Analysts Set Wix.com Ltd. (NASDAQ:WIX) PT at $139.53

Shares of Wix.com Ltd. (NASDAQ:WIX) have been given an average rating of “Moderate Buy” by the fourteen analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $139.53.

A number of analysts recently commented on the company. StockNews.com lowered Wix.com from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Raymond James began coverage on Wix.com in a research report on Wednesday, March 27th. They issued an “outperform” rating and a $160.00 price objective for the company. Needham & Company LLC restated a “buy” rating and set a $150.00 target price on shares of Wix.com in a research report on Wednesday, February 21st. Benchmark lifted their price objective on Wix.com from $132.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Finally, B. Riley boosted their target price on Wix.com from $120.00 to $141.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd.

Wix.com Price Performance

Shares of WIX stock opened at $131.23 on Monday. The stock has a market cap of $7.30 billion, a P/E ratio of 238.60, a price-to-earnings-growth ratio of 4.64 and a beta of 1.33. Wix.com has a one year low of $73.39 and a one year high of $146.21. The stock has a fifty day moving average price of $135.19 and a 200 day moving average price of $114.49.

Wix.com (NASDAQ:WIX) last issued its quarterly earnings data on Wednesday, February 21st. The information services provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.24. Wix.com had a negative return on equity of 40.56% and a net margin of 2.12%. The company had revenue of $403.80 million during the quarter, compared to analysts’ expectations of $416.87 million. During the same period last year, the business earned ($0.42) earnings per share. The business’s revenue was up 13.7% on a year-over-year basis. Equities research analysts anticipate that Wix.com will post 1.16 EPS for the current year.

Institutional Trading of Wix.com

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in Wix.com by 2.9% in the first quarter. BlackRock Inc. now owns 3,800,140 shares of the information services provider’s stock valued at $379,254,000 after purchasing an additional 106,217 shares during the last quarter. Wellington Management Group LLP raised its position in Wix.com by 10.7% in the fourth quarter. Wellington Management Group LLP now owns 1,210,715 shares of the information services provider’s stock valued at $148,942,000 after purchasing an additional 117,146 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of Wix.com by 5.3% in the fourth quarter. Clearbridge Investments LLC now owns 1,143,794 shares of the information services provider’s stock valued at $140,710,000 after buying an additional 57,090 shares during the period. Millennium Management LLC increased its stake in shares of Wix.com by 139.8% in the fourth quarter. Millennium Management LLC now owns 895,821 shares of the information services provider’s stock valued at $68,826,000 after buying an additional 522,264 shares during the period. Finally, Senvest Management LLC increased its stake in shares of Wix.com by 27.4% in the fourth quarter. Senvest Management LLC now owns 772,191 shares of the information services provider’s stock valued at $94,995,000 after buying an additional 166,254 shares during the period. 81.52% of the stock is currently 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; Wix ADI that enables users to have the freedom of customization that the classic editor offers.