Wix.com Ltd. (NASDAQ:WIX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Wix.com Ltd. (NASDAQ:WIX) has been assigned an average recommendation of “Moderate Buy” from the twenty-two research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $96.75.

Several analysts have weighed in on the company. Wells Fargo & Company lowered their target price on Wix.com from $54.00 to $47.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 9th. Cantor Fitzgerald cut their price target on Wix.com from $110.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. UBS Group decreased their price objective on shares of Wix.com from $68.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 10th. Jefferies Financial Group dropped their target price on shares of Wix.com from $200.00 to $130.00 and set a “buy” rating for the company in a report on Monday, February 23rd. Finally, Weiss Ratings cut shares of Wix.com from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th.

Wix.com Stock Performance

Shares of Wix.com stock opened at $42.49 on Wednesday. The company has a 50-day moving average of $61.08 and a two-hundred day moving average of $78.67. Wix.com has a 12-month low of $40.51 and a 12-month high of $190.93. The stock has a market cap of $2.48 billion, a PE ratio of -54.47 and a beta of 0.92.

Wix.com (NASDAQ:WIX) last announced its quarterly earnings results on Wednesday, May 13th. The information services provider reported $0.68 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.53). The firm had revenue of $541.17 million for the quarter, compared to analysts’ expectations of $544.04 million. Wix.com had a negative return on equity of 33.28% and a negative net margin of 1.97%.Wix.com’s revenue was up 14.2% compared to the same quarter last year. During the same period last year, the firm earned $1.69 EPS. On average, sell-side analysts forecast that Wix.com will post -0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its holdings in Wix.com by 122.2% during the 4th quarter. Farther Finance Advisors LLC now owns 240 shares of the information services provider’s stock valued at $25,000 after buying an additional 132 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of Wix.com in the fourth quarter worth $27,000. Geneos Wealth Management Inc. raised its holdings in shares of Wix.com by 632.4% in the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock worth $41,000 after acquiring an additional 215 shares during the last quarter. Employees Retirement System of Texas lifted its position in shares of Wix.com by 129.9% in the fourth quarter. Employees Retirement System of Texas now owns 446 shares of the information services provider’s stock valued at $46,000 after acquiring an additional 252 shares in the last quarter. Finally, Banque Cantonale Vaudoise lifted its position in shares of Wix.com by 464.8% in the fourth quarter. Banque Cantonale Vaudoise now owns 497 shares of the information services provider’s stock valued at $52,000 after acquiring an additional 409 shares in the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Wix.com Company Profile

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.