Short Interest in Wix.com Ltd. (NASDAQ:WIX) Rises By 29.2%

Wix.com Ltd. (NASDAQ:WIX) was the target of a significant increase in short interest during the month of 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. Currently, 2.9% of the company’s stock are short sold. Based on an average daily trading volume, of 541,200 shares, the short-interest ratio is currently 2.9 days.

Wix.com Stock Up 0.1 %

WIX stock opened at $242.39 on Friday. The company has a market cap of $13.29 billion, a PE ratio of 151.49, a price-to-earnings-growth ratio of 2.70 and a beta of 1.56. The business has a 50-day simple moving average of $224.84 and a 200 day simple moving average of $185.79. Wix.com has a 52 week low of $117.58 and a 52 week high of $247.11.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WIX. Dimensional Fund Advisors LP raised its stake in Wix.com by 448.6% in the second quarter. Dimensional Fund Advisors LP now owns 8,646 shares of the information services provider’s stock valued at $1,375,000 after purchasing an additional 7,070 shares in the last quarter. Bank of Montreal Can raised its stake in Wix.com by 11.0% during the second quarter. Bank of Montreal Can now owns 23,577 shares of the information services provider’s stock worth $3,757,000 after acquiring an additional 2,330 shares in the last quarter. Marshall Wace LLP acquired a new position in Wix.com during the second quarter worth about $325,000. Toronto Dominion Bank raised its stake in Wix.com by 19.0% during the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock worth $124,000 after acquiring an additional 124 shares in the last quarter. Finally, MBB Public Markets I LLC raised its stake in Wix.com by 123.7% during the second quarter. MBB Public Markets I LLC now owns 3,749 shares of the information services provider’s stock worth $596,000 after acquiring an additional 2,073 shares in the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays lifted their price objective on shares of Wix.com from $184.00 to $236.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Robert W. Baird lifted their price objective 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. Jefferies Financial Group lifted their price objective on shares of Wix.com from $225.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Raymond James raised shares of Wix.com from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $225.00 to $300.00 in a research report on Tuesday, January 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 price objective on shares of Wix.com in a research report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Wix.com has an average rating of “Moderate Buy” and a consensus target price of $234.06.

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.