Wix.com (NASDAQ:WIX) Price Target Raised to $186.00 at Barclays

Wix.com (NASDAQ:WIX) had its target price upped by Barclays from $184.00 to $186.00 in a research report sent to investors on Thursday morning, Benzinga reports. The firm currently has an overweight rating on the information services provider’s stock.

A number of other research firms also recently commented on WIX. JPMorgan Chase & Co. raised their target price on Wix.com from $148.00 to $195.00 and gave the company a neutral rating in a report on Wednesday, May 29th. Evercore ISI upgraded shares of Wix.com to a strong-buy rating in a research note on Monday. Piper Sandler restated a neutral rating and set a $184.00 target price on shares of Wix.com in a research report on Thursday. Bank of America raised their price objective on shares of Wix.com from $153.00 to $183.00 and gave the stock a buy rating in a research note on Thursday, June 6th. Finally, Oppenheimer upped their target price on Wix.com from $160.00 to $200.00 and gave the company an outperform rating in a research note on Tuesday, May 21st. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $183.56.

Wix.com Stock Down 0.8 %

NASDAQ WIX traded down $1.27 on Thursday, hitting $162.45. 329,457 shares of the stock were exchanged, compared to its average volume of 612,127. Wix.com has a fifty-two week low of $76.90 and a fifty-two week high of $178.65. The company has a 50-day moving average price of $160.78 and a 200-day moving average price of $143.67. The company has a market cap of $8.91 billion, a PE ratio of 142.10, a PEG ratio of 3.71 and a beta of 1.47.

Wix.com (NASDAQ:WIX) last released its quarterly earnings data on Monday, May 20th. The information services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.18. The company had revenue of $419.78 million during the quarter, compared to the consensus estimate of $417.71 million. Wix.com had a net margin of 4.20% and a negative return on equity of 59.67%. As a group, equities research analysts predict that Wix.com will post 1.91 EPS for the current fiscal year.

Hedge Funds Weigh In On Wix.com

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northwest Bank & Trust Co acquired a new position in shares of Wix.com in the 4th quarter valued at $26,000. Fidelis Capital Partners LLC acquired a new position in Wix.com in the first quarter valued at $37,000. Industrial Alliance Investment Management Inc. boosted its holdings in Wix.com by 246.5% in the first quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock valued at $94,000 after acquiring an additional 488 shares during the last quarter. Principal Securities Inc. purchased a new stake in Wix.com during the fourth quarter valued at about $93,000. Finally, First Trust Direct Indexing L.P. acquired a new stake in Wix.com during the first quarter worth about $214,000. Institutional investors and hedge funds 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.