Wix.com Ltd. (NASDAQ:WIX) Receives $220.59 Average PT from Analysts

Shares of Wix.com Ltd. (NASDAQ:WIX) have been assigned an average recommendation of “Moderate Buy” from the nineteen research firms that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $220.59.

A number of brokerages have weighed in on WIX. B. Riley lifted their price target on shares of Wix.com from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Evercore ISI raised Wix.com to a “strong-buy” rating in a research report on Thursday, November 21st. Needham & Company LLC reiterated a “buy” rating and issued a $200.00 target price on shares of Wix.com in a research note on Wednesday, November 20th. Piper Sandler boosted their price target on Wix.com from $200.00 to $249.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, Robert W. Baird increased their price objective on shares of Wix.com from $175.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, November 25th.

Wix.com Price Performance

Shares of NASDAQ:WIX opened at $218.62 on Wednesday. The firm has a market capitalization of $11.99 billion, a PE ratio of 136.64, a P/E/G ratio of 4.22 and a beta of 1.56. Wix.com has a 12 month low of $117.58 and a 12 month high of $229.79. The business has a 50-day moving average of $209.67 and a two-hundred day moving average of $178.43.

Institutional Investors Weigh In On Wix.com

Institutional investors have recently made changes to their positions in the company. Blue Trust Inc. boosted its position in Wix.com by 98.0% during the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after purchasing an additional 98 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Wix.com by 112.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock worth $41,000 after buying an additional 130 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Wix.com by 962.7% during the 4th quarter. GAMMA Investing LLC now owns 542 shares of the information services provider’s stock worth $116,000 after buying an additional 491 shares during the period. CWM LLC grew its stake in Wix.com by 19.0% in the 3rd quarter. CWM LLC now owns 632 shares of the information services provider’s stock valued at $106,000 after buying an additional 101 shares during the last quarter. Finally, Toronto Dominion Bank raised its holdings in Wix.com by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock worth $124,000 after acquiring an additional 124 shares during the period. 81.52% of the stock is currently owned by institutional investors and hedge funds.

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.