Fintel reports that on October 24, 2023, Seaport Global initiated coverage of Wix.com (NASDAQ:WIX) with a Buy recommendation.
Analyst Price Forecast Suggests 43.83% Upside
As of October 5, 2023, the average one-year price target for Wix.com is 121.61. The forecasts range from a low of 101.00 to a high of $136.50. The average price target represents an increase of 43.83% from its latest reported closing price of 84.55.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Wix.com is 1,521MM, an increase of 3.83%. The projected annual non-GAAP EPS is 0.87.
What is the Fund Sentiment?
There are 646 funds or institutions reporting positions in Wix.com. This is a decrease of 30 owner(s) or 4.44% in the last quarter. Average portfolio weight of all funds dedicated to WIX is 0.22%, a decrease of 8.63%. Total shares owned by institutions decreased in the last three months by 3.30% to 51,892K shares. 
The put/call ratio of WIX is 0.77, indicating a bullish outlook.
What are Other Shareholders Doing?
Baillie Gifford holds 7,944K shares representing 13.90% ownership of the company. In it's prior filing, the firm reported owning 8,024K shares, representing a decrease of 1.01%. The firm increased its portfolio allocation in WIX by 95.94% over the last quarter.
VWIGX - Vanguard International Growth Fund Investor Shares holds 4,007K shares representing 7.01% ownership of the company. No change in the last quarter.
Starboard Value holds 3,785K shares representing 6.62% ownership of the company. In it's prior filing, the firm reported owning 1,972K shares, representing an increase of 47.90%. The firm increased its portfolio allocation in WIX by 61.35% over the last quarter.
Acadian Asset Management holds 2,314K shares representing 4.05% ownership of the company. In it's prior filing, the firm reported owning 860K shares, representing an increase of 62.84%. The firm increased its portfolio allocation in WIX by 97.81% over the last quarter.
Jackson Square Partners holds 1,646K shares representing 2.88% ownership of the company. In it's prior filing, the firm reported owning 1,907K shares, representing a decrease of 15.85%. The firm decreased its portfolio allocation in WIX by 27.05% over the last quarter.
Wix.com Background Information
(This description is provided by the company.)
Wix is leading the way with a cloud-based website development platform for over 189 million registered users worldwide today. The Wix website builder was founded on the belief that the Internet should be accessible to everyone to develop, create and contribute. Through free and premium subscriptions, Wix empowers millions of businesses, organizations, artists, and individuals to take their businesses, brands and workflow online. The Wix Editor, Wix ADI, Editor X, a highly curated App Market, Ascend by Wix and Corvid by Wix enable users to build and manage a fully integrated and dynamic digital presence. Wix's headquarters are in Tel Aviv with offices in Austin, Be'er Sheva, Berlin, Cedar Rapids, Denver, Dnipro, Dublin, Kiev, Los Angeles, Miami, New York, San Francisco, São Paulo, Tokyo and Vilnius.
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This story originally appeared on Fintel.
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