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.

Wix.com Stock Performance

Wix.com stock traded down $3.29 during midday trading on Friday, hitting $69.54. The company's stock had a trading volume of 60,010 shares, compared to its average volume of 1,011,494. The company has a 50-day moving average price of $65.53 and a two-hundred day moving average price of $78.43. Wix.com has a 1-year low of $53.12 and a 1-year high of $234.99. The company has a market cap of $3.98 billion, a price-to-earnings ratio of -9.20 and a beta of 1.34. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.04 and a quick ratio of 1.04.

Wix.com (NASDAQ:WIX - Get Rating) last issued its quarterly earnings results on Wednesday, August 10th. The information services provider reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.25. The business had revenue of $345.20 million during the quarter, compared to analysts' expectations of $344.33 million. Wix.com had a negative return on equity of 333.40% and a negative net margin of 32.40%. The firm's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.01) earnings per share. As a group, sell-side analysts predict that Wix.com will post -4.41 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Jefferies Financial Group decreased their price target on shares of Wix.com from $115.00 to $100.00 in a research report on Tuesday, May 31st. Piper Sandler cut Wix.com from a "neutral" rating to an "underweight" rating and cut their price target for the company from $105.00 to $78.00 in a report on Monday, April 25th. StockNews.com upgraded Wix.com from a "sell" rating to a "hold" rating in a research report on Friday, August 12th. Oppenheimer reaffirmed a "market perform" rating on shares of Wix.com in a research report on Wednesday, July 27th. Finally, Citigroup lowered their price target on shares of Wix.com from $120.00 to $91.00 and set a "na" rating on the stock in a report on Tuesday, May 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $129.13.