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

Wix.com Ltd. (NASDAQ:WIX) has been assigned an average rating of “Moderate Buy” from the nineteen ratings firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $210.71.

Several research analysts recently commented on the stock. StockNews.com raised shares of Wix.com from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. Piper Sandler upped 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. Bank of America raised their target price on Wix.com from $190.00 to $228.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Evercore ISI upgraded Wix.com to a “strong-buy” rating in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. increased their price objective on Wix.com from $195.00 to $205.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th.

Wix.com Stock Down 2.2 %

Wix.com stock opened at $219.61 on Friday. The firm has a fifty day simple moving average of $188.09 and a two-hundred day simple moving average of $170.70. Wix.com has a twelve month low of $110.75 and a twelve month high of $229.79. The company has a market capitalization of $12.04 billion, a PE ratio of 137.26, a P/E/G ratio of 4.17 and a beta of 1.55.

Institutional Trading of Wix.com

Large investors have recently modified their holdings of the company. Blue Trust Inc. raised its holdings in Wix.com by 98.0% in the 3rd 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. increased its position 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 worth $41,000 after buying an additional 130 shares in the last quarter. CWM LLC raised its stake in shares of Wix.com by 19.0% in the third quarter. CWM LLC now owns 632 shares of the information services provider’s stock worth $106,000 after buying an additional 101 shares during the period. Toronto Dominion Bank lifted its position in shares of Wix.com by 19.0% during the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock valued at $124,000 after buying an additional 124 shares in the last quarter. Finally, Metis Global Partners LLC bought a new position in shares of Wix.com during the 3rd quarter valued at approximately $200,000. 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.