Wedbush Comments on Wix.Com Ltd’s FY2020 Earnings (WIX)

Wix.Com Ltd (NASDAQ:WIX) – Stock analysts at Wedbush issued their FY2020 earnings per share (EPS) estimates for Wix.Com in a research note issued to investors on Wednesday, October 24th. Wedbush analyst Y. Arounian anticipates that the information services provider will post earnings per share of $0.37 for the year. Wedbush currently has a “Outperform” rating and a $123.00 target price on the stock.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research downgraded Wix.Com from a “hold” rating to a “sell” rating in a report on Sunday, July 15th. Oppenheimer raised their price target on Wix.Com from $105.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, July 26th. BidaskClub downgraded Wix.Com from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Rosenblatt Securities assumed coverage on Wix.Com in a report on Monday, July 30th. They set a “neutral” rating and a $78.00 price target for the company. Finally, KeyCorp raised their price target on Wix.Com from $103.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, July 26th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Wix.Com presently has an average rating of “Buy” and a consensus price target of $105.38.



WIX opened at $90.52 on Monday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 2.76. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of -90.52 and a beta of 1.67. Wix.Com has a 12-month low of $50.90 and a 12-month high of $121.45.

Large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. purchased a new stake in shares of Wix.Com during the second quarter valued at $104,000. Advisory Services Network LLC purchased a new stake in shares of Wix.Com during the second quarter valued at $115,000. Fortis Advisors LLC purchased a new stake in shares of Wix.Com during the second quarter valued at $150,000. Global X Management Co LLC purchased a new stake in shares of Wix.Com during the second quarter valued at $181,000. Finally, Cumberland Partners Ltd purchased a new stake in shares of Wix.Com during the second quarter valued at $201,000. Hedge funds and other institutional investors own 88.02% of the company’s stock.

About Wix.Com

Wix.com Ltd. develops and markets an Internet service that allows users to create Web content in Latin America, Europe, North America, Asia, and internationally. It offers Web development, design, and management solutions and apps through an online platform that enables its user base of businesses, organizations, professionals, and individuals to create a digital presence.

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Earnings History and Estimates for Wix.Com (NASDAQ:WIX)

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