Wix.com (NASDAQ:WIX) PT Raised to $195.00

Wix.com (NASDAQ:WIXGet Free Report) had its price target boosted by equities researchers at JPMorgan Chase & Co. from $148.00 to $195.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the information services provider’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 20.18% from the stock’s current price.

A number of other analysts have also recently issued reports on the stock. Benchmark increased their price objective on shares of Wix.com from $175.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Oppenheimer increased their price objective on shares of Wix.com from $160.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 21st. Royal Bank of Canada upped their target price on shares of Wix.com from $160.00 to $190.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 21st. JMP Securities upped their target price on shares of Wix.com from $150.00 to $180.00 and gave the stock a “market outperform” rating in a research report on Tuesday, May 21st. Finally, B. Riley upped their target price on shares of Wix.com from $154.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Wix.com has an average rating of “Moderate Buy” and a consensus price target of $172.24.

Get Our Latest Stock Report on Wix.com

Wix.com Price Performance

Shares of NASDAQ WIX opened at $162.25 on Wednesday. The firm has a fifty day moving average price of $135.47 and a 200-day moving average price of $126.59. The stock has a market cap of $9.28 billion, a PE ratio of 142.33, a price-to-earnings-growth ratio of 6.40 and a beta of 1.34. Wix.com has a 1 year low of $73.39 and a 1 year high of $174.09.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in WIX. HighMark Wealth Management LLC acquired a new stake in Wix.com in the 4th quarter worth approximately $26,000. Northwest Bank & Trust Co acquired a new position in shares of Wix.com during the 4th quarter valued at about $26,000. Fidelis Capital Partners LLC acquired a new position in Wix.com in the first quarter valued at about $37,000. Headlands Technologies LLC purchased a new stake in Wix.com during the third quarter worth about $45,000. Finally, Industrial Alliance Investment Management Inc. increased its stake in Wix.com by 246.5% during the first 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 during the period. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wix.com Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Wix.com (NASDAQ:WIX)

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