Wix.com's (WIX) "Market Outperform" Rating Reaffirmed at JMP Securities

Wix.com (NASDAQ:WIX - Get Free Report)'s stock had its "market outperform" rating reiterated by analysts at JMP Securities in a report issued on Tuesday, Benzinga reports. They presently have a $150.00 target price on the information services provider's stock. JMP Securities' price objective suggests a potential upside of 26.19% from the company's current price.

Several other analysts have also recently commented on the stock. StockNews.com raised shares of Wix.com from a "hold" rating to a "buy" rating in a research note on Saturday, April 13th. Barclays increased their price objective on Wix.com from $147.00 to $160.00 and gave the company an "overweight" rating in a research report on Thursday, February 22nd. Royal Bank of Canada boosted their target price on Wix.com from $135.00 to $160.00 and gave the stock an "outperform" rating in a research report on Thursday, February 22nd. B. Riley upped their price target on Wix.com from $120.00 to $141.00 and gave the company an "overweight" rating in a research note on Thursday, February 22nd. Finally, Piper Sandler lifted their price objective on Wix.com from $146.00 to $165.00 and gave the stock an "overweight" rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $144.29.

Wix.com Stock Performance

Wix.com stock traded down $2.35 during trading hours on Tuesday, hitting $118.87. 396,081 shares of the stock were exchanged, compared to its average volume of 540,522. The stock has a market capitalization of $6.62 billion, a P/E ratio of 217.49, a P/E/G ratio of 4.16 and a beta of 1.33. Wix.com has a 12 month low of $73.39 and a 12 month high of $146.21. The business's 50-day moving average is $133.71 and its two-hundred day moving average is $117.84.

Wix.com (NASDAQ:WIX - Get Free Report) last announced its earnings results on Wednesday, February 21st. The information services provider reported $1.22 EPS for the quarter, topping the consensus estimate of $0.98 by $0.24. Wix.com had a negative return on equity of 40.56% and a net margin of 2.12%. The company had revenue of $403.80 million for the quarter, compared to analysts' expectations of $416.87 million. During the same quarter in the prior year, the business earned ($0.42) earnings per share. The business's revenue for the quarter was up 13.7% on a year-over-year basis. On average, equities analysts predict that Wix.com will post 1.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale lifted its position in Wix.com by 5.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,486 shares of the information services provider's stock valued at $226,000 after acquiring an additional 129 shares in the last quarter. HighMark Wealth Management LLC acquired a new position in shares of Wix.com during the fourth quarter worth about $26,000. Natixis Advisors L.P. grew its holdings in shares of Wix.com by 2.0% during the fourth quarter. Natixis Advisors L.P. now owns 10,980 shares of the information services provider's stock worth $1,350,000 after buying an additional 214 shares in the last quarter. Northwest Bank & Trust Co acquired a new position in Wix.com during the 4th quarter worth approximately $26,000. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Wix.com by 9.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,308 shares of the information services provider's stock worth $304,000 after acquiring an additional 274 shares in the last quarter. Institutional investors and hedge funds 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.