Brokerages Set Wix.com Ltd. (NASDAQ:WIX) PT at $210.71

Wix.com Ltd. (NASDAQ:WIX) has received an average rating of “Moderate Buy” from the nineteen research firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $210.71.

A number of equities analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on Wix.com from $195.00 to $205.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Robert W. Baird lifted their price target on Wix.com from $175.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, November 25th. Needham & Company LLC reissued a “buy” rating and set a $200.00 price objective on shares of Wix.com in a report on Wednesday, November 20th. Benchmark raised their price objective on shares of Wix.com from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Evercore ISI upgraded shares of Wix.com to a “strong-buy” rating in a research report on Thursday, November 21st.

Hedge Funds Weigh In On Wix.com

Several institutional investors have recently modified their holdings of WIX. Blue Trust Inc. boosted its position in shares of Wix.com by 98.0% during the third quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock worth $31,000 after purchasing an additional 98 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Wix.com by 112.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock worth $41,000 after buying an additional 130 shares during the period. CWM LLC lifted its holdings in Wix.com by 19.0% during the third quarter. CWM LLC now owns 632 shares of the information services provider’s stock worth $106,000 after acquiring an additional 101 shares in the last quarter. Toronto Dominion Bank lifted its holdings 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, Metis Global Partners LLC acquired a new position in Wix.com in the third quarter valued at about $200,000. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wix.com Price Performance

Shares of WIX opened at $221.37 on Friday. The company has a market capitalization of $12.14 billion, a P/E ratio of 138.36, a PEG ratio of 4.22 and a beta of 1.55. Wix.com has a one year low of $114.18 and a one year high of $229.79. The business’s 50 day simple moving average is $193.64 and its 200-day simple moving average is $172.57.

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.