Wix.com Ltd. (NASDAQ:WIX – Get Free Report) 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.
Read Our Latest Stock Report on WIX
Institutional Trading of Wix.com
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 – Get Free Report) 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.
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