Brokerages Set Wix.com Ltd. (NASDAQ:WIX) Price Target at $234.06

Shares of Wix.com Ltd. (NASDAQ:WIX) have received an average rating of “Moderate Buy” from the twenty research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $232.61.

A number of analysts have weighed in on WIX shares. StockNews.com raised shares of Wix.com from a “hold” rating to a “buy” rating in a report on Saturday, November 23rd. JPMorgan Chase & Co. increased their price target on shares of Wix.com from $195.00 to $205.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Raymond James raised shares of Wix.com from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $225.00 to $300.00 in a report on Tuesday, January 21st. B. Riley increased their price target on shares of Wix.com from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Piper Sandler increased their price objective on shares of Wix.com from $200.00 to $249.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st.

Wix.com Trading Down 1.3 %

NASDAQ WIX opened at $227.42 on Friday. The company has a fifty day simple moving average of $225.98 and a 200 day simple moving average of $187.93. The company has a market cap of $12.47 billion, a P/E ratio of 142.14, a P/E/G ratio of 2.66 and a beta of 1.58. Wix.com has a 1 year low of $117.58 and a 1 year high of $247.11.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC raised its holdings in Wix.com by 558.5% during the 4th quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider’s stock worth $101,253,000 after buying an additional 400,265 shares during the period. Captrust Financial Advisors raised its holdings in Wix.com by 545.7% during the 3rd quarter. Captrust Financial Advisors now owns 238,465 shares of the information services provider’s stock worth $39,864,000 after buying an additional 201,532 shares during the period. Whale Rock Capital Management LLC raised its holdings in Wix.com by 31.6% during the 3rd quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider’s stock worth $115,475,000 after buying an additional 165,810 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Wix.com by 90.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 184,099 shares of the information services provider’s stock worth $39,859,000 after buying an additional 87,327 shares during the period. Finally, Polar Asset Management Partners Inc. raised its holdings in Wix.com by 192.9% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 98,500 shares of the information services provider’s stock worth $16,466,000 after buying an additional 64,869 shares during the period. Institutional investors 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.