Wix.com (NASDAQ:WIX) PT Raised to $190.00 at Royal Bank of Canada

Wix.com (NASDAQ:WIX) had its price objective upped by Royal Bank of Canada from $160.00 to $190.00 in a report released on Tuesday, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the information services provider’s stock.

A number of other research analysts have also recently commented on WIX. UBS Group increased their price target on Wix.com from $155.00 to $160.00 and gave the company a buy rating in a research note on Thursday, February 22nd. B. Riley boosted their price target on Wix.com from $154.00 to $180.00 and gave the stock a buy rating in a report on Tuesday. Benchmark raised their price objective on shares of Wix.com from $175.00 to $210.00 and gave the company a buy rating in a report on Tuesday. Jefferies Financial Group boosted their target price on shares of Wix.com from $150.00 to $160.00 and gave the stock a buy rating in a report on Monday. Finally, Raymond James began coverage on shares of Wix.com in a research note on Wednesday, March 27th. They set an outperform rating and a $160.00 price target for the company. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $170.81.

Wix.com Trading Down 1.2 %

Shares of NASDAQ WIX opened at $165.21 on Tuesday. The company has a market cap of $9.19 billion, a price-to-earnings ratio of 144.92, a PEG ratio of 6.70 and a beta of 1.34. Wix.com has a 12 month low of $73.39 and a 12 month high of $174.09. The stock has a 50-day moving average price of $132.13 and a two-hundred day moving average price of $123.59.

Wix.com (NASDAQ:WIX) last released its quarterly earnings data on Wednesday, February 21st. The information services provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.24. Wix.com had a net margin of 4.20% and a negative return on equity of 59.67%. The business had revenue of $403.80 million during the quarter, compared to analysts’ expectations of $416.87 million. During the same period in the prior year, the company earned ($0.42) EPS. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, sell-side analysts predict that Wix.com will post 1.16 earnings per share for the current year.

Institutional Investors Weigh In On Wix.com

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP grew its stake in shares of Wix.com by 10.7% in the 4th quarter. Wellington Management Group LLP now owns 1,210,715 shares of the information services provider’s stock valued at $148,942,000 after buying an additional 117,146 shares during the period. Clearbridge Investments LLC boosted its holdings in Wix.com by 1.8% in the first quarter. Clearbridge Investments LLC now owns 1,164,136 shares of the information services provider’s stock worth $160,045,000 after acquiring an additional 20,342 shares in the last quarter. Senvest Management LLC grew its stake in Wix.com by 27.4% in the fourth quarter. Senvest Management LLC now owns 772,191 shares of the information services provider’s stock valued at $94,995,000 after acquiring an additional 166,254 shares during the period. Sei Investments Co. increased its holdings in shares of Wix.com by 8.2% during the third quarter. Sei Investments Co. now owns 539,018 shares of the information services provider’s stock valued at $49,482,000 after acquiring an additional 40,831 shares in the last quarter. Finally, Shannon River Fund Management LLC acquired a new position in shares of Wix.com during the third quarter worth approximately $29,590,000. 81.52% of the stock is owned by institutional investors.

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.