Wix.com (NASDAQ:WIX) Stock Rating Upgraded by Raymond James

Wix.com (NASDAQ:WIX) was upgraded by investment analysts at Raymond James from an “outperform” rating to a “strong-buy” rating in a report released on Tuesday,Briefing.com Automated Import reports. The firm presently has a $300.00 target price on the information services provider’s stock, up from their previous target price of $225.00. Raymond James’ price target would indicate a potential upside of 24.34% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Needham & Company LLC reissued a “buy” rating and issued a $200.00 price objective on shares of Wix.com in a research note on Wednesday, November 20th. Benchmark upped their price target on Wix.com from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. B. Riley boosted their price objective on shares of Wix.com from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Barclays lifted their price objective on Wix.com from $184.00 to $236.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, Cantor Fitzgerald raised their target price on Wix.com from $200.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Wix.com has an average rating of “Moderate Buy” and an average price target of $234.06.

Wix.com Trading Up 0.2 %

WIX stock traded up $0.38 during mid-day trading on Tuesday, hitting $241.27. The stock had a trading volume of 32,461 shares, compared to its average volume of 767,849. Wix.com has a 1-year low of $117.58 and a 1-year high of $246.82. The company has a fifty day moving average of $217.71 and a 200 day moving average of $182.11. The stock has a market capitalization of $13.23 billion, a price-to-earnings ratio of 151.31, a PEG ratio of 2.69 and a beta of 1.56.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Dorsal Capital Management LP raised its position in shares of Wix.com by 23.8% during the second quarter. Dorsal Capital Management LP now owns 1,300,000 shares of the information services provider’s stock worth $206,791,000 after acquiring an additional 250,000 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of Wix.com by 2.9% in the 2nd quarter. Clearbridge Investments LLC now owns 1,197,474 shares of the information services provider’s stock valued at $190,482,000 after purchasing an additional 33,338 shares during the last quarter. Senvest Management LLC grew its position in shares of Wix.com by 4.7% during the 3rd 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. Whale Rock Capital Management LLC raised its stake in shares of Wix.com by 31.6% during the third 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 during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Wix.com by 558.5% in the fourth quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider’s stock valued at $101,253,000 after acquiring an additional 400,265 shares during the last quarter. Institutional investors 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.