Analysts Set Wix.com Ltd. (NASDAQ:WIX) PT at $220.59

Shares of Wix.com Ltd. (NASDAQ:WIX) have been given a consensus rating of “Moderate Buy” by the nineteen research firms that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $220.59.

WIX has been the topic of a number of research analyst reports. StockNews.com raised shares of Wix.com from a “hold” rating to a “buy” rating in a research report on Saturday, November 23rd. Needham & Company LLC restated a “buy” rating and set a $200.00 target price on shares of Wix.com in a research report on Wednesday, November 20th. JPMorgan Chase & Co. lifted their target price on Wix.com from $195.00 to $205.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Bank of America increased their price target on Wix.com from $190.00 to $228.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Evercore ISI raised shares of Wix.com to a “strong-buy” rating in a research report on Thursday, November 21st.

Wix.com Trading Down 2.6 %

NASDAQ WIX opened at $218.62 on Wednesday. Wix.com has a 12 month low of $117.58 and a 12 month high of $229.79. The firm has a market capitalization of $11.99 billion, a PE ratio of 136.64, a price-to-earnings-growth ratio of 4.22 and a beta of 1.56. The business’s 50-day moving average price is $209.67 and its two-hundred day moving average price is $178.72.

Institutional Investors Weigh In On Wix.com

A number of institutional investors and hedge funds have recently bought and sold shares of WIX. Dorsal Capital Management LP lifted its position in shares of Wix.com by 23.8% during the second quarter. Dorsal Capital Management LP now owns 1,300,000 shares of the information services provider’s stock valued at $206,791,000 after purchasing an additional 250,000 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Wix.com by 545.7% during the 3rd quarter. Captrust Financial Advisors now owns 238,465 shares of the information services provider’s stock worth $39,864,000 after buying an additional 201,532 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Wix.com by 27.9% during the 2nd quarter. Renaissance Technologies LLC now owns 785,649 shares of the information services provider’s stock worth $124,973,000 after buying an additional 171,500 shares in the last quarter. Whale Rock Capital Management LLC boosted its stake in shares of Wix.com by 31.6% in the 3rd quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider’s stock worth $115,475,000 after buying an additional 165,810 shares during the last quarter. Finally, Driehaus Capital Management LLC purchased a new position in shares of Wix.com in the 2nd quarter worth approximately $13,646,000. 81.52% of the stock is owned by hedge funds and other institutional investors.

About Wix.com

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.