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

Shares of Wix.com Ltd. (NASDAQ:WIX) have earned a consensus rating of “Moderate Buy” from the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $139.53.

Several equities analysts have recently issued reports on WIX shares. Benchmark lifted their price objective on Wix.com from $132.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Barclays raised their target price on Wix.com from $147.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. UBS Group raised their target price on Wix.com from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Needham & Company LLC reissued a “buy” rating and set a $150.00 target price on shares of Wix.com in a research report on Wednesday, February 21st. Finally, Piper Sandler raised their target price on Wix.com from $146.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP increased its holdings in shares of Wix.com by 22,397.5% in the first quarter. First Trust Advisors LP now owns 690,449 shares of the information services provider’s stock valued at $72,124,000 after purchasing an additional 687,380 shares during the period. Millennium Management LLC boosted its stake in shares of Wix.com by 139.8% in the fourth quarter. Millennium Management LLC now owns 895,821 shares of the information services provider’s stock valued at $68,826,000 after buying an additional 522,264 shares in the last quarter. Senvest Management LLC boosted its stake in shares of Wix.com by 194.2% in the third quarter. Senvest Management LLC now owns 605,937 shares of the information services provider’s stock valued at $55,625,000 after buying an additional 399,944 shares in the last quarter. Norges Bank purchased a new stake in shares of Wix.com in the fourth quarter valued at approximately $27,591,000. Finally, No Street GP LP purchased a new stake in shares of Wix.com in the fourth quarter valued at approximately $41,212,000. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wix.com Price Performance

Shares of Wix.com stock opened at $135.30 on Monday. The business has a 50-day moving average of $134.85 and a 200 day moving average of $113.73. Wix.com has a 12 month low of $73.39 and a 12 month high of $146.21. The stock has a market capitalization of $7.53 billion, a price-to-earnings ratio of 246.00, a price-to-earnings-growth ratio of 4.66 and a beta of 1.33.

Wix.com (NASDAQ:WIX) last announced its quarterly earnings data on Wednesday, February 21st. The information services provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.24. The business had revenue of $403.80 million during the quarter, compared to analysts’ expectations of $416.87 million. Wix.com had a negative return on equity of 40.56% and a net margin of 2.12%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.42) EPS. Equities research analysts anticipate that Wix.com will post 1.16 earnings per share for the current year.

About Wix.com

Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; Wix ADI that enables users to have the freedom of customization that the classic editor offers.