Wix.com (NASDAQ:WIX) Price Target Raised to $205.00

Wix.com (NASDAQ:WIX) had its price target increased by JPMorgan Chase & Co. from $195.00 to $205.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a neutral rating on the information services provider’s stock.

A number of other research analysts have also weighed in on WIX. StockNews.com lowered shares of Wix.com from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Cantor Fitzgerald reissued an “overweight” rating and set a $200.00 price objective on shares of Wix.com in a research report on Monday, October 7th. Barclays decreased their target price on Wix.com from $186.00 to $184.00 and set an “overweight” rating for the company in a research note on Tuesday, October 1st. JMP Securities reaffirmed a “market outperform” rating and issued a $180.00 price target on shares of Wix.com in a research report on Thursday, July 25th. Finally, KeyCorp started coverage on Wix.com in a research report on Thursday, July 25th. They issued a “sector weight” rating for the company. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.44.

Wix.com Stock Down 0.9 %

NASDAQ:WIX opened at $217.20 on Wednesday. The company’s 50 day moving average is $169.52 and its 200-day moving average is $162.14. Wix.com has a 12 month low of $95.65 and a 12 month high of $220.22. The firm has a market cap of $11.91 billion, a price-to-earnings ratio of 136.76, a P/E/G ratio of 3.91 and a beta of 1.47.

Institutional Investors Weigh In On Wix.com

Institutional investors have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd increased its position in shares of Wix.com by 65.1% during the 1st quarter. Quadrature Capital Ltd now owns 22,515 shares of the information services provider’s stock worth $3,095,000 after purchasing an additional 8,879 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Wix.com by 19.5% in 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 in the last quarter. Bayesian Capital Management LP bought a new stake in Wix.com during the 1st quarter worth approximately $779,000. Industrial Alliance Investment Management Inc. increased its holdings in 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 valued at $94,000 after purchasing an additional 488 shares in the last quarter. Finally, Grandeur Peak Global Advisors LLC raised its position in Wix.com by 163.7% in the 1st quarter. Grandeur Peak Global Advisors LLC now owns 3,829 shares of the information services provider’s stock valued at $526,000 after purchasing an additional 2,377 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.