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

Wix.com Ltd. (NASDAQ:WIX - Get Free Report) has received an average rating of "Moderate Buy" from the eighteen research firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $190.06.

Several research firms have recently weighed in on WIX. Needham & Company LLC reissued a "buy" rating and issued a $190.00 target price on shares of Wix.com in a research report on Wednesday, August 7th. JMP Securities reaffirmed a "market outperform" rating and issued a $180.00 price target on shares of Wix.com in a research note on Thursday, July 25th. Evercore ISI raised shares of Wix.com to a "strong-buy" rating in a research note on Monday, August 5th. Barclays cut their price target on shares of Wix.com from $186.00 to $184.00 and set an "overweight" rating on the stock in a report on Tuesday, October 1st. Finally, KeyCorp started coverage on shares of Wix.com in a report on Thursday, July 25th. They set a "sector weight" rating on the stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in Wix.com by 98.0% during the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider's stock worth $31,000 after acquiring an additional 98 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Wix.com by 112.1% in the third quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider's stock valued at $41,000 after buying an additional 130 shares in the last quarter. CWM LLC lifted its stake in Wix.com by 19.0% in the third quarter. CWM LLC now owns 632 shares of the information services provider's stock valued at $106,000 after buying an additional 101 shares in the last quarter. Industrial Alliance Investment Management Inc. lifted its stake in Wix.com by 246.5% in the first quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider's stock valued at $94,000 after buying an additional 488 shares in the last quarter. Finally, Toronto Dominion Bank lifted its stake in Wix.com by 19.0% in the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider's stock valued at $124,000 after buying an additional 124 shares in the last quarter. Institutional investors own 81.52% of the company's stock.

Wix.com Stock Performance

Shares of NASDAQ:WIX traded up $3.54 during midday trading on Tuesday, hitting $183.87. 724,954 shares of the company's stock traded hands, compared to its average volume of 542,948. The company has a market cap of $10.08 billion, a PE ratio of 145.77, a P/E/G ratio of 3.83 and a beta of 1.47. The firm's fifty day moving average price is $166.46 and its two-hundred day moving average price is $160.95. Wix.com has a twelve month low of $95.39 and a twelve month high of $192.00.

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.