Wix.com (NASDAQ:WIX) Price Target Raised to $215.00

Wix.com (NASDAQ:WIX) had its target price raised by Robert W. Baird from $175.00 to $215.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the information services provider’s stock.

WIX has been the topic of a number of other reports. Piper Sandler increased their price target on shares of Wix.com from $200.00 to $249.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Cantor Fitzgerald raised their target price on shares of Wix.com from $200.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Benchmark raised their target price on shares of Wix.com from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 target price on shares of Wix.com in a research note on Wednesday, November 20th. Finally, Barclays raised their target price on shares of Wix.com from $184.00 to $236.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $210.71.

Wix.com Trading Up 2.9 %

Shares of Wix.com stock opened at $223.41 on Monday. Wix.com has a 12-month low of $95.65 and a 12-month high of $223.95. The company has a market cap of $12.25 billion, a price-to-earnings ratio of 135.75, a PEG ratio of 4.24 and a beta of 1.47. The company’s 50-day moving average price is $170.73 and its 200-day moving average price is $163.40.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. iA Global Asset Management Inc. grew its holdings in shares of Wix.com by 176.5% in the first quarter. iA Global Asset Management Inc. now owns 16,336 shares of the information services provider’s stock worth $2,246,000 after purchasing an additional 10,427 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Wix.com by 23.1% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 263,534 shares of the information services provider’s stock worth $44,055,000 after purchasing an additional 49,500 shares during the last quarter. Toth Financial Advisory Corp bought a new position in shares of Wix.com in the third quarter worth approximately $661,000. Tidal Investments LLC bought a new position in shares of Wix.com in the first quarter worth approximately $5,197,000. Finally, Bayesian Capital Management LP bought a new position in shares of Wix.com in the first quarter worth approximately $779,000. 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.