NASDAQ:WIX

Wix.com - WIX Stock Forecast, Price & News

$81.82

-3.75 (-4.38%)

(As of 12/6/2022 03:53 PM ET)

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Today's Range: $80.13
▼
$85.15
50-Day Range: $69.52
▼
$91.24
52-Week Range: $53.12
▼
$164.10

Volume: 45,080 shs
Average Volume: 899,769 shs
Market Capitalization: $4.68 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $110.25

Wix.com MarketRank™ Forecast

Analyst Rating: Hold
2.47 Rating Score
Upside/Downside: 34.7% Upside
$110.25 Price Target
Short Interest: Healthy
6.92% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.05
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($4.48) to ($2.99) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.40 out of 5 stars

Computer And Technology Sector

212th out of 627 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

18th out of 64 stocks

4.2

Analyst's Opinion

Consensus Rating
Wix.com has received a consensus rating of Hold. The company's average rating score is 2.47, and is based on 8 buy ratings, 6 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $110.25, Wix.com has a forecasted upside of 34.7% from its current price of $81.82.
Amount of Analyst Coverage
Wix.com has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
6.92% of the float of Wix.com has been sold short.
Short Interest Ratio / Days to Cover
Wix.com has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Wix.com has recently decreased by 10.75%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Wix.com does not currently pay a dividend.
Dividend Growth
Wix.com does not have a long track record of dividend growth.

2.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Wix.com has received a 16.01% net impact score from Upright. Wix.com seems to create the most significant positive value in categories "Taxes", "Jobs", and "Creating knowledge". The positive contribution in the "Creating knowledge" impact category is mostly driven by its "Website hosting services", "Customer analytics services", and "E-commerce platform software" products. See details.
Environmental Sustainability
The Environmental Impact score for Wix.com is -1.05.

1.8

News and Social Media Coverage

News Sentiment
Wix.com has a news sentiment score of 0.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.43 average news sentiment score of Computer and Technology companies.
Search Interest
Only 10 people have searched for WIX on MarketBeat in the last 30 days. This is a decrease of -9% compared to the previous 30 days.
MarketBeat Follows
3 people have added Wix.com to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Wix.com insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 6.20% of the stock of Wix.com is held by insiders.
Percentage Held by Institutions
99.48% of the stock of Wix.com is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Wix.com are expected to grow in the coming year, from ($4.48) to ($2.99) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Wix.com is -9.49, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Wix.com is -9.49, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Wix.com has a P/B Ratio of 32.09. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Wix.com (NASDAQ:WIX) Stock

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.

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WIX Stock News Headlines

November 28, 2022 | americanbankingnews.com

Brokerages Set Wix.com Ltd. (NASDAQ:WIX) Price Target at $106.80

November 21, 2022 | finance.yahoo.com

Wix to Present at the Nasdaq 47th Investor Conference

November 20, 2022 | finance.yahoo.com

Wix.com Tops Q3 Backed By Healthy Demand

November 16, 2022 | finance.yahoo.com

Wix.com: Bull vs. Bear

November 15, 2022 | geektime.com

The president of Wix reveals his new startup to simplify workplace communication and data

November 15, 2022 | finance.yahoo.com

Wix.com (WIX) Just Flashed Golden Cross Signal: Do You Buy?

November 14, 2022 | finance.yahoo.com

Why Wix Stock Soared This Past Week

November 14, 2022 | finance.yahoo.com

Name.com Partners with Wix to Empower Registrar Customers to Grow Their Online Presence

November 12, 2022 | finance.yahoo.com

Wix.com Third Quarter 2022 Earnings: EPS Beats Expectations

November 10, 2022 | finance.yahoo.com

Wix Reports Third Quarter 2022 Results

November 4, 2022 | finance.yahoo.com

Wix.com Ltd. (WIX) Shares Rose in the Third Quarter

October 31, 2022 | finance.yahoo.com

Wix to Participate in Fireside Chat at the 2022 RBC Global Technology, Internet, Media and Telecom Conference

October 25, 2022 | cnbc.com

Jim Cramer on Starboard Value's stakes in Wix, Splunk, Salesforce and Vertiv

October 25, 2022 | nasdaq.com

WIX Crosses Above Key Moving Average Level

October 24, 2022 | finance.yahoo.com

Wix to Announce Third Quarter 2022 Results on November 10, 2022

October 21, 2022 | finance.yahoo.com

Are Investors Undervaluing Wix.com Ltd. (NASDAQ:WIX) By 50%?

October 20, 2022 | finance.yahoo.com

‘We Remain Bullish on Equities — Many Solid Companies Look Oversold’: Oppenheimer Suggests 2 Beaten-Down Stocks to Buy - Yahoo Finance

October 20, 2022 | benzinga.com

Wix Announces Board Authorization of $300 Million Share Repurchase Program - Wix.com (NASDAQ:WIX) - Benzinga

October 20, 2022 | benzinga.com

Analyst Ratings for Wix.com - Wix.com (NASDAQ:WIX) - Benzinga

October 20, 2022 | finance.yahoo.com

Wix Announces Board Authorization of $300 Million Share Repurchase Program

October 19, 2022 | seekingalpha.com

Wix gains after activist Starboard discusses upside potential at conference

October 19, 2022 | msn.com

Analyst Ratings for Wix.com

October 19, 2022 | benzinga.com

Benzinga A Play On Activist Investor Interest $ROKU $AXP $ASML $WIX $LMAO Podcast - Benzinga

October 19, 2022 | nasdaq.com

‘We Remain Bullish on Equities — Many Solid Companies Look Oversold’: Oppenheimer Suggests 2 Beaten-Down Stocks to Buy - Nasdaq

