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

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

Several other research analysts have also recently issued reports on the stock. Needham & Company LLC reiterated a buy rating and issued a $160.00 price objective on shares of Wix.com in a report on Monday. StockNews.com cut shares of Wix.com from a buy rating to a hold rating in a report on Friday, May 17th. JMP Securities restated a market outperform rating and set a $150.00 target price on shares of Wix.com in a report on Tuesday, April 30th. Barclays raised their target price on shares of Wix.com from $147.00 to $160.00 and gave the stock an overweight rating in a report on Thursday, February 22nd. Finally, Royal Bank of Canada raised their target price on shares of Wix.com from $135.00 to $160.00 and gave the stock an outperform rating in a report on Thursday, February 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Wix.com has an average rating of Moderate Buy and a consensus price target of $170.81.

Wix.com Price Performance

Wix.com stock opened at $165.21 on Monday. The firm has a 50 day simple moving average of $132.13 and a 200-day simple moving average of $123.59. The stock has a market capitalization of $9.19 billion, a PE ratio of 144.92, a price-to-earnings-growth ratio of 6.70 and a beta of 1.34. Wix.com has a 12-month low of $73.39 and a 12-month high of $174.09.

Wix.com (NASDAQ:WIX) last posted its quarterly earnings data 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 business had revenue of $403.80 million during the quarter, compared to analysts’ expectations of $416.87 million. Wix.com had a net margin of 4.20% and a negative return on equity of 59.67%. The business’s revenue was up 13.7% on a year-over-year basis. During the same period last year, the firm posted ($0.42) earnings per share. On average, analysts forecast that Wix.com will post 1.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WIX. HighMark Wealth Management LLC bought a new position in Wix.com in the 4th quarter worth $26,000. Northwest Bank & Trust Co acquired a new stake in Wix.com in the 4th quarter worth $26,000. Fidelis Capital Partners LLC acquired a new stake in Wix.com in the 1st quarter worth $37,000. Headlands Technologies LLC acquired a new stake in Wix.com in the 3rd quarter worth $45,000. Finally, Principal Securities Inc. acquired a new stake in Wix.com in the 4th quarter worth $93,000. 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.