Citizens Jmp Cuts Wix.com (NASDAQ:WIX) Price Target to $125.00

Wix.com (NASDAQ:WIX) had its price target lowered by Citizens Jmp from $185.00 to $125.00 in a research report sent to investors on Thursday,Benzinga reports. Citizens Jmp currently has a market outperform rating on the information services provider’s stock.

Several other research firms have also commented on WIX. Raymond James Financial set a $74.00 price objective on shares of Wix.com in a research report on Wednesday, January 7th. Scotiabank cut their target price on shares of Wix.com from $255.00 to $175.00 and set a “sector outperform” rating for the company in a research report on Thursday, November 20th. Cantor Fitzgerald upped their price target on shares of Wix.com from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. JMP Securities set a $185.00 price objective on shares of Wix.com in a research note on Thursday, November 20th. Finally, Citigroup reduced their target price on Wix.com from $197.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $163.86.

Wix.com Price Performance

NASDAQ WIX opened at $88.48 on Thursday. The business has a 50 day moving average price of $98.64 and a 200 day moving average price of $128.96. The company has a market capitalization of $4.96 billion, a P/E ratio of 37.81, a PEG ratio of 2.78 and a beta of 1.42. Wix.com has a 1-year low of $75.00 and a 1-year high of $247.11.

Institutional Trading of Wix.com

A number of hedge funds have recently added to or reduced their stakes in WIX. Ameriprise Financial Inc. increased its stake in shares of Wix.com by 128.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,637,795 shares of the information services provider’s stock valued at $823,813,000 after acquiring an additional 2,606,204 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Wix.com by 90.4% in the third quarter. Wellington Management Group LLP now owns 3,390,589 shares of the information services provider’s stock worth $602,270,000 after acquiring an additional 1,609,989 shares during the last quarter. Lone Pine Capital LLC purchased a new stake in Wix.com in the second quarter valued at approximately $342,485,000. Acadian Asset Management LLC increased its position in Wix.com by 0.4% during the second quarter. Acadian Asset Management LLC now owns 2,119,805 shares of the information services provider’s stock worth $335,852,000 after purchasing an additional 7,729 shares during the last quarter. Finally, Senvest Management LLC raised its stake in Wix.com by 32.2% during the second quarter. Senvest Management LLC now owns 2,040,910 shares of the information services provider’s stock worth $323,403,000 after purchasing an additional 496,770 shares during the period. 81.52% of the stock is owned by institutional investors and hedge funds.

About Wix.com

Wix.com Ltd. operates a cloud-based platform that enables individuals and businesses to create, manage and develop professional web presences through an intuitive drag-and-drop interface. The company’s software-as-a-service model provides hosting, customizable templates and a range of design tools, eliminating the need for coding expertise. Users can choose from a variety of premium plans to access custom domains, enhanced storage, and advanced performance features tailored to personal projects, small businesses and online storefronts.

Beyond its core website builder, Wix offers a suite of complementary services designed to support digital growth and marketing.