Wix.com Ltd. (NASDAQ:WIX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Wix.com Ltd. (NASDAQ:WIX) have earned an average recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $220.59.

A number of research firms have weighed in on WIX. Benchmark boosted their target price on shares of Wix.com from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Evercore ISI raised Wix.com to a “strong-buy” rating in a report on Thursday, November 21st. Piper Sandler upped their price target on Wix.com from $200.00 to $249.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. lifted their price objective on Wix.com from $195.00 to $205.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Finally, Royal Bank of Canada upped their price objective on shares of Wix.com from $190.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday, November 21st.

Institutional Trading of Wix.com

A number of large investors have recently modified their holdings of WIX. Wealth Enhancement Advisory Services LLC raised its stake in Wix.com by 2.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,338 shares of the information services provider’s stock valued at $502,000 after purchasing an additional 63 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Wix.com by 98.0% in the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after buying an additional 98 shares during the last quarter. CWM LLC increased its holdings 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 worth $106,000 after buying an additional 101 shares during the last quarter. Toronto Dominion Bank raised its position in shares of Wix.com by 19.0% during the 2nd 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. Finally, Advisors Asset Management Inc. lifted its holdings 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 worth $41,000 after acquiring an additional 130 shares during the last quarter. Institutional investors own 81.52% of the company’s stock.

Wix.com Stock Performance

WIX opened at $218.62 on Wednesday. The firm has a market cap of $11.99 billion, a P/E ratio of 136.64, a PEG ratio of 4.22 and a beta of 1.56. Wix.com has a fifty-two week low of $117.58 and a fifty-two week high of $229.79. The firm has a 50-day moving average of $209.67 and a 200 day moving average of $178.72.

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.