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 Trading Down 3.0 %

Shares of WIX opened at $72.67 on Thursday. The stock has a market cap of $4.16 billion, a PE ratio of -9.65 and a beta of 1.34. The firm's fifty day moving average is $65.28 and its two-hundred day moving average is $78.84. Wix.com has a 52-week low of $53.12 and a 52-week high of $234.99. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 6.33.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. JMP Securities dropped their target price on shares of Wix.com from $130.00 to $100.00 and set a "market outperform" rating on the stock in a report on Thursday, July 14th. Oppenheimer reiterated a "market perform" rating on shares of Wix.com in a research report on Wednesday, July 27th. Wedbush reiterated an "outperform" rating on shares of Wix.com in a report on Monday, May 16th. Needham & Company LLC reiterated a "buy" rating and issued a $85.00 target price on shares of Wix.com in a research note on Wednesday, June 29th. Finally, Morgan Stanley upped their price target on shares of Wix.com from $77.00 to $89.00 and gave the company an "equal weight" rating in a research note on Thursday, August 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $129.13.