Wix.com Ltd. (NASDAQ:WIX) Receives $183.56 Consensus Price Target from Brokerages

Wix.com Ltd. (NASDAQ:WIX) has been assigned a consensus recommendation of “Moderate Buy” from the seventeen analysts that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $188.47.

WIX has been the topic of a number of analyst reports. Royal Bank of Canada increased their price objective on Wix.com from $160.00 to $190.00 and gave the company an “outperform” rating in a report on Tuesday, May 21st. JMP Securities reissued a “market outperform” rating and set a $180.00 price objective on shares of Wix.com in a report on Thursday, July 25th. StockNews.com raised Wix.com from a “hold” rating to a “buy” rating in a report on Thursday. KeyCorp started coverage on Wix.com in a report on Thursday, July 25th. They issued a “sector weight” rating on the stock. Finally, Jefferies Financial Group raised their target price on Wix.com from $150.00 to $160.00 and gave the company a “buy” rating in a report on Monday, May 20th.

Institutional Trading of Wix.com

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new stake in Wix.com in the fourth quarter valued at approximately $34,554,000. Dorsal Capital Management LP grew its position in Wix.com by 23.8% during the second quarter. Dorsal Capital Management LP now owns 1,300,000 shares of the information services provider’s stock worth $206,791,000 after buying an additional 250,000 shares in the last quarter. Renaissance Technologies LLC grew its position in Wix.com by 27.9% during the second quarter. Renaissance Technologies LLC now owns 785,649 shares of the information services provider’s stock worth $124,973,000 after buying an additional 171,500 shares in the last quarter. Capital Fund Management S.A. lifted its stake in Wix.com by 1,378.7% during the fourth quarter. Capital Fund Management S.A. now owns 160,456 shares of the information services provider’s stock worth $19,739,000 after purchasing an additional 149,605 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in Wix.com by 328.5% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 180,000 shares of the information services provider’s stock worth $22,144,000 after purchasing an additional 137,991 shares during the last quarter. Institutional investors own 81.52% of the company’s stock.

Wix.com Trading Up 2.5 %

Shares of Wix.com stock opened at $163.05 on Friday. The stock has a 50-day moving average price of $160.27 and a 200 day moving average price of $144.66. The company has a market cap of $9.32 billion, a P/E ratio of 143.03, a P/E/G ratio of 3.80 and a beta of 1.47. Wix.com has a 1 year low of $76.90 and a 1 year high of $178.65.

Wix.com (NASDAQ:WIX) last announced its quarterly earnings data on Wednesday, August 7th. The information services provider reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.35. Wix.com had a negative return on equity of 49.05% and a net margin of 4.44%. The firm had revenue of $435.70 million during the quarter, compared to the consensus estimate of $442.88 million. During the same period in the prior year, the business earned $0.58 EPS. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, equities analysts forecast that Wix.com will post 1.91 earnings per share for the current fiscal year.

Wix.com Company Profile

Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.