Wix.com Ltd. (NASDAQ:WIX) Receives $210.71 Average Target Price from Analysts

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

Several equities research analysts have issued reports on WIX shares. Cantor Fitzgerald increased their price target on Wix.com from $200.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Benchmark upped their price target on shares of Wix.com from $225.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Bank of America raised their price objective on shares of Wix.com from $190.00 to $228.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Barclays boosted their price objective on shares of Wix.com from $184.00 to $236.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Finally, Piper Sandler increased their target price on Wix.com from $200.00 to $249.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Wix.com by 23.1% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 263,534 shares of the information services provider’s stock worth $44,055,000 after acquiring an additional 49,500 shares during the last quarter. Toth Financial Advisory Corp acquired a new position in shares of Wix.com in the third quarter valued at $661,000. Dimensional Fund Advisors LP raised its position in shares of Wix.com by 448.6% in the second quarter. Dimensional Fund Advisors LP now owns 8,646 shares of the information services provider’s stock valued at $1,375,000 after purchasing an additional 7,070 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Wix.com by 60.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 30,393 shares of the information services provider’s stock worth $5,081,000 after buying an additional 11,497 shares during the last quarter. Finally, Lakehouse Capital Pty Ltd boosted its holdings in shares of Wix.com by 26.2% during the 3rd quarter. Lakehouse Capital Pty Ltd now owns 60,708 shares of the information services provider’s stock worth $10,148,000 after buying an additional 12,600 shares during the period. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wix.com Stock Down 1.8 %

Shares of WIX stock opened at $215.14 on Friday. Wix.com has a 12-month low of $114.18 and a 12-month high of $229.79. The firm has a fifty day moving average of $190.48 and a 200-day moving average of $171.57. The firm has a market capitalization of $11.79 billion, a price-to-earnings ratio of 134.46, a price-to-earnings-growth ratio of 4.22 and a beta of 1.55.

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.