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

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

Other research analysts have also issued reports about the company. Needham & Company LLC reissued a “buy” rating and set a $200.00 price target on shares of Wix.com in a research report on Wednesday, November 20th. Piper Sandler raised 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 increased their target price on shares of Wix.com from $200.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Evercore ISI raised shares of Wix.com to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Bank of America lifted their price objective on Wix.com from $190.00 to $228.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Wix.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.71.

Wix.com Stock Performance

Shares of NASDAQ:WIX opened at $218.91 on Monday. Wix.com has a 52 week low of $97.07 and a 52 week high of $224.33. The company has a market cap of $12.00 billion, a PE ratio of 139.03, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. The firm has a 50 day simple moving average of $173.31 and a 200 day simple moving average of $164.81.

Hedge Funds Weigh In On Wix.com

Hedge funds have recently made changes to their positions in the business. Dorsal Capital Management LP increased 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 valued at $206,791,000 after acquiring an additional 250,000 shares during the period. Captrust Financial Advisors boosted its holdings in Wix.com by 545.7% during the third quarter. Captrust Financial Advisors now owns 238,465 shares of the information services provider’s stock valued at $39,864,000 after purchasing an additional 201,532 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Wix.com by 27.9% in the 2nd quarter. Renaissance Technologies LLC now owns 785,649 shares of the information services provider’s stock valued at $124,973,000 after purchasing an additional 171,500 shares during the period. Whale Rock Capital Management LLC raised its holdings in shares of Wix.com by 31.6% in 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 buying an additional 165,810 shares in the last quarter. Finally, Driehaus Capital Management LLC bought a new position in shares of Wix.com during the 2nd quarter worth approximately $13,646,000. 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.