Wix.com (NASDAQ:WIX) Given New $186.00 Price Target at Barclays

Wix.com (NASDAQ:WIX) had its price target boosted by Barclays from $184.00 to $186.00 in a research report report published on Thursday, Benzinga reports. They currently have an overweight rating on the information services provider’s stock.

Several other research firms have also recently issued reports on WIX. StockNews.com cut Wix.com from a buy rating to a hold rating in a research note on Wednesday, August 7th. Morgan Stanley upped their price target on Wix.com from $143.00 to $187.00 and gave the stock an equal weight rating in a research note on Tuesday, May 21st. Evercore ISI raised Wix.com to a strong-buy rating in a research note on Monday, August 5th. Jefferies Financial Group upped their price target on Wix.com from $150.00 to $160.00 and gave the stock a buy rating in a research note on Monday, May 20th. Finally, Benchmark upped their price target on Wix.com from $210.00 to $225.00 and gave the stock a buy rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Wix.com currently has a consensus rating of Moderate Buy and a consensus target price of $183.56.

Wix.com Price Performance

NASDAQ:WIX opened at $162.45 on Thursday. The business has a 50 day moving average of $160.81 and a 200 day moving average of $144.00. The company has a market capitalization of $9.29 billion, a price-to-earnings ratio of 142.50, a PEG ratio of 3.71 and a beta of 1.47. Wix.com has a 1-year low of $76.90 and a 1-year high of $178.65.

Wix.com (NASDAQ:WIX) last announced its quarterly earnings results on Wednesday, August 7th. The information services provider reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.35. The business had revenue of $435.70 million for the quarter, compared to analysts’ expectations of $442.88 million. Wix.com had a negative return on equity of 59.67% and a net margin of 4.20%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.58 EPS. As a group, sell-side analysts anticipate that Wix.com will post 1.91 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Wix.com during the 4th quarter valued at about $34,554,000. Renaissance Technologies LLC boosted its stake 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 last quarter. Capital Fund Management S.A. boosted its stake in shares of Wix.com by 1,378.7% in the fourth quarter. Capital Fund Management S.A. now owns 160,456 shares of the information services provider’s stock worth $19,739,000 after buying an additional 149,605 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Wix.com by 328.5% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 180,000 shares of the information services provider’s stock worth $22,144,000 after buying an additional 137,991 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Wix.com by 10.7% in the fourth quarter. Wellington Management Group LLP now owns 1,210,715 shares of the information services provider’s stock worth $148,942,000 after buying an additional 117,146 shares during the last quarter. 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.