Wix.com Ltd. (NASDAQ:WIX) Short Interest Update

Wix.com Ltd. (NASDAQ:WIX - Get Free Report) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 1,550,000 shares, an increase of 29.2% from the December 31st total of 1,200,000 shares. Based on an average daily trading volume, of 541,200 shares, the days-to-cover ratio is currently 2.9 days. Approximately 2.9% of the company's stock are sold short.

Wix.com Stock Up 0.1 %

Shares of WIX traded up $0.25 during trading hours on Thursday, hitting $242.39. The company had a trading volume of 561,177 shares, compared to its average volume of 776,977. The business has a fifty day moving average of $224.84 and a 200-day moving average of $185.79. The firm has a market cap of $13.29 billion, a price-to-earnings ratio of 151.49, a PEG ratio of 2.62 and a beta of 1.56. Wix.com has a 12 month low of $117.58 and a 12 month high of $247.11.

Analyst Upgrades and Downgrades

WIX has been the topic of several research reports. StockNews.com upgraded Wix.com from a "hold" rating to a "buy" rating in a research note on Saturday, November 23rd. Evercore ISI raised shares of Wix.com to a "strong-buy" rating in a research report on Thursday, November 21st. Robert W. Baird boosted their price target on shares of Wix.com from $175.00 to $215.00 and gave the stock a "neutral" rating in a research report on Monday, November 25th. Bank of America increased their price objective on shares of Wix.com from $190.00 to $228.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Finally, Barclays lifted their target price on Wix.com from $184.00 to $236.00 and gave the company an "overweight" rating in a research report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $234.06.

Institutional Investors Weigh In On Wix.com

A number of institutional investors have recently made changes to their positions in WIX. SG Americas Securities LLC increased its stake in shares of Wix.com by 558.5% during the fourth quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider's stock worth $101,253,000 after purchasing an additional 400,265 shares during the period. Captrust Financial Advisors increased its position in Wix.com by 545.7% during the 3rd quarter. Captrust Financial Advisors now owns 238,465 shares of the information services provider's stock worth $39,864,000 after buying an additional 201,532 shares during the period. Whale Rock Capital Management LLC lifted its holdings in shares of Wix.com by 31.6% during the third quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider's stock worth $115,475,000 after buying an additional 165,810 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Wix.com by 90.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 184,099 shares of the information services provider's stock valued at $39,859,000 after acquiring an additional 87,327 shares during the period. Finally, Polar Asset Management Partners Inc. grew its stake in shares of Wix.com by 192.9% in the third quarter. Polar Asset Management Partners Inc. now owns 98,500 shares of the information services provider's stock valued at $16,466,000 after acquiring an additional 64,869 shares in the last quarter. Institutional investors own 81.52% of the company's stock.

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.