Wix.com Ltd. (NASDAQ:WIX) Receives $190.06 Average Target Price from Analysts

Wix.com Ltd. (NASDAQ:WIX) has been given a consensus recommendation of “Moderate Buy” by the nineteen research firms that are presently covering the stock, Marketbeat Ratings reports. Four investment 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 twelve-month price target among analysts that have issued ratings on the stock in the last year is $210.71.

WIX has been the subject of a number of analyst reports. Royal Bank of Canada increased their price target 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. Barclays raised their price objective on Wix.com from $184.00 to $236.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Bank of America boosted their target price on Wix.com from $190.00 to $228.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. raised their price target on Wix.com from $195.00 to $205.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Finally, Cantor Fitzgerald boosted 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.

Institutional Investors Weigh In On Wix.com

Institutional investors have recently bought and sold shares of the company. Blue Trust Inc. raised its stake in Wix.com by 98.0% in the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock valued at $31,000 after buying an additional 98 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Wix.com by 112.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock valued at $41,000 after purchasing an additional 130 shares during the last quarter. CWM LLC raised its position 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 valued at $106,000 after purchasing an additional 101 shares during the last quarter. Industrial Alliance Investment Management Inc. boosted its stake in Wix.com by 246.5% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock worth $94,000 after purchasing an additional 488 shares in the last quarter. Finally, Toronto Dominion Bank grew its position in Wix.com by 19.0% during the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock worth $124,000 after purchasing an additional 124 shares during the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wix.com Trading Up 2.9 %

NASDAQ:WIX opened at $223.41 on Tuesday. The company has a market capitalization of $12.25 billion, a P/E ratio of 135.75, a P/E/G ratio of 4.24 and a beta of 1.47. The business’s 50-day moving average is $170.73 and its 200 day moving average is $163.40. Wix.com has a 12 month low of $95.65 and a 12 month high of $223.95.

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.