Piper Sandler reiterated their neutral rating on shares of Wix.com (NASDAQ:WIX – Free Report) in a research report released on Thursday, Benzinga reports. They currently have a $184.00 target price on the information services provider’s stock.
Several other equities analysts have also issued reports on WIX. Royal Bank of Canada lifted their price target on shares of Wix.com from $160.00 to $190.00 and gave the stock an outperform rating in a report on Tuesday, May 21st. Citigroup boosted their price target on Wix.com from $175.00 to $202.00 and gave the stock a buy rating in a research note on Tuesday, May 21st. JPMorgan Chase & Co. boosted their target price on shares of Wix.com from $148.00 to $195.00 and gave the stock a neutral rating in a research report on Wednesday, May 29th. Needham & Company LLC reaffirmed a buy rating and issued a $190.00 price target on shares of Wix.com in a report on Wednesday. Finally, Evercore ISI raised Wix.com to a strong-buy rating in a research report on Monday. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $183.56.
View Our Latest Stock Report on Wix.com
Wix.com Price Performance
Wix.com (NASDAQ:WIX – Get Free Report) last released its quarterly earnings results on Monday, May 20th. The information services provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.15 by $0.18. Wix.com had a negative return on equity of 59.67% and a net margin of 4.20%. The firm had revenue of $419.78 million during the quarter, compared to analyst estimates of $417.71 million. On average, equities research analysts predict that Wix.com will post 1.91 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in WIX. Northwest Bank & Trust Co acquired a new position in Wix.com during the fourth quarter worth about $26,000. Fidelis Capital Partners LLC purchased a new stake in shares of Wix.com in the first quarter valued at approximately $37,000. Principal Securities Inc. acquired a new stake in shares of Wix.com in the fourth quarter valued at approximately $93,000. Industrial Alliance Investment Management Inc. lifted its position in Wix.com by 246.5% during the first quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock worth $94,000 after buying an additional 488 shares in the last quarter. Finally, Optimist Retirement Group LLC purchased a new stake in Wix.com in the 4th quarter valued at $201,000. 81.52% of the stock is owned by institutional investors and hedge funds.
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.
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