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

Wix.com Ltd. (NASDAQ:WIX - Get Free Report) has received an average recommendation of "Moderate Buy" from the nineteen research firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $220.59.

A number of equities research analysts have recently weighed in on the company. B. Riley lifted their target price on Wix.com from $190.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Citigroup lifted their price objective on shares of Wix.com from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Bank of America boosted their price objective on shares of Wix.com from $190.00 to $228.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Needham & Company LLC reiterated a "buy" rating and issued a $200.00 price target on shares of Wix.com in a research report on Wednesday, November 20th. Finally, Jefferies Financial Group boosted their price target on Wix.com from $225.00 to $260.00 and gave the company a "buy" rating in a research note on Monday.

Wix.com Stock Up 1.7 %

Shares of WIX stock traded up $3.78 during trading on Wednesday, reaching $224.49. 450,440 shares of the company's stock were exchanged, compared to its average volume of 580,288. The firm's fifty day moving average price is $206.30 and its 200-day moving average price is $177.35. Wix.com has a twelve month low of $117.58 and a twelve month high of $229.79. The stock has a market capitalization of $12.31 billion, a PE ratio of 140.31, a PEG ratio of 4.22 and a beta of 1.56.

Institutional Trading of Wix.com

A number of institutional investors have recently bought and sold shares of the company. Fulton Bank N.A. acquired a new stake in shares of Wix.com during the 4th quarter worth approximately $211,000. CWA Asset Management Group LLC acquired a new stake in Wix.com in the fourth quarter worth $1,042,000. GAMMA Investing LLC increased its stake in Wix.com by 962.7% in the fourth quarter. GAMMA Investing LLC now owns 542 shares of the information services provider's stock valued at $116,000 after purchasing an additional 491 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Wix.com by 8.9% during the third quarter. Franklin Resources Inc. now owns 47,143 shares of the information services provider's stock valued at $7,673,000 after purchasing an additional 3,864 shares during the period. Finally, Tidal Investments LLC boosted its position in shares of Wix.com by 3.4% during the 3rd quarter. Tidal Investments LLC now owns 34,646 shares of the information services provider's stock worth $5,792,000 after purchasing an additional 1,127 shares in the last quarter. 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.