Wix.com Ltd. (NASDAQ:WIX) Receives $210.71 Consensus Target Price from Analysts

Shares of Wix.com Ltd. (NASDAQ:WIX - Get Free Report) have received a consensus rating of "Moderate Buy" from the nineteen brokerages that are presently covering the company, MarketBeat 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 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $210.71.

Several brokerages recently commented on WIX. Barclays boosted their price target on Wix.com from $184.00 to $236.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. Piper Sandler lifted their target price 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. Needham & Company LLC restated a "buy" rating and set a $200.00 price target on shares of Wix.com in a research note on Wednesday, November 20th. Royal Bank of Canada lifted their price objective on shares of Wix.com from $190.00 to $245.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Finally, Evercore ISI upgraded shares of Wix.com to a "strong-buy" rating in a report on Thursday, November 21st.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Blue Trust Inc. lifted 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 period. 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 during the last quarter. CWM LLC lifted its stake in shares of Wix.com by 19.0% in the 3rd quarter. CWM LLC now owns 632 shares of the information services provider's stock valued at $106,000 after purchasing an additional 101 shares during the period. Toronto Dominion Bank lifted its stake in shares of Wix.com by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider's stock valued at $124,000 after purchasing an additional 124 shares during the period. Finally, Metis Global Partners LLC bought a new position in shares of Wix.com in the 3rd quarter worth $200,000. 81.52% of the stock is currently owned by institutional investors.

Wix.com Stock Performance

Shares of NASDAQ WIX traded down $4.89 during mid-day trading on Friday, reaching $219.61. The company had a trading volume of 528,549 shares, compared to its average volume of 732,070. The stock has a market capitalization of $12.04 billion, a PE ratio of 137.26, a price-to-earnings-growth ratio of 4.22 and a beta of 1.55. Wix.com has a twelve month low of $110.75 and a twelve month high of $229.79. The stock's 50 day moving average is $188.09 and its 200-day moving average is $170.74.

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.