Wix.com Ltd. (NASDAQ:WIX) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Moderate Buy: Twenty-two analysts give Wix a consensus rating of “Moderate Buy” (2 sell, 5 hold, 14 buy, 1 strong buy) with a one‑year average price target of $124.65.
• Several firms have recently trimmed targets — Jefferies to $130, Wells Fargo to $137, Benchmark to $140 and Barclays to $155 — indicating downward revisions by analysts.
• Wix beat EPS estimates ($1.81 vs. $1.36) but slightly missed revenue ($524.27M vs. $527.69M) with revenue up 13.9% YoY, and the board authorized a $2.0 billion share repurchase plan covering up to 40.5% of outstanding shares.

Wix.com Ltd. (NASDAQ:WIX - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twenty-two research firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation, fourteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $124.65.

Several equities analysts recently issued reports on the company. Jefferies Financial Group lowered their price target on Wix.com from $200.00 to $130.00 and set a "buy" rating on the stock in a research note on Monday, February 23rd. Wells Fargo & Company lowered their price target on Wix.com from $176.00 to $137.00 and set an "overweight" rating on the stock in a research note on Thursday, March 5th. Citizens Jmp lowered Wix.com from a "market outperform" rating to a "market perform" rating in a research note on Tuesday, April 7th. Barclays lowered their price objective on Wix.com from $160.00 to $155.00 and set an "overweight" rating on the stock in a research note on Thursday, April 9th. Finally, Benchmark lowered their price objective on Wix.com from $185.00 to $140.00 and set a "buy" rating on the stock in a research note on Monday, March 2nd.

Institutional Investors Weigh In On Wix.com

Large investors have recently modified their holdings of the stock. Westside Investment Management Inc. grew its stake in shares of Wix.com by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 154 shares of the information services provider's stock valued at $27,000 after purchasing an additional 77 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Wix.com by 122.2% in the 4th quarter. Farther Finance Advisors LLC now owns 240 shares of the information services provider's stock valued at $25,000 after purchasing an additional 132 shares during the period. Geneos Wealth Management Inc. grew 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 purchasing an additional 215 shares during the period. Flagship Harbor Advisors LLC bought a new stake in shares of Wix.com in the 4th quarter valued at approximately $27,000. Finally, National Bank of Canada FI bought a new stake in shares of Wix.com in the 3rd quarter valued at approximately $54,000. 81.52% of the stock is currently owned by institutional investors.

Wix.com Stock Up 1.0%

Shares of WIX opened at $76.43 on Tuesday. Wix.com has a 12-month low of $60.22 and a 12-month high of $191.24. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 94.35, a P/E/G ratio of 2.61 and a beta of 1.26. The stock's 50-day moving average price is $79.08 and its 200 day moving average price is $96.43.

Wix.com (NASDAQ:WIX - Get Free Report) last issued its quarterly earnings results on Wednesday, March 4th. The information services provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.45. Wix.com had a negative return on equity of 70.04% and a net margin of 2.54%.The firm had revenue of $524.27 million for the quarter, compared to analyst estimates of $527.69 million. During the same period in the previous year, the company posted $2.10 earnings per share. The company's quarterly revenue was up 13.9% compared to the same quarter last year. Equities research analysts expect that Wix.com will post 1.39 EPS for the current year.

Wix.com announced that its board has authorized a stock repurchase plan 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 purchase up to 40.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its stock is undervalued.

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.

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