Cantor Fitzgerald Issues Positive Forecast for Wix.com (NASDAQ:WIX) Stock Price

Wix.com (NASDAQ:WIX) had its target price increased by Cantor Fitzgerald from $260.00 to $270.00 in a report issued on Thursday morning,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the information services provider’s stock.

Several other equities analysts have also weighed in on WIX. JPMorgan Chase & Co. dropped their price objective on shares of Wix.com from $205.00 to $189.00 and set a “neutral” rating on the stock in a research report on Wednesday. Benchmark increased their price objective on shares of Wix.com from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday. StockNews.com raised shares of Wix.com from a “hold” rating to a “buy” rating in a research report on Saturday, November 23rd. Jefferies Financial Group raised their price target on shares of Wix.com from $225.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $240.00 price target on shares of Wix.com in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Wix.com currently has a consensus rating of “Moderate Buy” and an average price target of $245.11.

Wix.com Price Performance

Shares of WIX stock opened at $203.65 on Thursday. The stock has a market cap of $11.16 billion, a P/E ratio of 127.28, a P/E/G ratio of 2.54 and a beta of 1.58. The company has a fifty day moving average price of $226.63 and a two-hundred day moving average price of $192.98. Wix.com has a one year low of $117.58 and a one year high of $247.11.

Hedge Funds Weigh In On Wix.com

Several hedge funds have recently bought and sold shares of the company. Cullen Frost Bankers Inc. boosted its stake in shares of Wix.com by 9.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 608 shares of the information services provider’s stock valued at $130,000 after purchasing an additional 55 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Wix.com by 28.3% in the 4th quarter. Blue Trust Inc. now owns 254 shares of the information services provider’s stock valued at $54,000 after purchasing an additional 56 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of Wix.com by 36.0% in the 4th quarter. Global Retirement Partners LLC now owns 219 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 58 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Wix.com by 2.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,338 shares of the information services provider’s stock valued at $502,000 after purchasing an additional 63 shares in the last quarter. Finally, Vestcor Inc boosted its stake in shares of Wix.com by 8.0% in the 4th quarter. Vestcor Inc now owns 853 shares of the information services provider’s stock valued at $183,000 after purchasing an additional 63 shares in the last quarter. 81.52% of the stock is owned by institutional investors.

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.