Wix.com Ltd. (NASDAQ:WIX) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of Wix.com Ltd. (NASDAQ:WIX - Get Free Report) have earned an average recommendation of "Moderate Buy" from the seventeen research firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $175.59.

Several equities analysts have commented on the stock. JMP Securities raised their price target on shares of Wix.com from $150.00 to $180.00 and gave the company a "market outperform" rating in a research report on Tuesday, May 21st. Bank of America raised their price target on shares of Wix.com from $153.00 to $183.00 and gave the company a "buy" rating in a research report on Thursday, June 6th. Raymond James assumed coverage on shares of Wix.com in a research report on Wednesday, March 27th. They issued an "outperform" rating and a $160.00 price target for the company. B. Riley lifted their price objective on shares of Wix.com from $154.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, May 21st. Finally, Jefferies Financial Group lifted their price objective on shares of Wix.com from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, May 20th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WIX. UBS Group AG increased its stake in Wix.com by 323.4% in the third quarter. UBS Group AG now owns 31,618 shares of the information services provider's stock valued at $2,903,000 after purchasing an additional 24,151 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of Wix.com by 5.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,486 shares of the information services provider's stock worth $226,000 after acquiring an additional 129 shares during the period. Korea Investment CORP increased its stake in shares of Wix.com by 26.6% during the third quarter. Korea Investment CORP now owns 19,648 shares of the information services provider's stock worth $1,804,000 after acquiring an additional 4,123 shares during the period. Dark Forest Capital Management LP acquired a new position in shares of Wix.com during the third quarter worth about $1,192,000. Finally, Mariner LLC increased its stake in shares of Wix.com by 12.9% during the third quarter. Mariner LLC now owns 4,794 shares of the information services provider's stock worth $440,000 after acquiring an additional 549 shares during the period. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wix.com Stock Performance

Shares of NASDAQ WIX traded up $0.43 during midday trading on Friday, reaching $158.32. 414,773 shares of the stock were exchanged, compared to its average volume of 664,185. The company has a 50 day simple moving average of $144.95 and a 200 day simple moving average of $134.30. The stock has a market capitalization of $9.05 billion, a P/E ratio of 138.88, a PEG ratio of 3.73 and a beta of 1.46. Wix.com has a twelve month low of $74.41 and a twelve month high of $178.65.

Wix.com (NASDAQ:WIX - Get Free Report) last posted its earnings results on Monday, May 20th. The information services provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.18. Wix.com had a net margin of 4.20% and a negative return on equity of 59.67%. The firm had revenue of $419.78 million during the quarter, compared to the consensus estimate of $417.71 million. On average, research analysts expect that Wix.com will post 1.91 earnings per share for the current year.

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.