Wix.Com Ltd (NASDAQ:WIX) – Analysts at SunTrust Banks issued their FY2022 earnings per share (EPS) estimates for Wix.Com in a note issued to investors on Wednesday. SunTrust Banks analyst N. Khan expects that the information services provider will earn $4.79 per share for the year. SunTrust Banks currently has a “Buy” rating and a $71.00 target price on the stock.
Several other brokerages have also issued reports on WIX. Citigroup lifted their price target on Wix.Com from $69.00 to $78.00 and gave the stock a “neutral” rating in a research note on Wednesday. Oppenheimer boosted their target price on Wix.Com from $70.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. BidaskClub raised Wix.Com from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. Needham & Company LLC boosted their target price on Wix.Com from $70.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Finally, Wedbush boosted their target price on Wix.Com from $65.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $80.60.
Wix.Com (NASDAQ:WIX) last issued its quarterly earnings results on Wednesday, February 14th. The information services provider reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.05. Wix.Com had a negative return on equity of 1,376.12% and a negative net margin of 13.22%. The firm had revenue of $118.60 million during the quarter, compared to analyst estimates of $116.86 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue was up 40.9% compared to the same quarter last year.
Large investors have recently made changes to their positions in the stock. ARK Investment Management LLC purchased a new position in Wix.Com during the 4th quarter valued at about $215,000. Parametrica Management Ltd purchased a new position in Wix.Com during the 4th quarter valued at about $246,000. Koch Industries Inc. purchased a new position in Wix.Com during the 4th quarter valued at about $343,000. SG Americas Securities LLC increased its holdings in Wix.Com by 14.8% during the 4th quarter. SG Americas Securities LLC now owns 6,661 shares of the information services provider’s stock valued at $383,000 after purchasing an additional 859 shares during the period. Finally, Legal & General Group Plc increased its holdings in Wix.Com by 51.4% during the 3rd quarter. Legal & General Group Plc now owns 5,600 shares of the information services provider’s stock valued at $402,000 after purchasing an additional 1,900 shares during the period. Institutional investors own 80.26% of the company’s stock.
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Wix.com Ltd. (Wix) is a Web development platform enabling businesses and organizations to take businesses, brands and workflow online. The Company provides solutions that business owners can use to operate various aspects of their business online, such as selling goods, taking reservations, and scheduling and confirming appointments.
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