Wix.com (NASDAQ:WIX) Price Target Raised to $236.00

Wix.com (NASDAQ:WIX) had its price target increased by Barclays from $184.00 to $236.00 in a report released on Wednesday,Benzinga reports. They currently have an overweight rating on the information services provider’s stock.

Several other research analysts have also issued reports on the stock. KeyCorp began coverage on shares of Wix.com in a research note on Thursday, July 25th. They set a “sector weight” rating on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 target price on shares of Wix.com in a research note on Monday, October 7th. Benchmark upped their price target on Wix.com from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Piper Sandler upgraded Wix.com from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $184.00 to $200.00 in a report on Monday, September 23rd. Finally, UBS Group boosted their price objective on Wix.com from $200.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $197.38.

Wix.com Price Performance

NASDAQ WIX opened at $210.27 on Wednesday. The stock has a market capitalization of $11.53 billion, a P/E ratio of 166.88, a P/E/G ratio of 3.91 and a beta of 1.47. Wix.com has a one year low of $95.65 and a one year high of $213.86. The business has a 50 day simple moving average of $167.07 and a 200 day simple moving average of $161.41.

Hedge Funds Weigh In On Wix.com

Hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. raised its position in Wix.com by 98.0% in the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after acquiring an additional 98 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Wix.com by 112.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock worth $41,000 after purchasing an additional 130 shares during the period. Industrial Alliance Investment Management Inc. lifted its stake in Wix.com by 246.5% in the first quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock valued at $94,000 after purchasing an additional 488 shares during the last quarter. CWM LLC grew its holdings in Wix.com by 19.0% during the third quarter. CWM LLC now owns 632 shares of the information services provider’s stock valued at $106,000 after purchasing an additional 101 shares during the period. Finally, Toronto Dominion Bank increased its position in Wix.com by 19.0% in the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock worth $124,000 after buying an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 81.52% of the company’s stock.

About Wix.com

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.