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

Shares of Wix.com Ltd. (NASDAQ:WIX) have been assigned an average recommendation of “Moderate Buy” from the twenty-four research firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, nineteen have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $179.6667.

Several research analysts have recently commented on WIX shares. JMP Securities set a $185.00 target price on shares of Wix.com in a report on Thursday, November 20th. Royal Bank Of Canada lowered their price objective on Wix.com from $210.00 to $190.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Morgan Stanley dropped their price objective on Wix.com from $200.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. B. Riley reissued a “buy” rating and set a $200.00 target price (down from $230.00) on shares of Wix.com in a report on Thursday, November 20th. Finally, Oppenheimer dropped their price target on Wix.com from $220.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th.

Wix.com Stock Performance

NASDAQ:WIX opened at $104.71 on Wednesday. Wix.com has a 52 week low of $92.23 and a 52 week high of $247.11. The firm’s 50-day simple moving average is $117.72 and its 200 day simple moving average is $139.19. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 44.75, a P/E/G ratio of 2.10 and a beta of 1.42.

Institutional Trading of Wix.com

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Westside Investment Management Inc. raised its position in Wix.com by 100.0% during the third quarter. Westside Investment Management Inc. now owns 154 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 77 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Wix.com by 63.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 170 shares of the information services provider’s stock valued at $28,000 after purchasing an additional 66 shares during the last quarter. Twin Tree Management LP acquired a new position in shares of Wix.com during the 1st quarter worth $29,000. Geneos Wealth Management Inc. raised its holdings in shares of Wix.com by 632.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock worth $41,000 after buying an additional 215 shares in the last quarter. Finally, National Bank of Canada FI acquired a new position in shares of Wix.com during the 3rd quarter worth $54,000. Institutional investors own 81.52% of the company’s stock.

Wix.com Company Profile

Wix.com Ltd. operates a cloud-based platform that enables individuals and businesses to create, manage and develop professional web presences through an intuitive drag-and-drop interface. The company’s software-as-a-service model provides hosting, customizable templates and a range of design tools, eliminating the need for coding expertise. Users can choose from a variety of premium plans to access custom domains, enhanced storage, and advanced performance features tailored to personal projects, small businesses and online storefronts.

Beyond its core website builder, Wix offers a suite of complementary services designed to support digital growth and marketing.