Equities analysts expect that Wix.Com Ltd (NASDAQ:WIX) will report sales of $116.73 million for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Wix.Com’s earnings, with the highest sales estimate coming in at $117.50 million and the lowest estimate coming in at $116.16 million. Wix.Com posted sales of $84.18 million during the same quarter last year, which suggests a positive year over year growth rate of 38.7%. The business is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, February 14th.
On average, analysts expect that Wix.Com will report full year sales of $116.73 million for the current fiscal year, with estimates ranging from $423.10 million to $424.59 million. For the next financial year, analysts expect that the firm will post sales of $557.68 million per share, with estimates ranging from $550.60 million to $566.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Wix.Com.
Wix.Com (NASDAQ:WIX) last posted its earnings results on Wednesday, November 8th. The information services provider reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.18). Wix.Com had a negative return on equity of 33,346.88% and a negative net margin of 14.27%. The company had revenue of $111.03 million during the quarter, compared to the consensus estimate of $109.89 million.
A number of equities research analysts have recently issued reports on the stock. SunTrust Banks reissued a “buy” rating and set a $73.00 price objective on shares of Wix.Com in a research report on Monday, November 6th. KeyCorp set a $88.00 price objective on shares of Wix.Com and gave the company a “buy” rating in a research report on Wednesday, October 11th. Zacks Investment Research raised shares of Wix.Com from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. Royal Bank of Canada restated a “hold” rating and set a $80.00 target price on shares of Wix.Com in a research note on Wednesday, November 8th. Finally, Oppenheimer lowered their target price on shares of Wix.Com from $88.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, November 9th. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $77.20.
Shares of Wix.Com (NASDAQ:WIX) opened at $60.15 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.86 and a quick ratio of 0.86. Wix.Com has a 1 year low of $50.90 and a 1 year high of $86.15. The company has a market cap of $2,793.30, a P/E ratio of -48.51 and a beta of 2.16.
Hedge funds have recently made changes to their positions in the business. Bamco Inc. NY raised its position in shares of Wix.Com by 91.3% during the 3rd quarter. Bamco Inc. NY now owns 1,500,095 shares of the information services provider’s stock valued at $107,782,000 after buying an additional 715,951 shares in the last quarter. Menora Mivtachim Holdings LTD. raised its position in shares of Wix.Com by 146.1% during the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 1,050,796 shares of the information services provider’s stock valued at $75,500,000 after buying an additional 623,876 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Wix.Com by 2.2% during the 4th quarter. Victory Capital Management Inc. now owns 948,740 shares of the information services provider’s stock valued at $54,600,000 after purchasing an additional 20,510 shares during the last quarter. Jackson Square Partners LLC grew its holdings in Wix.Com by 890.0% during the 3rd quarter. Jackson Square Partners LLC now owns 852,230 shares of the information services provider’s stock valued at $61,232,000 after purchasing an additional 766,144 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Wix.Com by 7.9% during the 3rd quarter. Principal Financial Group Inc. now owns 683,144 shares of the information services provider’s stock valued at $49,084,000 after purchasing an additional 49,981 shares during the last quarter. Institutional investors and hedge funds own 79.06% 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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