Royal Bank Of Canada Issues Pessimistic Forecast for Wix.com (NASDAQ:WIX) Stock Price

Wix.com (NASDAQ:WIX) had its price target reduced by stock analysts at Royal Bank Of Canada from $155.00 to $112.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the information services provider’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 19.29% from the company’s previous close.

WIX has been the subject of a number of other research reports. Bank of America dropped their target price on Wix.com from $210.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Jefferies Financial Group lowered their price objective on Wix.com from $200.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Wells Fargo & Company dropped their price objective on Wix.com from $184.00 to $176.00 and set an “overweight” rating for the company in a report on Friday, December 19th. Zacks Research upgraded shares of Wix.com from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Finally, Needham & Company LLC reduced their target price on shares of Wix.com from $140.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Wix.com presently has an average rating of “Moderate Buy” and a consensus target price of $145.50.

Wix.com Price Performance

WIX opened at $93.89 on Thursday. The stock has a market capitalization of $5.27 billion, a P/E ratio of 115.91, a price-to-earnings-growth ratio of 2.57 and a beta of 1.39. The company’s 50 day simple moving average is $83.03 and its 200-day simple moving average is $115.76. Wix.com has a one year low of $60.22 and a one year high of $191.24.

Wix.com (NASDAQ:WIX) last posted its quarterly earnings data on Wednesday, March 4th. The information services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.45. Wix.com had a net margin of 2.54% and a negative return on equity of 70.04%. The firm had revenue of $524.27 million during the quarter, compared to analysts’ expectations of $527.69 million. During the same quarter in the previous year, the company posted $2.10 EPS. Wix.com’s revenue was up 13.9% on a year-over-year basis. As a group, analysts anticipate that Wix.com will post 3.65 EPS for the current year.

Wix.com declared that its board has initiated a stock buyback program on Wednesday, January 28th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the information services provider to repurchase up to 40.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Wix.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WIX. Westside Investment Management Inc. lifted its stake in Wix.com by 100.0% in the third quarter. Westside Investment Management Inc. now owns 154 shares of the information services provider’s stock valued at $27,000 after buying an additional 77 shares during the period. Farther Finance Advisors LLC grew its position in shares of Wix.com by 122.2% during the 4th quarter. Farther Finance Advisors LLC now owns 240 shares of the information services provider’s stock worth $25,000 after buying an additional 132 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Wix.com by 632.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock valued at $41,000 after acquiring an additional 215 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Wix.com in the 4th quarter valued at approximately $27,000. Finally, National Bank of Canada FI acquired a new stake in shares of Wix.com in the 3rd quarter valued at approximately $54,000. Institutional investors own 81.52% of the company’s stock.

More Wix.com News

Here are the key news stories impacting Wix.com this week:

• Positive Sentiment: Wix announced a modified Dutch?auction tender offer to repurchase up to $1.75 billion of its ordinary shares at $80–$92 per share; the buyback reduces float and creates immediate buying demand, which explains much of the intraday upside. GlobeNewswire Release
• Neutral Sentiment: Q4 results were mixed: Wix beat on EPS ($1.81 vs. $1.36 est.) but revenue was roughly in line / slightly under consensus and margins remain thin; management highlighted AI initiatives, recent M&A and product launches as growth drivers — these items support longer?term conviction but are partly priced in. Earnings Highlights
• Negative Sentiment: Multiple brokerages trimmed price targets today (Citigroup 150?105, Wells Fargo 176?137, RBC 155?112, Barclays 205?160, Scotiabank 175?125, Needham 140?115). While most maintain Buy/Overweight/Outperform ratings, the cuts signal more cautious near?term expectations and may limit upside despite the buyback. Benzinga coverage

About Wix.com

Wix.com Ltd. operates a cloud-based platform that enables individuals and businesses to create, manage and develop professional web presences through an intuitive drag-and-drop interface. The company’s software-as-a-service model provides hosting, customizable templates and a range of design tools, eliminating the need for coding expertise. Users can choose from a variety of premium plans to access custom domains, enhanced storage, and advanced performance features tailored to personal projects, small businesses and online storefronts.

Beyond its core website builder, Wix offers a suite of complementary services designed to support digital growth and marketing.