Wix.com Ltd. (NASDAQ:WIX – Get Rating) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 3,790,000 shares, a growth of 28.5% from the March 15th total of 2,950,000 shares. Currently, 7.4% of the company's stock are sold short. Based on an average daily volume of 702,600 shares, the short-interest ratio is currently 5.4 days.

Wix.com Stock Up 1.0 %

Shares of NASDAQ:WIX opened at $90.86 on Tuesday. Wix.com has a 12-month low of $53.12 and a 12-month high of $101.55. The stock has a market cap of $5.16 billion, a PE ratio of -12.36 and a beta of 1.24. The business has a 50 day moving average of $90.96 and a 200-day moving average of $84.84.

Institutional Investors Weigh In On Wix.com

Institutional investors have recently made changes to their positions in the company. Edmond DE Rothschild Holding S.A. grew its holdings in shares of Wix.com by 29.0% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 600 shares of the information services provider's stock worth $46,000 after purchasing an additional 135 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Wix.com by 21.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 763 shares of the information services provider's stock valued at $56,000 after acquiring an additional 136 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Wix.com by 5.0% during the third quarter. Prudential Financial Inc. now owns 3,237 shares of the information services provider's stock valued at $221,000 after acquiring an additional 153 shares in the last quarter. First Republic Investment Management Inc. raised its holdings in shares of Wix.com by 2.7% during the second quarter. First Republic Investment Management Inc. now owns 6,310 shares of the information services provider's stock valued at $414,000 after acquiring an additional 167 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in shares of Wix.com by 1.7% during the third quarter. Teacher Retirement System of Texas now owns 10,122 shares of the information services provider's stock valued at $792,000 after acquiring an additional 169 shares in the last quarter. Institutional investors own 91.90% of the company's stock.

Wall Street Analysts Forecast Growth

WIX has been the subject of a number of research reports. Credit Suisse Group reiterated an "outperform" rating and set a $105.00 price objective on shares of Wix.com in a report on Thursday, February 23rd. Piper Sandler upgraded Wix.com from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $99.00 to $120.00 in a report on Tuesday, March 21st. Wolfe Research reaffirmed an "outperform" rating and set a $105.00 price target (up previously from $100.00) on shares of Wix.com in a research report on Thursday, February 23rd. Robert W. Baird began coverage on Wix.com in a report on Tuesday, April 11th. They issued a "neutral" rating and a $105.00 price objective for the company. Finally, Barclays boosted their target price on shares of Wix.com from $78.00 to $87.00 and gave the stock an "equal weight" rating in a report on Thursday, February 23rd. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Wix.com has a consensus rating of "Moderate Buy" and a consensus target price of $106.87.

Wix.com Company Profile

(Get Rating)

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.

Featured Articles

• Get a free copy of the StockNews.com research report on Wix.com (WIX)
• Why State Street Stock Is Sliding After Announcing Earnings
• Charles Schwab's Recovery Just Shifted Gears
• Is Ollie's Bargain Outlets A Value Or A Trap?
• Amyris May be Oversold, but is it Worth Fighting the Shorts?
• Macau Casinos Are Hot: Is MGM Resorts The Play?

Receive News & Ratings for Wix.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wix.com and related companies with MarketBeat.com's FREE daily email newsletter.