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

Wix.com Ltd. (NASDAQ:WIX) has been given an average rating of “Moderate Buy” by the nineteen brokerages that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $220.59.

WIX has been the topic of a number of research analyst reports. Cantor Fitzgerald boosted their target price on Wix.com from $200.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Barclays increased their price objective on shares of Wix.com from $184.00 to $236.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. StockNews.com upgraded shares of Wix.com from a “hold” rating to a “buy” rating in a research report on Saturday, November 23rd. Bank of America increased their price target on shares of Wix.com from $190.00 to $228.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Royal Bank of Canada lifted their price objective on Wix.com from $190.00 to $245.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st.

Hedge Funds Weigh In On Wix.com

A number of institutional investors have recently made changes to their positions in the business. Blue Trust Inc. increased its holdings 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 buying an additional 98 shares during the last quarter. Advisors Asset Management Inc. raised its position 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 valued at $41,000 after acquiring an additional 130 shares in the last quarter. CWM LLC raised its position in shares of 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 acquiring an additional 101 shares in the last quarter. GAMMA Investing LLC lifted its stake in Wix.com by 962.7% during the fourth quarter. GAMMA Investing LLC now owns 542 shares of the information services provider’s stock worth $116,000 after purchasing an additional 491 shares during the last quarter. Finally, Toronto Dominion Bank boosted its holdings in Wix.com by 19.0% in the second 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 period. 81.52% of the stock is owned by institutional investors and hedge funds.

Wix.com Stock Performance

NASDAQ:WIX opened at $220.71 on Wednesday. Wix.com has a 1 year low of $117.58 and a 1 year high of $229.79. The stock has a fifty day moving average price of $205.28 and a two-hundred day moving average price of $176.91. The stock has a market capitalization of $12.10 billion, a price-to-earnings ratio of 137.94, a PEG ratio of 4.22 and a beta of 1.56.

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.