wix.Com Ltd (NASDAQ:WIX) is a huge mover today! About 535,114 shares traded hands or 78.28% up from the average. Wix.Com Ltd (NASDAQ:WIX) has risen 101.61% since April 8, 2016 and is uptrending. It has outperformed by 95.96% the S&P500.
The move comes after 6 months positive chart setup for the $2.02 billion company. It was reported on Nov, 10 by Barchart.com. We have $65.14 PT which if reached, will make NASDAQ:WIX worth $727.20M 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 firm has “Hold” rating given on Thursday, August 6 by Deutsche Bank. 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 “Sector Perform” rating by RBC Capital Markets on Friday, September 23. Cantor Fitzgerald initiated Wix.Com Ltd (NASDAQ:WIX) on Wednesday, October 19 with “Buy” rating. On Wednesday, September 2 the stock rating was upgraded by Deutsche Bank to “Buy”. The company was maintained on Thursday, August 6 by RBC Capital Markets. The rating was initiated by JMP Securities with “Market Outperform” on Tuesday, November 24. As per Wednesday, September 21, the company rating was downgraded by JP Morgan. Oppenheimer maintained Wix.Com Ltd (NASDAQ:WIX) rating on Thursday, August 6. Oppenheimer has “Outperform” rating and $30 price target. RBC Capital Markets maintained it with “Outperform” rating and $35 target price in Thursday, February 11 report.

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 increased to 1.67 in 2016 Q2. Its up 0.69, from 0.98 in 2016Q1. The ratio improved, 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.
Cubist Systematic Strategies Ltd Liability Corporation has invested 0% of its portfolio in Wix.Com Ltd (NASDAQ:WIX). Grandeur Peak Advsrs Lc accumulated 206,500 shares or 0.84% of the stock. Steadfast Advsr Limited Partnership, a New York-based fund reported 110,209 shares. Walleye Trading Ltd has 0% invested in the company for 825 shares. New York State Common Retirement Fund reported 49,913 shares or 0% of all its holdings. Connor Clark And Lunn Mgmt Limited last reported 0.01% of its portfolio in the stock. Spark Limited Co has 0.07% invested in the company for 25,800 shares. Moreover, Independent Portfolio Consultants has 0.01% invested in Wix.Com Ltd (NASDAQ:WIX) for 590 shares. Citadel Advisors Limited Liability Company reported 7,178 shares or 0% of all its holdings. The New York-based Clearbridge Ltd Limited Liability Company has invested 0.02% in Wix.Com Ltd (NASDAQ:WIX). Fmr Limited Liability Corporation holds 0.02% of its portfolio in Wix.Com Ltd (NASDAQ:WIX) for 3.90M shares. Menta Capital Lc has invested 0.65% of its portfolio in Wix.Com Ltd (NASDAQ:WIX). Bnp Paribas Arbitrage accumulated 349 shares or 0% of the stock. Baillie Gifford holds 0.07% or 1.31M shares in its portfolio. Tudor Et Al last reported 9,600 shares in the company.

More 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 the news titled: “Wix.com Launches Wix App Providing a Powerful Mobile Operating System for …” on October 05, 2016. Prnewswire.com‘s news article titled: “Cover Shoot Of A Lifetime: Three Inspired Wix Photographers Win Chance To …” with publication date: August 25, 2016 was also an interesting one.

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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