Wix.com (NASDAQ:WIX) Given New $220.00 Price Target at B. Riley

Wix.com (NASDAQ:WIX) had its target price boosted by equities researchers at B. Riley from $190.00 to $220.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the information services provider’s stock. B. Riley’s target price would indicate a potential upside of 1.29% from the company’s current price.

A number of other equities analysts have also commented on WIX. Cantor Fitzgerald increased their price target on Wix.com from $200.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday. Barclays increased their target price on Wix.com from $184.00 to $236.00 and gave the company an “overweight” rating in a research report on Wednesday. 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 report on Thursday. JPMorgan Chase & Co. upped their price target on shares of Wix.com from $195.00 to $205.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, JMP Securities reiterated a “market outperform” rating and set a $180.00 price objective on shares of Wix.com in a research report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Wix.com presently has an average rating of “Moderate Buy” and an average target price of $210.44.

Wix.com Stock Down 0.9 %

Shares of Wix.com stock opened at $217.20 on Thursday. Wix.com has a twelve month low of $95.65 and a twelve month high of $220.22. The business has a 50-day moving average price of $169.52 and a 200-day moving average price of $162.14. The firm has a market cap of $11.91 billion, a price-to-earnings ratio of 136.76, a PEG ratio of 3.91 and a beta of 1.47.

Hedge Funds Weigh In On Wix.com

Several hedge funds have recently added to or reduced their stakes in WIX. Dorsal Capital Management LP lifted its stake in Wix.com by 23.8% in the second quarter. Dorsal Capital Management LP now owns 1,300,000 shares of the information services provider’s stock worth $206,791,000 after purchasing an additional 250,000 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Wix.com by 545.7% in the third quarter. Captrust Financial Advisors now owns 238,465 shares of the information services provider’s stock worth $39,864,000 after buying an additional 201,532 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Wix.com by 27.9% in the second quarter. Renaissance Technologies LLC now owns 785,649 shares of the information services provider’s stock worth $124,973,000 after buying an additional 171,500 shares during the period. Whale Rock Capital Management LLC lifted its stake in shares of Wix.com by 31.6% during the 3rd quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider’s stock worth $115,475,000 after acquiring an additional 165,810 shares during the last quarter. Finally, Driehaus Capital Management LLC purchased a new position in Wix.com during the 2nd quarter valued at $13,646,000. 81.52% of the stock is currently owned by institutional investors.

Wix.com Company Profile

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.