Wix.com Ltd (WIX) Gets a Sell Rating from Rosenblatt Securities

By Jason Carr

Rosenblatt Securities analyst Mark Zgutowicz maintained a Sell rating on Wix.com Ltd (WIXResearch Report) on May 16 and set a price target of $73. The company’s shares closed yesterday at $139.24, close to its 52-week high of $143.82.

According to TipRanks.com, Zgutowicz is a 4-star analyst with an average return of 19.6% and a 58.3% success rate. Zgutowicz covers the Technology sector, focusing on stocks such as Spotify Technology SA, Trade Desk Inc, and Pinterest Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wix.com Ltd with a $140.08 average price target.

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The company has a one-year high of $143.82 and a one-year low of $80.20. Currently, Wix.com Ltd has an average volume of 833K.

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Wix.com Ltd. engages in the provision of web development, design, and management solutions and applications. It provides free design templates for personal and business use, web design and layout tools, web hosting through the Wix domain, applications from the App Market, blog and social network page support, and other marketing and work flow management applications and services. The company also offers eCommerce and appointment applications, and marketing tools such as Google Analytics and mailing lists. Wix.com was founded by Avishai Abrahami, Nadav Abrahami and Giora Kaplan on October 5, 2006 and is headquartered in Tel Aviv, Israel.