Stocks of Wix.com Ltd. (NASDAQ:WIX) traded higher last session on Wall Street, up 12.94% to $99.96.
According to the data, Wix.com Ltd. (NASDAQ:WIX) has 21 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 $130.00 and a low of $78.00, we find $107.50. Given the previous closing price of $88.51, this indicates a potential upside of 21.46 percent. WIX stock price is now 24.24% away from the 50-day moving average and 19.22% away from the 200-day moving average. The market capitalization of the company currently stands at $5.50B.
A total of 6 analysts have issued a hold rating and 14 have given it a buy rating. Brokers who have rated the stock have averaged $109.11 as their price target over the next twelve months.
With the price target of $100, DA Davidson recently initiated with Buy rating for Wix.com Ltd. (NASDAQ: WIX).
A total of 3.19% 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 NOKED CAPITAL LTD during the first quarter worth $26,226,000. LORD, ABBETT & CO. LLC invested $24,990,000 in shares of WIX during the first quarter. In the first quarter, SQUAREPOINT OPS LLC acquired a new stake in Wix.com Ltd. valued at approximately $8,593,000. G2 INVESTMENT PARTNERS MANAGEMENT LLC acquired a new stake in WIX for approximately $7,545,000. CAPITAL FUND MANAGEMENT S.A. purchased a new stake in WIX valued at around $4,658,000 in the second quarter. In total, there are 513 active investors with 91.70% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $96.70 for Wix.com Ltd. (NASDAQ: WIX). During the past 12 months, Wix.com Ltd. has had a low of $59.79 and a high of $101.55. The fifty day moving average price for WIX is $80.88 and a two-hundred day moving average price translates $83.99 for the stock.
The latest earnings results from Wix.com Ltd. (NASDAQ: WIX) was released for Mar, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.91, beating analysts’ expectations of $0.14 by 0.77. This compares to -$3.95 EPS in the same period last year. The net profit margin was -14.60% and return on equity was 131.20% for WIX. The company reported revenue of $374.08 million for the quarter, compared to $341.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.51 percent. For the current quarter, analysts expect WIX to generate $382.78M in revenue.
Wix.com Ltd.(WIX) Company Profile
Wix.com Ltd., together with its subsidiaries, develops and markets a cloud-based platform that enables 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. It also provides 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 marketplace that brings users seeking help in creating and managing a website, together with Web experts; and Wix owner App, a native mobile application, which enables users to manage their Websites and Wix operating systems. The company was formerly known as Wixpress Ltd. and changed its name to Wix.com Ltd. The company was incorporated in 2006 and is headquartered in Tel Aviv, Israel.
