Wix.com (NASDAQ:WIX) Given “Market Outperform” Rating at JMP Securities

JMP Securities reiterated their market outperform rating on shares of Wix.com (NASDAQ:WIX) in a research note issued to investors on Tuesday,Benzinga reports. JMP Securities currently has a $240.00 price target on the information services provider’s stock.

A number of other research firms have also recently commented on WIX. Needham & Company LLC restated a “buy” rating and issued a $200.00 target price on shares of Wix.com in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised their target price on Wix.com from $195.00 to $205.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Barclays raised their target price on Wix.com from $184.00 to $236.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Robert W. Baird raised their price objective on Wix.com from $175.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. Finally, Morgan Stanley raised Wix.com from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $248.00 to $276.00 in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $235.94.

Wix.com Stock Up 1.8 %

WIX opened at $227.78 on Tuesday. The stock has a market cap of $12.49 billion, a PE ratio of 142.36, a PEG ratio of 2.48 and a beta of 1.58. The business has a 50 day moving average of $226.72 and a 200-day moving average of $192.17. Wix.com has a 52 week low of $117.58 and a 52 week high of $247.11.

Institutional Trading of Wix.com

Large investors have recently modified their holdings of the company. Blue Trust Inc. grew its holdings in shares of Wix.com by 98.0% in the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after acquiring an additional 98 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Wix.com by 112.1% in the third quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock worth $41,000 after acquiring an additional 130 shares during the period. Avior Wealth Management LLC grew its holdings in shares of Wix.com by 79.5% in the fourth quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider’s stock worth $43,000 after acquiring an additional 89 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in shares of Wix.com in the fourth quarter worth $43,000. Finally, Global Retirement Partners LLC grew its holdings in shares of Wix.com by 36.0% in the fourth quarter. Global Retirement Partners LLC now owns 219 shares of the information services provider’s stock worth $47,000 after acquiring an additional 58 shares during the period. Institutional investors 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.