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

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.