Wix.com Ltd. (NASDAQ:WIX) Receives Consensus Rating of “Moderate Buy” from Analysts

Wix.com Ltd. (NASDAQ:WIX) has earned a consensus rating of “Moderate Buy” from the nineteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $210.71.

A number of research firms have issued reports on WIX. B. Riley raised their target price on Wix.com from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Benchmark raised their price objective on shares of Wix.com from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. boosted their target price on shares of Wix.com from $195.00 to $205.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Evercore ISI raised shares of Wix.com to a “strong-buy” rating in a report on Thursday, November 21st. Finally, Cantor Fitzgerald upped their price objective on shares of Wix.com from $200.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st.

Wix.com Stock Performance

WIX opened at $215.14 on Friday. The company has a market cap of $11.79 billion, a PE ratio of 134.46, a price-to-earnings-growth ratio of 4.22 and a beta of 1.55. The stock has a 50-day moving average of $190.48 and a 200-day moving average of $171.57. Wix.com has a 52-week low of $114.18 and a 52-week high of $229.79.

Institutional Trading of Wix.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dorsal Capital Management LP raised its position in shares of Wix.com by 23.8% during the 2nd quarter. Dorsal Capital Management LP now owns 1,300,000 shares of the information services provider’s stock valued at $206,791,000 after acquiring an additional 250,000 shares during the last quarter. Clearbridge Investments LLC increased its holdings in Wix.com by 2.9% in the second quarter. Clearbridge Investments LLC now owns 1,197,474 shares of the information services provider’s stock valued at $190,482,000 after purchasing an additional 33,338 shares during the last quarter. Senvest Management LLC lifted its stake in Wix.com by 4.7% in the third quarter. Senvest Management LLC now owns 1,118,081 shares of the information services provider’s stock valued at $186,910,000 after buying an additional 50,482 shares during the period. Renaissance Technologies LLC boosted its holdings in Wix.com by 27.9% during the second quarter. Renaissance Technologies LLC now owns 785,649 shares of the information services provider’s stock worth $124,973,000 after buying an additional 171,500 shares during the last quarter. Finally, Whale Rock Capital Management LLC grew its position in shares of Wix.com by 31.6% during the 3rd 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 during the period. 81.52% of the stock is owned by institutional investors.

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.