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

Wix.com Ltd. (NASDAQ:WIX) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 1,550,000 shares, a growth of 29.2% from the December 31st total of 1,200,000 shares. Currently, 2.9% of the shares of the stock are short sold. Based on an average trading volume of 541,200 shares, the days-to-cover ratio is presently 2.9 days.

Wix.com Stock Performance

Shares of WIX stock opened at $242.39 on Friday. The company has a market capitalization of $13.29 billion, a P/E ratio of 151.49, a price-to-earnings-growth ratio of 2.70 and a beta of 1.56. The company’s 50 day moving average price is $224.84 and its two-hundred day moving average price is $185.79. Wix.com has a 52 week low of $117.58 and a 52 week high of $247.11.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on WIX shares. Needham & Company LLC restated a “buy” rating and issued a $200.00 price objective on shares of Wix.com in a research report on Wednesday, November 20th. JPMorgan Chase & Co. raised their target price on shares of Wix.com from $195.00 to $205.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Benchmark raised 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. Barclays raised their target price on shares of Wix.com from $184.00 to $236.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Finally, Piper Sandler raised their target price on shares of Wix.com from $200.00 to $249.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Wix.com currently has an average rating of “Moderate Buy” and a consensus price target of $234.06.

Institutional Trading of Wix.com

Several hedge funds have recently bought and sold shares of the stock. Clearbridge Investments LLC raised its holdings in shares of Wix.com by 2.9% in the second quarter. Clearbridge Investments LLC now owns 1,197,474 shares of the information services provider’s stock valued at $190,482,000 after purchasing an additional 33,338 shares during the last quarter. Senvest Management LLC raised its holdings in shares of Wix.com by 4.7% in the third quarter. Senvest Management LLC now owns 1,118,081 shares of the information services provider’s stock valued at $186,910,000 after purchasing an additional 50,482 shares during the last quarter. Whale Rock Capital Management LLC raised its holdings in shares of Wix.com by 31.6% in the third quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider’s stock valued at $115,475,000 after purchasing an additional 165,810 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Wix.com by 558.5% in the fourth quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider’s stock valued at $101,253,000 after purchasing an additional 400,265 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Wix.com by 3.2% in the third quarter. Geode Capital Management LLC now owns 461,902 shares of the information services provider’s stock valued at $76,848,000 after purchasing an additional 14,340 shares during the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.

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.