Short Interest in Wix.com Ltd. (NASDAQ:WIX) Increases By 22.2%

Wix.com Ltd. (NASDAQ:WIX) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 5,566,083 shares, a growth of 22.2% from the December 15th total of 4,553,515 shares. Based on an average daily trading volume, of 1,010,174 shares, the days-to-cover ratio is presently 5.5 days. Approximately 10.6% of the shares of the company are short sold. Approximately 10.6% of the shares of the company are short sold. Based on an average daily trading volume, of 1,010,174 shares, the days-to-cover ratio is presently 5.5 days.

Analysts Set New Price Targets

WIX has been the topic of several recent research reports. Oppenheimer dropped their price objective on shares of Wix.com from $220.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Wells Fargo & Company cut their price target on Wix.com from $184.00 to $176.00 and set an “overweight” rating on the stock in a research report on Friday, December 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Wix.com in a research note on Wednesday, October 8th. Wall Street Zen downgraded Wix.com from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Finally, Citizens Jmp reduced their price target on Wix.com from $210.00 to $185.00 and set a “market outperform” rating for the company in a research report on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Wix.com presently has a consensus rating of “Moderate Buy” and an average target price of $166.95.

Institutional Trading of Wix.com

Several institutional investors have recently bought and sold shares of WIX. Hennion & Walsh Asset Management Inc. increased its position in shares of Wix.com by 2.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 6,666 shares of the information services provider’s stock valued at $693,000 after buying an additional 142 shares in the last quarter. Dream Peak Capital Ltd purchased a new stake in Wix.com in the 4th quarter worth $1,500,000. Legacy Wealth Asset Management LLC acquired a new position in Wix.com during the fourth quarter worth $306,000. SG Americas Securities LLC raised its position in Wix.com by 139.7% during the fourth quarter. SG Americas Securities LLC now owns 952,803 shares of the information services provider’s stock worth $98,987,000 after acquiring an additional 555,305 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Wix.com by 7.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,707 shares of the information services provider’s stock valued at $172,000 after purchasing an additional 120 shares in the last quarter. 81.52% of the stock is owned by institutional investors and hedge funds.

Wix.com Stock Down 4.3%

WIX stock opened at $80.16 on Monday. Wix.com has a 52-week low of $80.06 and a 52-week high of $247.11. The firm has a market cap of $4.50 billion, a P/E ratio of 34.26, a PEG ratio of 2.53 and a beta of 1.42. The company’s 50-day simple moving average is $103.44 and its 200-day simple moving average is $131.59.

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.