Wix.com (WIX) Getting Somewhat Positive Press Coverage, Study Finds

News coverage about Wix.com (NASDAQ:WIX) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Wix.com earned a news impact score of 0.12 on Accern’s scale. Accern also gave media coverage about the information services provider an impact score of 46.014352812857 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Shares of Wix.com (NASDAQ:WIX) opened at 65.30 on Monday. Wix.com has a 52-week low of $38.65 and a 52-week high of $86.15. The firm’s market capitalization is $2.96 billion. The company has a 50 day moving average of $63.31 and a 200 day moving average of $69.75.

Wix.com (NASDAQ:WIX) last issued its earnings results on Thursday, July 27th. The information services provider reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.16. The firm had revenue of $103.50 million during the quarter, compared to the consensus estimate of $101.93 million. Wix.com’s revenue for the quarter was up 50.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.09) EPS. On average, analysts anticipate that Wix.com will post $0.24 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on the stock. BidaskClub raised shares of Wix.com from a “sell” rating to a “hold” rating in a research note on Thursday, August 31st. Jefferies Group LLC assumed coverage on shares of Wix.com in a research note on Thursday, August 24th. They set a “buy” rating and a $74.00 price target on the stock. KeyCorp set a $88.00 price target on shares of Wix.com and gave the stock a “buy” rating in a research note on Monday, August 21st. Zacks Investment Research cut shares of Wix.com from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Finally, SunTrust Banks, Inc. assumed coverage on shares of Wix.com in a research note on Tuesday, August 15th. They set a “buy” rating and a $73.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $73.30.

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Wix.com Company Profile

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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