Wix.com (NASDAQ:WIX) Upgraded at StockNews.com

Wix.com (NASDAQ:WIX) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other research analysts also recently commented on WIX. Benchmark lifted their target price on shares of Wix.com from $175.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday. Piper Sandler cut shares of Wix.com from an “overweight” rating to a “neutral” rating and upped their target price for the company from $165.00 to $184.00 in a report on Tuesday. B. Riley increased their target price on Wix.com from $154.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday. Barclays boosted their price target on shares of Wix.com from $160.00 to $184.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Jefferies Financial Group increased their price objective on shares of Wix.com from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, May 20th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $170.81.

Wix.com Trading Up 2.9 %

NASDAQ WIX opened at $170.00 on Friday. Wix.com has a 12 month low of $73.39 and a 12 month high of $174.09. The business’s 50-day moving average price is $132.67 and its two-hundred day moving average price is $123.88. The firm has a market capitalization of $9.72 billion, a PE ratio of 149.12, a price-to-earnings-growth ratio of 6.48 and a beta of 1.34.

Wix.com (NASDAQ:WIX) last posted its quarterly earnings results on Wednesday, February 21st. The information services provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.24. The company had revenue of $403.80 million for the quarter, compared to analyst estimates of $416.87 million. Wix.com had a net margin of 4.20% and a negative return on equity of 59.67%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.42) earnings per share. As a group, analysts forecast that Wix.com will post 1.16 earnings per share for the current fiscal year.

Institutional Trading of Wix.com

Institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP raised its stake in Wix.com by 10.7% during the fourth quarter. Wellington Management Group LLP now owns 1,210,715 shares of the information services provider’s stock worth $148,942,000 after purchasing an additional 117,146 shares during the period. Clearbridge Investments LLC lifted its holdings in Wix.com by 1.8% in the first quarter. Clearbridge Investments LLC now owns 1,164,136 shares of the information services provider’s stock valued at $160,045,000 after acquiring an additional 20,342 shares during the period. Senvest Management LLC grew its holdings in shares of Wix.com by 27.4% in the 4th quarter. Senvest Management LLC now owns 772,191 shares of the information services provider’s stock worth $94,995,000 after acquiring an additional 166,254 shares during the period. Sei Investments Co. lifted its holdings in shares of Wix.com by 8.2% in the third quarter. Sei Investments Co. now owns 539,018 shares of the information services provider’s stock valued at $49,482,000 after purchasing an additional 40,831 shares in the last quarter. Finally, Shannon River Fund Management LLC purchased a new stake in shares of Wix.com during the third quarter worth about $29,590,000. 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.