Stocks of Wix.com Ltd. (NASDAQ:WIX) traded higher last session on Wall Street, down -2.86% to $71.27.
According to the data, Wix.com Ltd. (NASDAQ:WIX) has 19 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $120.00 and a low of $78.00, we find $100.00. Given the previous closing price of $73.37, this indicates a potential upside of 36.3 percent. WIX stock price is now -12.84% away from the 50-day moving average and -5.70% away from the 200-day moving average. The market capitalization of the company currently stands at $4.21B.
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A total of 8 analysts have issued a hold rating and 10 have given it a buy rating. Brokers who have rated the stock have averaged $97.60 as their price target over the next twelve months.
With the price target of $101, Citigroup recently initiated with Buy rating for Wix.com Ltd. (NASDAQ: WIX). On November 11, 2022, JP Morgan recently initiated its ‘Neutral’ rating on the stock quoting a target price of $84, while ‘Oppenheimer’ rates the stock as ‘Outperform’.
A total of 3.32% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WIX stock. A new stake in Wix.com Ltd. shares was purchased by STARBOARD VALUE LP during the first quarter worth $183,019,000. CLEARLINE CAPITAL LP invested $21,260,000 in shares of WIX during the first quarter. In the first quarter, NOKED CAPITAL LTD acquired a new stake in Wix.com Ltd. valued at approximately $18,699,000. NOKED ISRAEL LTD acquired a new stake in WIX for approximately $18,699,000. SPHERA FUNDS MANAGEMENT LTD. purchased a new stake in WIX valued at around $9,194,000 in the second quarter. In total, there are 466 active investors with 91.70% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $72.66 for Wix.com Ltd. (NASDAQ: WIX). During the past 12 months, Wix.com Ltd. has had a low of $53.12 and a high of $163.39. The fifty day moving average price for WIX is $81.77 and a two-hundred day moving average price translates $75.58 for the stock.
The latest earnings results from Wix.com Ltd. (NASDAQ: WIX) was released for Jun, 2022. According to the Software – Infrastructure Company, earnings per share came in at -$0.14, beating analysts’ expectations of -$0.34 by 0.2. This compares to $0.27 EPS in the same period last year. The company reported revenue of $345.81 million for the quarter, compared to $319.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.1 percent. For the current quarter, analysts expect WIX to generate $343.33M in revenue.
Wix.com Ltd.(WIX) Company Profile
Wix.com Ltd., together with its subsidiaries, develops and markets a cloud-based platform that enables anyone to create a website or web application in North America, Europe, Latin America, Asia, and internationally. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; Wix ADI that enables users to create a website for their specific needs; and Corvid by Wix to create websites and web applications. It also provides Ascend by Wix, which offers its users access to a suite of approximately 20 products or features enabling them to connect with their customers, automate their work, and grow their business; Wix Logo Maker that allows users to generate a logo using artificial intelligence; Wix Answers, a support infrastructure enabling its users to help their users across various channels; and Wix Payments, a payment platform, which helps its users receive payments from their users through their Wix Website. In addition, the company offers various vertical-specific applications that business owners use to operate various aspects of their business online. Further, it provides a range of complementary services, including App Market that offers its registered users the ability to install and uninstall a range of free and paid web applications; Wix Arena, an online marketplace that brings users seeking help in creating and managing a website, together with Web experts; and Wix App, a native mobile application, which enables users to manage their Websites and Wix operating systems. As of December 31, 2021, the company had approximately 222 million registered users and 6 million premium subscriptions. The company was formerly known as Wixpress Ltd. Wix.com Ltd. was incorporated in 2006 and is headquartered in Tel Aviv, Israel.
