Shares of Wix.com Ltd. (NASDAQ:WIX – Get Free Report) have received a consensus rating of “Moderate Buy” from the twenty-two research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $100.90.
A number of brokerages have recently issued reports on WIX. Royal Bank Of Canada downgraded Wix.com from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $90.00 to $60.00 in a report on Thursday, May 14th. Scotiabank cut their price target on Wix.com from $135.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, May 14th. Bank of America cut their price target on Wix.com from $136.00 to $109.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Piper Sandler began coverage on Wix.com in a report on Thursday, March 12th. They issued a “neutral” rating and a $98.00 price target on the stock. Finally, Citigroup downgraded Wix.com from a “buy” rating to a “neutral” rating and cut their price target for the company from $105.00 to $66.00 in a report on Thursday, May 14th.
Institutional Inflows and Outflows
Key Wix.com News
Here are the key news stories impacting Wix.com this week:
- Negative Sentiment: Multiple law firms, including Bragar Eagel & Squire, Glancy Prongay Wolke & Rotter, and others, announced investigations into Wix.com over possible securities-law violations tied to its recent disclosures and stock drop. These probes increase headline risk and could signal potential class-action litigation. Bragar Eagel & Squire investigation
- Negative Sentiment: BFA Law said it is investigating whether Wix misled investors about AI-demand issues, AI competition, and its ability to sustain growth through new products. That allegation directly targets the company’s growth narrative, which is especially important for a software stock. BFA Law investigation
- Negative Sentiment: News reports say Wix’s stock fell sharply after the company announced a large reduction in force of about 1,000 employees, reinforcing concerns that management is responding to weakening demand and margin pressure. Layoff report
- Negative Sentiment: Wix’s latest quarterly results missed earnings expectations, and revenue came in slightly below estimates, which appears to have been the catalyst for the recent selloff and the ensuing investigations. Quarterly results investigation article
Wix.com Trading Down 3.4%
Shares of NASDAQ:WIX opened at $53.46 on Friday. Wix.com has a 12-month low of $51.60 and a 12-month high of $190.93. The business’s fifty day simple moving average is $73.76 and its 200-day simple moving average is $86.16. The company has a market capitalization of $3.12 billion, a PE ratio of -68.54, a P/E/G ratio of 2.30 and a beta of 1.01.
Wix.com (NASDAQ:WIX – Get Free Report) last announced its quarterly earnings results on Wednesday, May 13th. The information services provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.53). Wix.com had a negative net margin of 1.97% and a negative return on equity of 33.28%. The company had revenue of $541.17 million during the quarter, compared to analysts’ expectations of $544.04 million. During the same quarter in the prior year, the business posted $1.69 earnings per share. The company’s revenue was up 14.2% compared to the same quarter last year. Research analysts predict that Wix.com will post 1.52 EPS for the current year.
Wix.com declared that its Board of Directors has authorized a stock buyback program on Wednesday, January 28th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the information services provider to purchase up to 40.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
About Wix.com
Wix.com Ltd. operates a cloud-based platform that enables individuals and businesses to create, manage and develop professional web presences through an intuitive drag-and-drop interface. The company’s software-as-a-service model provides hosting, customizable templates and a range of design tools, eliminating the need for coding expertise. Users can choose from a variety of premium plans to access custom domains, enhanced storage, and advanced performance features tailored to personal projects, small businesses and online storefronts.
Beyond its core website builder, Wix offers a suite of complementary services designed to support digital growth and marketing.
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