Wix.com Ltd. (NASDAQ:WIX) Given Average Rating of “Moderate Buy” by Brokerages

Wix.com Ltd. (NASDAQ:WIX) has received an average rating of “Moderate Buy” from the nineteen analysts that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $225.82.

A number of analysts recently issued reports on the company. Cantor Fitzgerald raised their price target on Wix.com from $200.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Benchmark raised their price target on Wix.com from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Robert W. Baird lifted their target price on Wix.com from $175.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. Piper Sandler lifted their target price 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, Barclays lifted their target price on Wix.com from $184.00 to $236.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th.

Hedge Funds Weigh In On Wix.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC grew its stake in Wix.com by 2.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,338 shares of the information services provider’s stock valued at $502,000 after purchasing an additional 63 shares during the last quarter. Blue Trust Inc. grew its stake in Wix.com by 98.0% in the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock valued at $31,000 after purchasing an additional 98 shares during the last quarter. CWM LLC grew its stake in Wix.com by 19.0% in the third 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 last quarter. Toronto Dominion Bank grew its stake in Wix.com by 19.0% in the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock valued at $124,000 after purchasing an additional 124 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake 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 purchasing an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wix.com Stock Performance

NASDAQ WIX opened at $236.36 on Wednesday. The company has a market capitalization of $12.96 billion, a P/E ratio of 147.73, a P/E/G ratio of 4.22 and a beta of 1.56. Wix.com has a one year low of $117.58 and a one year high of $239.10. The stock has a 50 day moving average price of $212.31 and a 200-day moving average price of $179.73.

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.