Wix.com Ltd. (NASDAQ:WIX) Receives $166.95 Consensus PT from Analysts

Wix.com Ltd. (NASDAQ:WIX) has received an average recommendation of “Moderate Buy” from the twenty-four brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, nineteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $166.9524.

A number of brokerages have issued reports on WIX. Wells Fargo & Company cut their price target on shares of Wix.com from $184.00 to $176.00 and set an “overweight” rating on the stock in a research note on Friday, December 19th. Royal Bank Of Canada set a $70.00 price target on shares of Wix.com in a research note on Wednesday, January 7th. Benchmark cut their price objective on Wix.com from $230.00 to $185.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Wall Street Zen lowered Wix.com from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Citizens Jmp cut their price target on Wix.com from $210.00 to $185.00 and set a “market outperform” rating on the stock in a report on Thursday, November 20th.

Wix.com Stock Performance

NASDAQ:WIX opened at $76.24 on Friday. Wix.com has a fifty-two week low of $75.00 and a fifty-two week high of $247.11. The company has a 50 day moving average price of $101.28 and a 200 day moving average price of $130.38. The stock has a market capitalization of $4.28 billion, a P/E ratio of 32.58, a PEG ratio of 2.52 and a beta of 1.42.

Institutional Trading of Wix.com

Hedge funds have recently added to or reduced their stakes in the company. Westside Investment Management Inc. grew its holdings in Wix.com by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 154 shares of the information services provider’s stock worth $27,000 after acquiring an additional 77 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Wix.com by 7.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,707 shares of the information services provider’s stock worth $172,000 after purchasing an additional 120 shares during the last quarter. TD Private Client Wealth LLC grew its stake in shares of Wix.com by 25.4% during the second quarter. TD Private Client Wealth LLC now owns 597 shares of the information services provider’s stock worth $95,000 after purchasing an additional 121 shares in the last quarter. Blue Trust Inc. increased its holdings in Wix.com by 47.8% in the second quarter. Blue Trust Inc. now owns 408 shares of the information services provider’s stock valued at $65,000 after buying an additional 132 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its stake in Wix.com by 2.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 6,666 shares of the information services provider’s stock valued at $693,000 after buying an additional 142 shares in the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

About Wix.com

Wix.com Ltd. operates a cloud-based platform that enables individuals and businesses to create, manage and develop professional web presences through an intuitive drag-and-drop interface. The company’s software-as-a-service model provides hosting, customizable templates and a range of design tools, eliminating the need for coding expertise. Users can choose from a variety of premium plans to access custom domains, enhanced storage, and advanced performance features tailored to personal projects, small businesses and online storefronts.

Beyond its core website builder, Wix offers a suite of complementary services designed to support digital growth and marketing.