Wix.com Ltd. (NASDAQ:WIX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Wix.com Ltd. (NASDAQ:WIX) has received an average rating of “Moderate Buy” from the twenty ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, fourteen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $245.83.

A number of equities analysts have recently issued reports on the stock. Benchmark upped their target price on shares of Wix.com from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. 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 report on Monday, November 25th. Wells Fargo & Company initiated coverage on shares of Wix.com in a report on Monday, February 3rd. They issued an “underweight” rating and a $208.00 price objective on the stock. Evercore ISI upgraded shares of Wix.com to a “strong-buy” rating in a report on Thursday, November 21st. Finally, Jefferies Financial Group increased their price objective on shares of Wix.com from $225.00 to $260.00 and gave the company a “buy” rating in a report on Monday, January 6th.

Institutional Investors Weigh In On Wix.com

Hedge funds have recently bought and sold shares of the company. Blue Trust Inc. increased its position in shares of 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 acquiring an additional 98 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of Wix.com during the fourth quarter worth $43,000. Avior Wealth Management LLC increased its position in shares of Wix.com by 79.5% during the fourth quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider’s stock worth $43,000 after acquiring an additional 89 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of Wix.com by 36.0% during the fourth quarter. Global Retirement Partners LLC now owns 219 shares of the information services provider’s stock worth $47,000 after acquiring an additional 58 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Wix.com during the fourth quarter worth $52,000. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wix.com Trading Down 0.0 %

Shares of WIX stock opened at $199.16 on Thursday. Wix.com has a 1 year low of $117.58 and a 1 year high of $247.11. The firm’s 50 day moving average is $225.52 and its 200-day moving average is $194.36. The firm has a market capitalization of $10.92 billion, a price-to-earnings ratio of 84.75, a PEG ratio of 2.83 and a beta of 1.58.

Wix.com Company Profile

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.