Wix.com Ltd. (NASDAQ:WIX – Get Rating) has received a consensus recommendation of "Moderate Buy" from the seventeen analysts that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $107.00.
A number of research firms have commented on WIX. Credit Suisse Group reissued an "outperform" rating and issued a $105.00 target price on shares of Wix.com in a report on Thursday, February 23rd. Morgan Stanley lifted their target price on Wix.com from $94.00 to $102.00 and gave the company an "equal weight" rating in a research report on Thursday, February 23rd. Needham & Company LLC increased their price target on Wix.com from $100.00 to $125.00 in a research note on Thursday, February 23rd. Wolfe Research restated an "outperform" rating and set a $105.00 price objective (up from $100.00) on shares of Wix.com in a research report on Thursday, February 23rd. Finally, Barclays increased their target price on Wix.com from $78.00 to $87.00 and gave the company an "equal weight" rating in a research report on Thursday, February 23rd.
Get Wix.com alerts:Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Neo Ivy Capital Management purchased a new stake in Wix.com in the fourth quarter valued at approximately $532,000. Rockefeller Capital Management L.P. raised its position in Wix.com by 21.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 763 shares of the information services provider's stock valued at $56,000 after purchasing an additional 136 shares during the period. Point72 Middle East FZE purchased a new stake in shares of Wix.com during the fourth quarter worth $2,135,000. Harbour Investments Inc. increased its position in shares of Wix.com by 156.2% during the fourth quarter. Harbour Investments Inc. now owns 2,749 shares of the information services provider's stock worth $211,000 after acquiring an additional 1,676 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Wix.com during the fourth quarter worth $616,000. 91.90% of the stock is currently owned by institutional investors and hedge funds.
Wix.com Stock Performance
NASDAQ WIX opened at $95.17 on Thursday. Wix.com has a fifty-two week low of $53.12 and a fifty-two week high of $111.35. The stock has a 50 day simple moving average of $89.42 and a two-hundred day simple moving average of $83.18. The stock has a market cap of $5.45 billion, a P/E ratio of -12.95 and a beta of 1.22.
Wix.com Company Profile
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Wix.com Ltd. operates a cloud-based website design and development platform. It offers web templates, web editor, web builder, search engine optimization tools, logo maker, web hosting, and electronic mail marketing services. The company was founded by Avishai Abrahami, Nadav Abrahami, and Giora Kaplan on October 5, 2006 and is headquartered in Tel Aviv, Israel.
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