Wix.com Ltd. (NASDAQ: WIX – Get a rating) has been assigned a consensus “Buy” rating by the twenty-two rating agencies that currently cover the company, market beat reports. Nine analysts rated the stock with a hold recommendation and ten gave the company a buy recommendation. The 12-month average price target among analysts who have covered the stock over the past year is $183.71.
Several stock analysts have recently weighed in on the stock. Wedbush lowered its price target on Wix.com shares from $200.00 to $162.00 in a Monday, February 14 research report. Truist Financial lowered its price target on Wix.com shares from $290.00 to $170.00 and set a “buy” rating on the stock in a Thursday, February 17 research report. StockNews.com began covering Wix.com shares in a research report on Thursday, March 31. They have placed a “holding” rating on the stock. Royal Bank of Canada lowered its price target on shares of Wix.com from $200.00 to $85.00 and set an “industry performance” rating on the stock in a research report on Thursday February 17. Finally, Wolfe Research lowered its price target on Wix.com shares from $200.00 to $150.00 and set an “outperform” rating on the stock in a Thursday, February 17 research report.
Several institutional investors and hedge funds have recently increased or reduced their holdings in WIX. Stephens Inc. AR increased its position in Wix.com shares by 200.0% during Q3. Stephens Inc. AR now owns 150 shares of the information services provider worth $29,000 after buying an additional 100 shares in the last quarter. Sandy Spring Bank increased its position in Wix.com shares by 70.2% during Q3. Sandy Spring Bank now owns 160 shares of the information services provider worth $32,000 after buying 66 more shares in the last quarter. First Horizon Advisors Inc. increased its position in Wix.com shares by 5,261.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 697 shares of the information services provider worth $41,000 after buying an additional 684 shares in the last quarter. CWM LLC purchased a new stock position of Wix.com during Q4 for $44,000. Finally, Parallel Advisors LLC increased its equity stake in Wix.com by 73.3% during the 4th quarter. Parallel Advisors LLC now owns 298 shares of the information services provider worth $47,000 after acquiring 126 additional shares in the last quarter. Hedge funds and other institutional investors hold 89.47% of the company’s shares.
Shares of NASDAQ WIX opened at $96.27 on Thursday. Wix.com has a fifty-two week minimum of $70.70 and a fifty-two week maximum of $329.00. The stock has a market capitalization of $5.51 billion, a price-earnings ratio of -29.90 and a beta of 1.44. The company has a debt ratio of 6.33, a quick ratio of 1.79 and a current ratio of 1.79. The company’s 50-day simple moving average is $94.50 and its 200-day simple moving average is $140.26.
Wix.com (NASDAQ: WIX – Get a rating) last announced its quarterly results on Wednesday, February 16. The information services provider reported ($1.35) earnings per share for the quarter, meeting Thomson Reuters’ consensus estimate of ($1.35). Wix.com had a negative net margin of 14.03% and a negative return on equity of 94.76%. The company posted revenue of $328.30 million for the quarter, compared to $332.80 million expected by analysts. In the same quarter last year, the company achieved EPS of ($0.80). The company’s revenue for the quarter increased by 16.2% compared to the same quarter last year. On average, sell-side analysts expect Wix.com to post an EPS of -5.53 for the current year.
About Wix.com (Get a 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 email marketing services. The company was founded by Avishai Abrahami, Nadav Abrahami and Giora Kaplan on October 5, 2006 and is based in Tel Aviv, Israel.
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