Wix.com (NASDAQ:WIX) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Wix.com (NASDAQ:WIX) had its price target raised by equities research analysts at Jefferies Financial Group from $225.00 to $260.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the information services provider’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 17.80% from the company’s current price.

A number of other research analysts have also recently commented on WIX. Piper Sandler upped their target price on Wix.com from $200.00 to $249.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Barclays upped their price objective on Wix.com from $184.00 to $236.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. B. Riley lifted their target price on Wix.com from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Bank of America upped their price target on shares of Wix.com from $190.00 to $228.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Evercore ISI raised shares of Wix.com to a “strong-buy” rating in a research note on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Wix.com has an average rating of “Moderate Buy” and an average price target of $220.59.

Wix.com Trading Down 2.7 %

Shares of NASDAQ:WIX opened at $220.71 on Monday. The company has a 50-day moving average price of $205.28 and a 200 day moving average price of $176.91. Wix.com has a 12 month low of $117.58 and a 12 month high of $229.79. The company has a market cap of $12.10 billion, a price-to-earnings ratio of 137.94, a PEG ratio of 4.22 and a beta of 1.56.

Hedge Funds Weigh In On Wix.com

Large investors have recently bought and sold shares of the business. Blue Trust Inc. increased its stake in Wix.com by 98.0% during the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after buying an additional 98 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Wix.com by 112.1% during the third quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock worth $41,000 after purchasing an additional 130 shares in the last quarter. GAMMA Investing LLC raised its stake in Wix.com by 962.7% in the 4th quarter. GAMMA Investing LLC now owns 542 shares of the information services provider’s stock valued at $116,000 after purchasing an additional 491 shares during the last quarter. CWM LLC lifted its holdings in Wix.com by 19.0% in the 3rd quarter. CWM LLC now owns 632 shares of the information services provider’s stock valued at $106,000 after purchasing an additional 101 shares in the last quarter. Finally, Toronto Dominion Bank lifted its holdings in Wix.com by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock valued at $124,000 after purchasing an additional 124 shares in the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

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.