Wix.com Ltd. (NASDAQ:WIX) Receives $210.71 Average Target Price from Analysts

Shares of Wix.com Ltd. (NASDAQ:WIX) have earned a consensus recommendation of “Moderate Buy” from the nineteen research firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $210.71.

A number of equities analysts have commented on WIX shares. StockNews.com upgraded Wix.com from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. Bank of America raised their price target on Wix.com from $190.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Robert W. Baird upped their price objective on shares of Wix.com from $175.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. Cantor Fitzgerald raised their target price on shares of Wix.com from $200.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Finally, Benchmark upped their price target on shares of Wix.com from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, November 21st.

Wix.com Trading Down 1.3 %

Shares of WIX opened at $216.71 on Friday. Wix.com has a 12 month low of $110.75 and a 12 month high of $229.79. The firm’s 50 day moving average is $188.09 and its 200-day moving average is $170.78. The stock has a market capitalization of $11.88 billion, a PE ratio of 135.44, a P/E/G ratio of 4.22 and a beta of 1.55.

Institutional Investors Weigh In On Wix.com

A number of institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its position in shares of Wix.com by 98.0% in the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock valued at $31,000 after buying an additional 98 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Wix.com by 112.1% in the third quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock valued at $41,000 after acquiring an additional 130 shares during the last quarter. CWM LLC increased its position in Wix.com by 19.0% during the 3rd quarter. CWM LLC now owns 632 shares of the information services provider’s stock valued at $106,000 after purchasing an additional 101 shares during the period. Toronto Dominion Bank raised its holdings in Wix.com by 19.0% during the 2nd 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 last quarter. Finally, Metis Global Partners LLC acquired a new position in shares of Wix.com in the 3rd quarter worth approximately $200,000. 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.