Wix.com (NASDAQ:WIX - Free Report) had its price target raised by JPMorgan Chase & Co. from $195.00 to $205.00 in a research note released on Wednesday,Benzinga reports. They currently have a neutral rating on the information services provider's stock.
Several other equities analysts have also recently issued reports on WIX. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $200.00 price objective on shares of Wix.com in a research report on Monday, October 7th. Needham & Company LLC reaffirmed a "buy" rating and issued a $200.00 price objective on shares of Wix.com in a research report on Wednesday. UBS Group upped their price objective on Wix.com from $200.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, August 8th. JMP Securities reaffirmed a "market outperform" rating and issued a $180.00 price objective on shares of Wix.com in a research report on Thursday, July 25th. Finally, Evercore ISI raised Wix.com to a "strong-buy" rating in a report on Monday, August 5th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Wix.com presently has an average rating of "Moderate Buy" and a consensus target price of $197.38.
Read Our Latest Stock Report on WIX
Wix.com Trading Up 14.3 %
Shares of WIX stock traded up $26.32 during midday trading on Wednesday, reaching $210.27. 2,684,970 shares of the stock were exchanged, compared to its average volume of 552,918. Wix.com has a 1 year low of $95.65 and a 1 year high of $213.86. The company's 50 day moving average is $167.07 and its two-hundred day moving average is $161.41. The firm has a market cap of $11.53 billion, a PE ratio of 166.88, a price-to-earnings-growth ratio of 3.84 and a beta of 1.47.
Institutional Investors Weigh In On Wix.com
A number of institutional investors have recently bought and sold shares of WIX. Quadrature Capital Ltd increased its stake in shares of Wix.com by 65.1% in the 1st quarter. Quadrature Capital Ltd now owns 22,515 shares of the information services provider's stock valued at $3,095,000 after acquiring an additional 8,879 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Wix.com by 19.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,401 shares of the information services provider's stock worth $1,431,000 after acquiring an additional 1,696 shares during the last quarter. Bayesian Capital Management LP bought a new stake in shares of Wix.com during the 1st quarter worth approximately $779,000. Industrial Alliance Investment Management Inc. raised its stake in shares of Wix.com by 246.5% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider's stock worth $94,000 after purchasing an additional 488 shares in the last quarter. Finally, Grandeur Peak Global Advisors LLC raised its stake in shares of Wix.com by 163.7% during the 1st quarter. Grandeur Peak Global Advisors LLC now owns 3,829 shares of the information services provider's stock worth $526,000 after purchasing an additional 2,377 shares in the last quarter. Institutional investors and hedge funds own 81.52% of the company's stock.
Wix.com Company Profile
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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.
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