Wix.com Ltd. (NASDAQ:WIX) Receives $190.19 Consensus Target Price from Analysts

Wix.com Ltd. (NASDAQ:WIX) has earned an average rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $190.06.

Several equities analysts have commented on WIX shares. Evercore ISI upgraded Wix.com to a “strong-buy” rating in a research report on Monday, August 5th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 price objective on shares of Wix.com in a research note on Monday, September 30th. UBS Group raised their target price on shares of Wix.com from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and issued a $190.00 price target on shares of Wix.com in a research report on Wednesday, August 7th. Finally, StockNews.com raised shares of Wix.com from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th.

Institutional Investors Weigh In On Wix.com

Several institutional investors have recently modified their holdings of the company. Northwest Bank & Trust Co acquired a new stake in shares of Wix.com in the fourth quarter valued at approximately $26,000. Fidelis Capital Partners LLC acquired a new stake in Wix.com during the 1st quarter valued at $37,000. Industrial Alliance Investment Management Inc. increased its position in Wix.com by 246.5% during the first quarter. Industrial Alliance Investment Management Inc. now owns 686 shares of the information services provider’s stock worth $94,000 after buying an additional 488 shares in the last quarter. Toronto Dominion Bank increased its position in Wix.com by 19.0% during the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock worth $124,000 after buying an additional 124 shares in the last quarter. Finally, First Trust Direct Indexing L.P. acquired a new position in shares of Wix.com in the first quarter worth $214,000. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wix.com Stock Performance

Shares of WIX opened at $159.73 on Monday. Wix.com has a 1 year low of $76.90 and a 1 year high of $178.65. The stock has a market capitalization of $9.13 billion, a PE ratio of 140.11, a PEG ratio of 3.41 and a beta of 1.48. The stock has a 50-day simple moving average of $160.70 and a 200-day simple moving average of $152.09.

Wix.com (NASDAQ:WIX) last posted its earnings results on Wednesday, August 7th. The information services provider reported $1.67 EPS for the quarter, beating the consensus estimate of $1.32 by $0.35. The firm had revenue of $435.70 million for the quarter, compared to analyst estimates of $442.88 million. Wix.com had a negative return on equity of 49.05% and a net margin of 4.44%. Wix.com’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.58 earnings per share. Analysts predict that Wix.com will post 2.1 EPS for the current 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.