Wix.com Ltd. (WIX) Given a $57.00 Price Target by JMP Securities Analysts
Wix.com Ltd. (NASDAQ:WIX) received a $57.00 price target from JMP Securities in a research report issued on Friday. The firm currently has a a “buy” rating on the stock. JMP Securities’ price target would suggest a potential upside of 21.93% from the stock’s current price.
Other analysts have also issued research reports about the company. JPMorgan Chase & Co. lowered Wix.com from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $46.00 to $50.00 in a report on Wednesday, September 21st. Royal Bank Of Canada lowered Wix.com from an “outperform” rating to a “sector perform” rating and set a $45.00 price objective for the company. in a report on Friday, September 23rd. Summit Redstone started coverage on Wix.com in a report on Wednesday, September 7th. They set a “buy” rating and a $48.00 price objective for the company. Needham & Company LLC increased their price objective on Wix.com from $30.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Finally, RBC Capital Markets lowered Wix.com from an “outperform” rating to a “sector perform” rating and set a $45.00 price objective for the company. in a report on Thursday, September 22nd. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $44.37.
Shares of Wix.com (NASDAQ:WIX) opened at 46.75 on Friday. The company has a 50 day moving average price of $43.37 and a 200 day moving average price of $35.72. Wix.com has a one year low of $14.79 and a one year high of $49.65. The company’s market cap is $1.92 billion.
Wix.com (NASDAQ:WIX) last announced its earnings results on Thursday, November 10th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. The company had revenue of $75.60 million for the quarter, compared to the consensus estimate of $72.85 million. The firm’s revenue was up 13959.7% compared to the same quarter last year. During the same period last year, the business posted ($0.15) EPS. Equities analysts predict that Wix.com will post ($0.44) EPS for the current year.
Several large investors have recently bought and sold shares of WIX. Swiss National Bank boosted its stake in Wix.com by 103.1% in the second quarter. Swiss National Bank now owns 46,300 shares of the company’s stock worth $1,405,000 after buying an additional 23,500 shares during the period. Societe Generale acquired a new stake in Wix.com during the second quarter worth approximately $943,000. BlackRock Advisors LLC boosted its stake in Wix.com by 1,639.0% in the second quarter. BlackRock Advisors LLC now owns 101,908 shares of the company’s stock worth $3,093,000 after buying an additional 96,048 shares during the period. SG Americas Securities LLC acquired a new stake in Wix.com during the second quarter worth approximately $943,000. Finally, Alpine Partners VI LLC acquired a new stake in Wix.com during the second quarter worth approximately $771,000. Hedge funds and other institutional investors own 65.95% of the company’s stock.
Wix is a leading global software platform for small businesses to operate online with millions of registered users in 190 countries. Wix was founded on the belief that the Internet should be accessible to everyone to develop, create and contribute. Through free and premium subscriptions, Wix’s powerful technology empowers millions of businesses, organizations, professionals and individuals to take their businesses, brands and workflow online.
Receive News & Stock Ratings for Wix.com Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wix.com Ltd. and related stocks with our FREE daily email newsletter.