Wix.com Ltd. (NASDAQ:WIX) has earned a consensus recommendation of “Buy” from the twenty brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $324.29.
A number of equities research analysts have recently issued reports on the stock. Wedbush boosted their price target on shares of Wix.com from $360.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, February 25th. Citigroup boosted their price target on shares of Wix.com from $330.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, February 25th. Evercore ISI assumed coverage on shares of Wix.com in a research note on Tuesday, April 13th. They issued an “outperform” rating and a $370.00 price target on the stock. KeyCorp boosted their price target on shares of Wix.com from $325.00 to $350.00 and gave the company an “overweight” rating in a research note on Wednesday, March 24th. Finally, Wolfe Research assumed coverage on shares of Wix.com in a research note on Wednesday, March 31st. They issued an “outperform” rating and a $350.00 price target on the stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sonora Investment Management LLC acquired a new stake in Wix.com during the 4th quarter worth $25,000. Manchester Financial Inc. acquired a new stake in Wix.com during the 4th quarter worth $25,000. Parallel Advisors LLC grew its position in Wix.com by 144.4% during the 4th quarter. Parallel Advisors LLC now owns 110 shares of the information services provider’s stock worth $27,000 after purchasing an additional 65 shares during the last quarter. Baldwin Brothers Inc. MA purchased a new position in Wix.com during the 1st quarter worth $28,000. Finally, Veriti Management LLC purchased a new position in Wix.com during the 4th quarter worth $30,000. Institutional investors own 91.71% of the company’s stock.
Wix.com (NASDAQ:WIX) last posted its earnings results on Wednesday, February 17th. The information services provider reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.80) by $0.77. The company had revenue of $282.53 million for the quarter, compared to analyst estimates of $270.25 million. Wix.com had a negative net margin of 15.92% and a negative return on equity of 46.89%. As a group, analysts anticipate that Wix.com will post -3.2 earnings per share for the current year.
Wix.com Ltd., together with its subsidiaries, develops and markets cloud-based platform products and services 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; Editor X, a website creation platform; and Velo by Wix to create websites and web applications.
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