FY2028 EPS Estimates for Wix.com Ltd. (NASDAQ:WIX) Lifted by B. Riley

Wix.com Ltd. (NASDAQ:WIX) – Equities researchers at B. Riley raised their FY2028 earnings per share estimates for Wix.com in a note issued to investors on Tuesday, July 30th. B. Riley analyst N. Khan now anticipates that the information services provider will earn $9.38 per share for the year, up from their previous forecast of $3.78. B. Riley currently has a “Buy” rating and a $180.00 target price on the stock. The consensus estimate for Wix.com’s current full-year earnings is $1.91 per share.

Wix.com (NASDAQ:WIX) last released its earnings results on Monday, May 20th. The information services provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.18. The firm had revenue of $419.78 million for the quarter, compared to the consensus estimate of $417.71 million. Wix.com had a negative return on equity of 59.67% and a net margin of 4.20%.

Other equities research analysts have also issued reports about the company. JMP Securities restated a “market outperform” rating and set a $180.00 price target on shares of Wix.com in a research note on Thursday, July 25th. Royal Bank of Canada increased their target price on Wix.com from $160.00 to $190.00 and gave the company an “outperform” rating in a research note on Tuesday, May 21st. Morgan Stanley increased their target price on Wix.com from $143.00 to $187.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 21st. UBS Group increased their target price on Wix.com from $160.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Finally, Benchmark increased their target price on Wix.com from $175.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $180.31.

Wix.com Price Performance

Shares of NASDAQ:WIX opened at $147.93 on Friday. The firm has a market capitalization of $8.46 billion, a PE ratio of 129.76, a P/E/G ratio of 3.68 and a beta of 1.47. The business has a 50-day moving average of $161.92 and a two-hundred day moving average of $142.65. Wix.com has a 12 month low of $76.90 and a 12 month high of $178.65.

Institutional Trading of Wix.com

Several large investors have recently added to or reduced their stakes in the business. CIBC Asset Management Inc increased its position in Wix.com by 2.9% in the 2nd quarter. CIBC Asset Management Inc now owns 4,803 shares of the information services provider’s stock valued at $764,000 after acquiring an additional 136 shares during the period. Van ECK Associates Corp increased its position in Wix.com by 2.0% in the 2nd quarter. Van ECK Associates Corp now owns 16,578 shares of the information services provider’s stock valued at $2,637,000 after acquiring an additional 319 shares during the period. Commonwealth Equity Services LLC increased its position in Wix.com by 101.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 6,304 shares of the information services provider’s stock valued at $1,003,000 after acquiring an additional 3,171 shares during the period. iA Global Asset Management Inc. increased its position in Wix.com by 13.5% in the 2nd quarter. iA Global Asset Management Inc. now owns 18,546 shares of the information services provider’s stock valued at $2,950,000 after acquiring an additional 2,210 shares during the period. Finally, Signaturefd LLC increased its position in Wix.com by 4.7% in the 2nd quarter. Signaturefd LLC now owns 3,269 shares of the information services provider’s stock valued at $520,000 after acquiring an additional 146 shares during the period. 81.52% of the stock is currently owned by institutional investors and hedge funds.

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.