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NASDAQ:WIX

Wix.com - WIX Stock Forecast, Price & News

$68.77
-3.71 (-5.12%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$67.93
$71.68
50-Day Range
$54.53
$72.48
52-Week Range
$53.12
$270.20
Volume
1.64 million shs
Average Volume
1.20 million shs
Market Capitalization
$3.94 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$139.94

Wix.com MarketRank™ Forecast

Analyst Rating
Hold
2.35 Rating Score
Upside/​Downside
103.5% Upside
$139.94 Price Target
Short Interest
Bearish
9.69% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.05
Upright™ Environmental Score
News Sentiment
0.24mentions of Wix.com in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($5.36) to ($4.15) Per Share

Overall MarketRank

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

2.29 out of 5 stars

Computer And Technology Sector

317th out of 644 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

25th out of 66 stocks

WIX stock logo

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.

Wix.com Stock Performance

Shares of Wix.com stock opened at $72.48 on Tuesday. Wix.com has a fifty-two week low of $53.12 and a fifty-two week high of $273.71. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market capitalization of $4.15 billion, a P/E ratio of -14.47 and a beta of 1.34. The company's 50 day moving average price is $63.40 and its two-hundred day moving average price is $80.55.

Wix.com (NASDAQ:WIX - Get Rating) last issued its earnings results on Monday, May 16th. The information services provider reported ($1.61) earnings per share for the quarter, beating analysts' consensus estimates of ($1.75) by $0.14. Wix.com had a negative net margin of 21.70% and a negative return on equity of 136.41%. The firm had revenue of $341.60 million for the quarter, compared to analyst estimates of $340.47 million. During the same quarter last year, the business posted ($1.36) earnings per share. The company's quarterly revenue was up 12.3% on a year-over-year basis. On average, equities analysts forecast that Wix.com will post -5.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WIX has been the topic of several research analyst reports. Royal Bank of Canada lowered their price target on shares of Wix.com from $85.00 to $75.00 in a report on Tuesday, May 17th. Truist Financial decreased their target price on shares of Wix.com from $170.00 to $120.00 in a research report on Tuesday, May 17th. Oppenheimer restated a "market perform" rating on shares of Wix.com in a research report on Wednesday, July 27th. Needham & Company LLC restated a "buy" rating and set a $85.00 target price on shares of Wix.com in a research report on Wednesday, June 29th. Finally, Jefferies Financial Group decreased their target price on shares of Wix.com from $115.00 to $100.00 in a research report on Tuesday, May 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Wix.com presently has an average rating of "Hold" and a consensus target price of $139.94.

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WIX Stock News Headlines

Shopify Stock May be a Bargain at These Levels (WIX)
E-commerce infrastructure platform Shopify (NYSE: SHOP) stock has crumbled a whopping (-77%) in 2022. The popular commerce platform paves the way for digital transformation by enabling small businesses to set up shop online
2 Mistakes Shopify Has to Fix - Nasdaq
Wix.com (WIX) to Release Earnings on Wednesday
StockNews.com Lowers Wix.com (NASDAQ:WIX) to Sell
Wix.com: Growth At A Reasonable Price
See More Headlines
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WIX Company Calendar

Last Earnings
5/16/2022
Today
8/09/2022
Next Earnings (Confirmed)
8/10/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Current Symbol
NASDAQ:WIX
Fax
N/A
Employees
5,057
Year Founded
2006

Price Target and Rating

Average Stock Price Forecast
$139.94
High Stock Price Forecast
$260.00
Low Stock Price Forecast
$75.00
Forecasted Upside/Downside
+103.5%
Consensus Rating
Hold
Rating Score (0-4)
2.35
Research Coverage
17 Analysts

Profitability

Net Income
$-117,210,000.00
Pretax Margin
-19.81%

Debt

Sales & Book Value

Annual Sales
$1.27 billion
Book Value
$2.55 per share

Miscellaneous

Free Float
N/A
Market Cap
$3.94 billion
Optionable
Optionable
Beta
1.34

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













WIX Stock - Frequently Asked Questions

Should I buy or sell Wix.com stock right now?

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wix.com in the last year. There are currently 1 sell rating, 9 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research 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 2022?

17 brokerages have issued 1 year price objectives for Wix.com's stock. Their WIX share price forecasts range from $75.00 to $260.00. On average, they expect the company's share price to reach $139.94 in the next twelve months. This suggests a possible upside of 105.5% from the stock's current price.
View analysts price targets for WIX
or view top-rated stocks among Wall Street analysts.

How has Wix.com's stock performed in 2022?

Wix.com's stock was trading at $157.79 at the start of the year. Since then, WIX stock has decreased by 56.8% and is now trading at $68.10.
View the best growth stocks for 2022 here
.

When is Wix.com's next earnings date?

Wix.com is scheduled to release its next quarterly earnings announcement on Wednesday, August 10th 2022.
View our WIX earnings forecast
.

How can I listen to Wix.com's earnings call?

Wix.com will be holding an earnings conference call on Wednesday, August 10th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Wix.com's earnings last quarter?

Wix.com Ltd. (NASDAQ:WIX) posted its earnings results on Monday, May, 16th. The information services provider reported ($1.61) EPS for the quarter, topping the consensus estimate of ($1.75) by $0.14. The information services provider had revenue of $341.60 million for the quarter, compared to analysts' expectations of $340.47 million. Wix.com had a negative trailing twelve-month return on equity of 136.41% and a negative net margin of 21.70%. Wix.com's quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.36) earnings per share.

What guidance has Wix.com issued on next quarter's earnings?

Wix.com updated its second quarter 2022 earnings guidance on Monday, June, 13th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $342.00 million-$346.00 million, compared to the consensus revenue estimate of $356.19 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 retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (14.13%), Meitav Dash Investments Ltd. (0.79%), Bank of Nova Scotia (0.78%), Mirae Asset Global Investments Co. Ltd. (0.77%), Pictet Asset Management SA (0.60%) and Analyst IMS Investment Management Services Ltd. (0.54%).

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 $68.10.

How much money does Wix.com make?

Wix.com (NASDAQ:WIX) has a market capitalization of $3.90 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 ($5.01) on an earnings per share basis.

How many employees does Wix.com have?

Wix.com employs 5,057 workers across the globe.

When was Wix.com founded?

Wix.com was founded in 2006.

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 8/9/2022 by MarketBeat.com Staff

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