Wix.com's (WIX) "Market Outperform" Rating Reaffirmed at JMP Securities

Wix.com (NASDAQ:WIX - Get Free Report)'s stock had its "market outperform" rating reaffirmed by JMP Securities in a research report issued on Tuesday,Benzinga reports. They presently have a $240.00 price objective on the information services provider's stock. JMP Securities' price target points to a potential upside of 21.14% from the company's previous close.

Several other analysts have also recently issued reports on WIX. Bank of America upped their price objective on Wix.com from $190.00 to $228.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Cantor Fitzgerald upped their price target on Wix.com from $200.00 to $240.00 and gave the company an "overweight" rating in a research report on Thursday, November 21st. StockNews.com upgraded Wix.com from a "hold" rating to a "buy" rating in a research note on Saturday, November 23rd. Needham & Company LLC reiterated a "buy" rating and set a $200.00 target price on shares of Wix.com in a research note on Wednesday, November 20th. Finally, Raymond James raised shares of Wix.com from an "outperform" rating to a "strong-buy" rating and increased their target price for the stock from $225.00 to $300.00 in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Wix.com has a consensus rating of "Moderate Buy" and an average target price of $245.83.

Wix.com Price Performance

WIX traded down $5.54 on Tuesday, reaching $198.11. The company's stock had a trading volume of 919,681 shares, compared to its average volume of 851,602. Wix.com has a 1 year low of $117.58 and a 1 year high of $247.11. The business's 50 day moving average is $226.20 and its 200 day moving average is $193.31. The stock has a market cap of $10.86 billion, a price-to-earnings ratio of 84.30, a price-to-earnings-growth ratio of 2.42 and a beta of 1.58.

Institutional Trading of Wix.com

A number of large investors have recently made changes to their positions in WIX. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Wix.com by 23.1% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 263,534 shares of the information services provider's stock valued at $44,055,000 after buying an additional 49,500 shares in the last quarter. Toth Financial Advisory Corp acquired a new position in Wix.com in the 3rd quarter worth $661,000. BNP Paribas Financial Markets increased its holdings in Wix.com by 60.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 30,393 shares of the information services provider's stock worth $5,081,000 after purchasing an additional 11,497 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of Wix.com in the fourth quarter valued at about $256,000. Finally, Cumberland Partners Ltd grew its holdings in shares of Wix.com by 18.8% during the third quarter. Cumberland Partners Ltd now owns 19,000 shares of the information services provider's stock worth $3,176,000 after buying an additional 3,000 shares in the last quarter. Institutional investors own 81.52% of the company's stock.

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.