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

Key Points

• "Moderate Buy" is the consensus from 22 brokerages with an average 12‑month target of $128.70, even as several major analysts have recently cut their price targets.
• Wix beat EPS expectations ($1.81 vs. $1.36) with revenue up 13.9% year‑over‑year, and its board authorized a $2.0 billion share repurchase (up to 40.5% of shares outstanding).
• Shares trade around $81.95 with a high valuation (P/E 101.17), a 52‑week range of $60.22–$191.24, and about 81.52% ownership by institutional investors.

Shares of Wix.com Ltd. (NASDAQ:WIX - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twenty-two brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $128.70.

Several analysts recently issued reports on the stock. Royal Bank Of Canada reduced their price target on shares of Wix.com from $155.00 to $112.00 and set an "outperform" rating for the company in a research report on Thursday, March 5th. Robert W. Baird lowered shares of Wix.com from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $115.00 to $90.00 in a research note on Monday, March 9th. Citizens Jmp reduced their price objective on shares of Wix.com from $185.00 to $125.00 and set a "market outperform" rating for the company in a report on Thursday, January 22nd. Citigroup decreased their target price on shares of Wix.com from $150.00 to $105.00 and set a "buy" rating for the company in a research report on Thursday, March 5th. Finally, Oppenheimer lowered their target price on shares of Wix.com from $160.00 to $130.00 and set an "outperform" rating on the stock in a report on Monday, February 2nd.

Institutional Trading of Wix.com

Several institutional investors and hedge funds have recently modified their holdings of WIX. Westside Investment Management Inc. boosted its position in shares of Wix.com by 100.0% during the third quarter. Westside Investment Management Inc. now owns 154 shares of the information services provider's stock valued at $27,000 after buying an additional 77 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Wix.com by 7.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,707 shares of the information services provider's stock valued at $172,000 after buying an additional 120 shares during the last quarter. Farther Finance Advisors LLC raised its position in 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 buying an additional 132 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in Wix.com by 2.2% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 6,666 shares of the information services provider's stock valued at $693,000 after acquiring an additional 142 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its holdings in Wix.com by 18.7% during the 4th quarter. TD Private Client Wealth LLC now owns 940 shares of the information services provider's stock worth $98,000 after acquiring an additional 148 shares during the last quarter. 81.52% of the stock is owned by hedge funds and other institutional investors.

Wix.com Stock Performance

Shares of NASDAQ:WIX opened at $81.95 on Friday. Wix.com has a 52-week low of $60.22 and a 52-week high of $191.24. The business's 50 day simple moving average is $81.40 and its two-hundred day simple moving average is $108.43. The firm has a market cap of $4.78 billion, a P/E ratio of 101.17, a PEG ratio of 3.12 and a beta of 1.26.

Wix.com (NASDAQ:WIX - Get Free Report) last released its quarterly earnings data on Wednesday, March 4th. The information services provider reported $1.81 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 during the quarter, compared to the consensus estimate of $527.69 million. During the same quarter in the previous year, the company posted $2.10 earnings per share. The company's quarterly revenue was up 13.9% on a year-over-year basis. On average, equities analysts forecast that Wix.com will post 3.65 earnings per share for the current fiscal year.

Wix.com declared that its board has initiated a share repurchase plan on Wednesday, January 28th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the information services provider to buy up to 40.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its shares are undervalued.

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.

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