Barclays Increases Wix.com (NASDAQ:WIX) Price Target to $184.00

Wix.com (NASDAQ:WIX) had its target price upped by Barclays from $160.00 to $184.00 in a research note released on Tuesday morning, Benzinga reports. Barclays currently has an overweight rating on the information services provider’s stock.

WIX has been the subject of a number of other research reports. Morgan Stanley lifted their price target on Wix.com from $143.00 to $187.00 and gave the stock an equal weight rating in a report on Tuesday. JMP Securities boosted their target price on Wix.com from $150.00 to $180.00 and gave the stock a market outperform rating in a report on Tuesday. UBS Group raised their price target on Wix.com from $160.00 to $200.00 and gave the company a buy rating in a report on Tuesday. Needham & Company LLC reiterated a buy rating and issued a $160.00 price objective on shares of Wix.com in a report on Monday, May 20th. Finally, Oppenheimer increased their price objective on shares of Wix.com from $160.00 to $200.00 and gave the company an outperform rating in a research report on Tuesday. Two 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 currently has a consensus rating of Moderate Buy and an average target price of $170.81.

Wix.com Trading Up 2.9 %

NASDAQ WIX opened at $170.00 on Tuesday. Wix.com has a 12 month low of $73.39 and a 12 month high of $174.09. The stock has a 50 day moving average of $132.67 and a 200-day moving average of $123.88. The company has a market cap of $9.72 billion, a PE ratio of 149.12, a PEG ratio of 6.48 and a beta of 1.34.

Wix.com (NASDAQ:WIX) last announced its quarterly earnings data on Wednesday, February 21st. The information services provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.24. The company had revenue of $403.80 million during the quarter, compared to the consensus estimate of $416.87 million. Wix.com had a net margin of 4.20% and a negative return on equity of 59.67%. The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.42) EPS. As a group, sell-side analysts predict that Wix.com will post 1.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Wix.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WIX. DekaBank Deutsche Girozentrale grew its holdings in shares of Wix.com by 5.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,486 shares of the information services provider’s stock worth $226,000 after purchasing an additional 129 shares in the last quarter. HighMark Wealth Management LLC bought a new stake in Wix.com during the fourth quarter worth about $26,000. Natixis Advisors L.P. grew its stake in Wix.com by 2.0% during the fourth quarter. Natixis Advisors L.P. now owns 10,980 shares of the information services provider’s stock worth $1,350,000 after buying an additional 214 shares in the last quarter. Northwest Bank & Trust Co bought a new position in Wix.com in the 4th quarter valued at about $26,000. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Wix.com in the 1st quarter valued at approximately $37,000. 81.52% of the stock is owned by institutional investors and hedge funds.

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.