Cantor Fitzgerald Reiterates “Overweight” Rating for Wix.com (NASDAQ:WIX)

Wix.com (NASDAQ:WIX)‘s stock had its “overweight” rating reiterated by equities researchers at Cantor Fitzgerald in a report issued on Monday, Benzinga reports. They presently have a $200.00 target price on the information services provider’s stock. Cantor Fitzgerald’s price target would suggest a potential upside of 26.99% from the stock’s current price.

Several other research analysts have also weighed in on WIX. Bank of America lifted their target price on Wix.com from $153.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Benchmark increased their target price on Wix.com from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. StockNews.com upgraded shares of Wix.com from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. KeyCorp initiated coverage on shares of Wix.com in a report on Thursday, July 25th. They issued a “sector weight” rating for the company. Finally, JMP Securities restated a “market outperform” rating and set a $180.00 price objective on shares of Wix.com in a report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $190.06.

Wix.com Trading Down 5.8 %

NASDAQ:WIX opened at $157.49 on Monday. Wix.com has a 1-year low of $76.90 and a 1-year high of $178.65. The firm has a market capitalization of $9.00 billion, a price-to-earnings ratio of 139.88, a PEG ratio of 3.58 and a beta of 1.47. The business’s 50-day moving average price is $160.85 and its two-hundred day moving average price is $151.52.

Wix.com (NASDAQ:WIX) last announced its quarterly earnings results on Wednesday, August 7th. The information services provider reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.35. The business had revenue of $435.70 million for the quarter, compared to the consensus estimate of $442.88 million. Wix.com had a net margin of 4.44% and a negative return on equity of 49.05%. Wix.com’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the company posted $0.58 EPS. Sell-side analysts predict that Wix.com will post 2.1 earnings per share for the current year.

Institutional Investors Weigh In On Wix.com

Large investors have recently made changes to their positions in the stock. Northwest Bank & Trust Co bought a new stake in Wix.com during the fourth quarter worth $26,000. Fidelis Capital Partners LLC bought a new stake in shares of Wix.com in the 1st quarter valued at about $37,000. Industrial Alliance Investment Management Inc. lifted its stake in Wix.com by 246.5% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock valued at $94,000 after purchasing an additional 488 shares during the last quarter. Toronto Dominion Bank grew its holdings in Wix.com by 19.0% during the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock worth $124,000 after purchasing an additional 124 shares during the period. Finally, Optimist Retirement Group LLC acquired a new position in Wix.com during the fourth quarter worth approximately $201,000. Institutional investors and hedge funds 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.