Wix.com Ltd. (NASDAQ:WIX - Get Free Report) hit a new 52-week low during trading on Thursday . The stock traded as low as $135.54 and last traded at $138.07, with a volume of 98662 shares. The stock had previously closed at $139.37.
Analysts Set New Price Targets
Several equities research analysts have commented on the company. Citigroup cut their price objective on Wix.com from $280.00 to $238.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Robert W. Baird raised shares of Wix.com from a "neutral" rating to an "outperform" rating and dropped their price objective for the company from $215.00 to $190.00 in a research note on Friday, May 23rd. UBS Group decreased their target price on shares of Wix.com from $255.00 to $230.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 price target on shares of Wix.com in a research report on Wednesday, June 18th. Finally, B. Riley reiterated a "buy" rating and set a $230.00 price objective (down previously from $240.00) on shares of Wix.com in a research report on Wednesday, May 28th. Two analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $228.95.
Read Our Latest Stock Report on Wix.com
Wix.com Trading Down 1.0%
The company has a market capitalization of $7.74 billion, a PE ratio of 54.79, a P/E/G ratio of 2.37 and a beta of 1.31. The stock has a fifty day simple moving average of $154.97 and a 200-day simple moving average of $177.79.
Institutional Trading of Wix.com
Large investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in Wix.com by 31.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,989 shares of the information services provider's stock valued at $830,000 after acquiring an additional 1,204 shares during the last quarter. Yousif Capital Management LLC lifted its position in Wix.com by 4.9% in the first quarter. Yousif Capital Management LLC now owns 1,833 shares of the information services provider's stock valued at $299,000 after purchasing an additional 85 shares during the period. Janney Montgomery Scott LLC acquired a new position in Wix.com during the first quarter worth $5,367,000. Envestnet Asset Management Inc. boosted its holdings in Wix.com by 27.1% during the first quarter. Envestnet Asset Management Inc. now owns 35,177 shares of the information services provider's stock worth $5,747,000 after buying an additional 7,507 shares in the last quarter. Finally, LPL Financial LLC increased its stake in Wix.com by 24.4% in the 4th quarter. LPL Financial LLC now owns 7,277 shares of the information services provider's stock valued at $1,561,000 after purchasing an additional 1,429 shares in the last quarter. 81.52% of the stock is owned by institutional investors and hedge funds.
About Wix.com
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Wix.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wix.com wasn't on the list.
While Wix.com currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
