Wix.com (NASDAQ:WIX) Price Target Raised to $240.00 at Cantor Fitzgerald

Wix.com (NASDAQ:WIX) had its price objective boosted by Cantor Fitzgerald from $200.00 to $240.00 in a report released on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the information services provider’s stock.

Several other equities analysts have also recently issued reports on WIX. JMP Securities reiterated a “market outperform” rating and issued a $180.00 price objective on shares of Wix.com in a research note on Thursday, July 25th. StockNews.com downgraded shares of Wix.com from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. JPMorgan Chase & Co. increased their price objective on shares of Wix.com from $195.00 to $205.00 and gave the company a “neutral” rating in a research report on Wednesday. Benchmark raised their price objective on shares of Wix.com from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, Barclays boosted their target price on shares of Wix.com from $184.00 to $236.00 and gave the stock an “overweight” rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $210.44.

Wix.com Trading Up 4.1 %

NASDAQ:WIX opened at $218.82 on Thursday. Wix.com has a 12-month low of $95.65 and a 12-month high of $220.22. The firm has a market cap of $12.00 billion, a PE ratio of 136.76, a price-to-earnings-growth ratio of 3.91 and a beta of 1.47. The stock has a fifty day moving average price of $169.52 and a 200 day moving average price of $162.14.

Hedge Funds Weigh In On Wix.com

A number of institutional investors have recently modified their holdings of WIX. Dorsal Capital Management LP boosted its stake in Wix.com by 23.8% during the 2nd 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 period. Clearbridge Investments LLC raised its holdings in shares of Wix.com by 2.9% in the second quarter. Clearbridge Investments LLC now owns 1,197,474 shares of the information services provider’s stock valued at $190,482,000 after buying an additional 33,338 shares during the last quarter. Senvest Management LLC boosted its stake in shares of Wix.com by 4.7% during the third quarter. Senvest Management LLC now owns 1,118,081 shares of the information services provider’s stock worth $186,910,000 after buying an additional 50,482 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Wix.com by 27.9% during 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. Finally, Whale Rock Capital Management LLC increased its position in 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 valued at $115,475,000 after acquiring an additional 165,810 shares during the period. 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.