Jefferies Financial Group Increases Wix.com (NASDAQ:WIX) Price Target to $160.00

Wix.com (NASDAQ:WIX) had its target price boosted by Jefferies Financial Group from $150.00 to $160.00 in a research report report published on Monday morning, Benzinga reports. They currently have a buy rating on the information services provider’s stock.

Several other analysts have also recently weighed in on WIX. Royal Bank of Canada boosted their price target on Wix.com from $135.00 to $160.00 and gave the stock an outperform rating in a report on Thursday, February 22nd. UBS Group lifted their price objective on Wix.com from $155.00 to $160.00 and gave the stock a buy rating in a research note on Thursday, February 22nd. JMP Securities reaffirmed a market outperform rating and issued a $150.00 price objective on shares of Wix.com in a research note on Tuesday, April 30th. B. Riley lifted their price objective on Wix.com from $120.00 to $141.00 and gave the stock an overweight rating in a research note on Thursday, February 22nd. Finally, Raymond James began coverage on Wix.com in a research note on Wednesday, March 27th. They issued an outperform rating and a $160.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $170.81.

Wix.com Stock Down 1.2 %

Wix.com stock opened at $165.21 on Monday. 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 $132.13 and its two-hundred day moving average price is $123.59. The stock has a market cap of $9.19 billion, a PE ratio of 144.92, a P/E/G ratio of 6.70 and a beta of 1.34.

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

Institutional Investors Weigh In On Wix.com

Several institutional investors have recently bought and sold shares of WIX. Senvest Management LLC grew its holdings in Wix.com by 194.2% during the third quarter. Senvest Management LLC now owns 605,937 shares of the information services provider’s stock worth $55,625,000 after buying an additional 399,944 shares in the last quarter. Clearbridge Investments LLC grew its stake in Wix.com by 43.5% in the 3rd quarter. Clearbridge Investments LLC now owns 1,086,704 shares of the information services provider’s stock valued at $99,759,000 after purchasing an additional 329,561 shares during the period. Shannon River Fund Management LLC bought a new position in Wix.com in the 3rd quarter valued at $29,590,000. Norges Bank bought a new position in Wix.com in the 4th quarter valued at $34,554,000. Finally, Capital Fund Management S.A. grew its stake in Wix.com by 1,378.7% in the 4th quarter. Capital Fund Management S.A. now owns 160,456 shares of the information services provider’s stock valued at $19,739,000 after purchasing an additional 149,605 shares during the period. Institutional investors own 81.52% of the company’s stock.

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; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.