Wix.com - WIX Stock Forecast, Price & News

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.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada lifted their target price on Wix.com from $75.00 to $80.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 11th. Morgan Stanley raised their price target on shares of Wix.com from $77.00 to $89.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 11th. Piper Sandler cut shares of Wix.com from a "neutral" rating to an "underweight" rating and cut their price target for the stock from $105.00 to $78.00 in a research note on Monday, April 25th. Citigroup cut their price target on shares of Wix.com from $120.00 to $91.00 and set a "na" rating for the company in a research note on Tuesday, May 17th. Finally, Truist Financial cut their price target on shares of Wix.com from $170.00 to $120.00 in a research note on Tuesday, May 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Wix.com presently has a consensus rating of "Hold" and an average price target of $129.13.

Wix.com Stock Up 0.8 %

Shares of WIX Stock opened at $78.03 on Tuesday. The company has a debt-to-equity ratio of 6.33, a quick ratio of 1.04 and a current ratio of 1.04. The firm's 50-day moving average is $64.80 and its 200-day moving average is $78.91. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of -10.36 and a beta of 1.34. Wix.com has a 52-week low of $53.12 and a 52-week high of $234.99.

Wix.com (NASDAQ:WIX - Get Rating) last issued its earnings results on Wednesday, August 10th. The information services provider reported ($0.14) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.39) by $0.25. Wix.com had a negative net margin of 32.40% and a negative return on equity of 333.40%. The company had revenue of $345.20 million for the quarter, compared to analysts' expectations of $344.33 million. During the same period in the prior year, the firm earned ($1.01) EPS. Wix.com's quarterly revenue was up 9.1% compared to the same quarter last year. Sell-side analysts predict that Wix.com will post -5.36 EPS for the current year.