October 18, 2022 | investorplace.com

The 7 Best Buying Opportunities in the Stock Market Right Now - InvestorPlace

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30 days | 90 days | 365 days | Advanced Chart

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WIX Company Calendar

Last Earnings: 11/11/2021
Today: 12/06/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 2/15/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Computer programming, data processing, & other computer related
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:WIX
CUSIP: N/A
CIK: 1576789
Web: www.wix.com
Phone: (723) 545-4900
Fax: N/A
Employees: 5,057
Year Founded: 2006

Price Target and Rating

Average Stock Price Forecast: $110.25
High Stock Price Forecast: $200.00
Low Stock Price Forecast: $78.00
Forecasted Upside/Downside: +34.7%
Consensus Rating: Hold
Rating Score (0-4): 2.47
Research Coverage: 15 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($8.62)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-117,210,000.00
Net Margins: -36.51%
Pretax Margin: -39.35%
Return on Equity: -333.40%
Return on Assets: -13.73%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.10
Quick Ratio: 1.10

Sales & Book Value

Annual Sales: $1.27 billion
Price / Sales: 3.69
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.55 per share
Price / Book: 32.09

Miscellaneous

Outstanding Shares: 57,250,000
Free Float: 53,704,000
Market Cap: $4.68 billion
Optionable: Optionable
Beta: 1.10

Social Links

Key Executives

Mr. Avishai Abrahami (Age 51)
Co-Founder, Honorary Chairman & CEO
Comp: $400k

Mr. Nir Zohar (Age 44)
Pres & COO
Comp: $346k

Mr. Menashe Lior Shemesh (Age 53)
Chief Financial Officer
Comp: $364k

Mr. Yaniv Even-Haim (Age 47)
Chief Technology Officer
Comp: $360k

Mr. Omer Shai (Age 45)
Chief Marketing Officer
Comp: $349k

Mr. Giora Kaplan (Age 52)
Co-Founder & Advisor

Mr. Nadav Abrahami
Co-Founder & VP of Client Devel.

Mr. Eitan Israeli Adv. (Age 54)
Chief Legal Officer

Ms. Shelly Meyer (Age 56)
Chief People Officer

Mr. Yoav Abrahami
Chief Architect of R&D

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

WIX Stock - Frequently Asked Questions

Should I buy or sell Wix.com stock right now?: 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wix.com in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" WIX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WIX, but not buy additional shares or sell existing shares.
View WIX analyst ratings or view top-rated stocks.
What is Wix.com's stock price forecast for 2023?: 15 brokerages have issued twelve-month target prices for Wix.com's shares. Their WIX share price forecasts range from $78.00 to $200.00. On average, they anticipate the company's stock price to reach $110.25 in the next year. This suggests a possible upside of 33.6% from the stock's current price.
View analysts price targets for WIX or view top-rated stocks among Wall Street analysts.
How have WIX shares performed in 2022?: Wix.com's stock was trading at $157.79 on January 1st, 2022. Since then, WIX stock has decreased by 47.7% and is now trading at $82.53.
View the best growth stocks for 2022 here.
When is Wix.com's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our WIX earnings forecast.
How were Wix.com's earnings last quarter?: Wix.com Ltd. (NASDAQ:WIX) posted its quarterly earnings data on Thursday, November, 11th. The information services provider reported ($0.21) earnings per share for the quarter, beating analysts' consensus estimates of ($1.33) by $1.12. The information services provider had revenue of $320.80 million for the quarter, compared to the consensus estimate of $314.83 million. Wix.com had a negative trailing twelve-month return on equity of 333.40% and a negative net margin of 36.51%. During the same period in the previous year, the company posted ($0.84) EPS.
What guidance has Wix.com issued on next quarter's earnings?: Wix.com updated its fourth quarter 2022 earnings guidance on Thursday, November, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $349.00 million-$354.00 million, compared to the consensus revenue estimate of $351.15 million.

What is Avishai Abrahami's approval rating as Wix.com's CEO?: 205 employees have rated Wix.com Chief Executive Officer Avishai Abrahami on Glassdoor.com. Avishai Abrahami has an approval rating of 96% among the company's employees. This puts Avishai Abrahami in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Wix.com own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Wix.com investors own include NVIDIA (NVDA), Block (SQ), Shopify (SHOP), Trade Desk (TTD), Netflix (NFLX), PayPal (PYPL), Okta (OKTA), Salesforce (CRM), Twilio (TWLO) and Tesla (TSLA).
What is Wix.com's stock symbol?: Wix.com trades on the NASDAQ under the ticker symbol "WIX."
Who are Wix.com's major shareholders?: Wix.com's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (14.21%), BlackRock Inc. (6.37%), First Trust Advisors LP (1.22%), Eminence Capital LP (1.12%), Jacobs Levy Equity Management Inc. (0.92%) and Fisher Asset Management LLC (0.81%).
How do I buy shares of Wix.com?: Shares of WIX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Wix.com's stock price today?: One share of WIX stock can currently be purchased for approximately $82.53.
How much money does Wix.com make?: Wix.com (NASDAQ:WIX) has a market capitalization of $4.72 billion and generates $1.27 billion in revenue each year. The information services provider earns $-117,210,000.00 in net income (profit) each year or ($8.62) on an earnings per share basis.
How many employees does Wix.com have?: The company employs 5,057 workers across the globe.
How can I contact Wix.com?: Wix.com's mailing address is 40 NAMAL TEL AVIV ST., TEL AVIV L3, 6701101. The official website for the company is www.wix.com. The information services provider can be reached via phone at (723) 545-4900 or via email at ir@wix.com.

This page (NASDAQ:WIX) was last updated on 12/6/2022 by MarketBeat.com Staff

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