Wix.com (NASDAQ:WIX) Price Target Raised to $215.00

Wix.com (NASDAQ:WIX) had its price objective lifted by Robert W. Baird from $175.00 to $215.00 in a report published on Monday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the information services provider’s stock.

Several other equities analysts have also recently issued reports on WIX. B. Riley raised their price objective on Wix.com from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. UBS Group raised their price target on shares of Wix.com from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Cantor Fitzgerald boosted their price objective on shares of Wix.com from $200.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Benchmark raised their target price on shares of Wix.com from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Piper Sandler upped their target price on Wix.com from $200.00 to $249.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Wix.com currently has an average rating of “Moderate Buy” and a consensus target price of $210.71.

Wix.com Stock Down 1.6 %

Shares of Wix.com stock opened at $218.91 on Monday. The business has a 50-day moving average price of $173.31 and a 200 day moving average price of $164.81. Wix.com has a fifty-two week low of $97.07 and a fifty-two week high of $224.33. The firm has a market cap of $12.00 billion, a P/E ratio of 139.03, a P/E/G ratio of 4.30 and a beta of 1.47.

Institutional Trading of Wix.com

A number of institutional investors have recently made changes to their positions in WIX. Dorsal Capital Management LP raised its holdings in Wix.com by 23.8% during the second quarter. Dorsal Capital Management LP now owns 1,300,000 shares of the information services provider’s stock worth $206,791,000 after purchasing an additional 250,000 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of Wix.com by 2.9% in the 2nd quarter. Clearbridge Investments LLC now owns 1,197,474 shares of the information services provider’s stock worth $190,482,000 after buying an additional 33,338 shares in the last quarter. Senvest Management LLC lifted its holdings in shares of Wix.com by 4.7% in the third quarter. Senvest Management LLC now owns 1,118,081 shares of the information services provider’s stock valued at $186,910,000 after buying an additional 50,482 shares during the period. Renaissance Technologies LLC raised its position in Wix.com by 27.9% in the second quarter. Renaissance Technologies LLC now owns 785,649 shares of the information services provider’s stock worth $124,973,000 after acquiring an additional 171,500 shares in the last quarter. Finally, Whale Rock Capital Management LLC lifted its holdings in Wix.com by 31.6% in the 3rd quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider’s stock valued at $115,475,000 after acquiring an additional 165,810 shares during the last quarter. 81.52% of the stock is owned by institutional investors and hedge funds.

Wix.com Company Profile

Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.