Wix's second-quarter losses were largely due to the investments the company made in its customer care operations, as well as increased marketing expenses related to strong demand for its online business tools. Meanwhile, Wix's operating and free cash flow climbed 34% and 52%, respectively, to $50 million and $46.7 million.
What is the upside for Wix (Wix) stock?
On average, they anticipate Wix.Com's stock price to reach $137.4207 in the next twelve months. This suggests a possible upside of 11.0% from the stock's current price. View Analyst Price Targets for Wix.Com.
What are analysts'price targets for Wix (Wix) stock?
15 analysts have issued twelve-month price objectives for Wix.Com's shares. Their predictions range from $93.00 to $180.00. On average, they expect Wix.Com's share price to reach $137.42 in the next year. This suggests a possible upside of 11.3% from the stock's current price. View Analyst Price Targets for Wix.Com.
How much of Wix's stock is owned by institutions?
90.87% of the stock of Wix.com is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Earnings for Wix.com are expected to decrease in the coming year, from ($4.86) to ($5.76) per share.
What is Wix's (Wix) price potential in the next 12 months?
Their forecasts range from $93.00 to $180.00. On average, they anticipate Wix.Com's stock price to reach $137.4207 in the next twelve months. This suggests a possible upside of 11.0% from the stock's current price.
Is Wix stock a good buy?
Wix's analyst rating consensus is a 'Moderate Buy.
Will Wix stock go up?
Stock Price Forecast The 14 analysts offering 12-month price forecasts for Wix.Com Ltd have a median target of 87.50, with a high estimate of 160.00 and a low estimate of 68.00. The median estimate represents a +35.47% increase from the last price of 64.59.
Will Wix stock recover?
Key Points. Wix revenue should still grow at a mid-teens-percentage rate this year and next. Management said free cash flow profit margin will rebound significantly into 2023. This is no cheap stock, but Wix can recover from here after its early-pandemic boom.
Should I sell Wix stock?
There are currently 1 sell rating, 8 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Wix.com stock.
Is Wix undervalued?
Summary. Wix.com is fundamentally undervalued after a sell-off of 80% since its ATH. The company offers solutions to over 220 million users, but still, just a minority of them are paid subscribers.
Is Wix overvalued?
Wix maintains a prevalent Real Value of $59.61 per share. The last-minute price of the company is $69.79. At this time, the company appears to be overvalued.
What is the future of Wix?
For 2021 Q3, WIX reported an expected future collection of 15.4B over the next 10 years. Two years ago, for 2019 Q4, this number is only 6.8B. The value WIX brings to the table is definitely higher than 2019. However, the current stock price is back to 2019 at 140 level.
Is Wix a sell?
With Wix, you can sell digital or physical products, source products from marketplaces like AliExpress, create custom merchandise and more.
Who bought Wix?
Mann+HummelThe parent company of WIX Filters and Filtron has been acquired by Mann+Hummel.
Can Wix compete with Shopify?
Wix has better design functionalities Wix just beats Shopify for design. Its simplicity in design makes it a great option if you're a small trader. Wix's templates are packaged to help you do the basics straight away, but if you want an online store that's more optimized for sales, Shopify's themes are for you.
Is Wix a buy Zacks?
Zacks' proprietary data indicates that Wix.com Ltd. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the WIX shares relative to the market in the next few months.
What is Wix investment?
Wix Capital is a fund that invests in early-stage companies that offer significant industry opportunities to shape the future of the web.
Should I buy or sell Wix.com stock right now?
17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wix.com in the last year. There are currently 1 sell rating, 8 hold ratin...
What is Wix.com's stock price forecast for 2022?
17 brokers have issued 1 year price objectives for Wix.com's stock. Their forecasts range from $75.00 to $260.00. On average, they expect Wix.com's...
How has Wix.com's stock price performed in 2022?
Wix.com's stock was trading at $157.79 at the beginning of the year. Since then, WIX shares have decreased by 61.7% and is now trading at $60.40....
When is Wix.com's next earnings date?
Wix.com is scheduled to release its next quarterly earnings announcement on Wednesday, August 10th 2022. View our earnings forecast for Wix.com .
How were Wix.com's earnings last quarter?
Wix.com Ltd. (NASDAQ:WIX) released its quarterly earnings data on Monday, May, 16th. The information services provider reported ($1.61) earnings pe...
What guidance has Wix.com issued on next quarter's earnings?
Wix.com updated its second quarter 2022 earnings guidance on Monday, June, 6th. The company provided EPS guidance of for the period. The company is...
Who are Wix.com's key executives?
Wix.com's management team includes the following people: Mr. Avishai Abrahami , Co-Founder, Honorary Chairman & CEO (Age 51, Pay $400k) Mr. Nir...
What is Avishai Abrahami's approval rating as Wix.com's CEO?
205 employees have rated Wix.com CEO Avishai Abrahami on Glassdoor.com . Avishai Abrahami has an approval rating of 96% among Wix.com's employees....
Who are some of Wix.com's key competitors?
Some companies that are related to Wix.com include FactSet Research Systems (FDS) , Pinterest (PINS) , Meta Platforms (META) , Switch (SWCH) ,...
NASDAQ: WIX
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
The website builder is having a rough time in 2021, at least in terms of its stock performance
2021 has been kind so far for investors. The S&P 500 Index, which tracks the performance of 500 large companies in the United States, is up about 18% year to date (YTD), more than doubling the long-term average of 9% annual returns. However, under the hood, a lot of high-growth and tech stocks have been clobbered this year.
Wix had disappointing Q2 results
If you look at Wix's yearly stock chart, the big drop came right after the company released its second-quarter earnings results. Revenue grew 34% year over year in the quarter to $316 million, and collections (the actual dollars that Wix collected from customers) grew 29% year over year to $343 million.
NASDAQ: WIX
Moving down the income statement, Wix's gross margin was 62% in the period. This is lower than it has been historically because of its fast-growing Business Solutions segment, which currently has very low gross margins.
Wix still has major growth opportunities
As an investor, it is never great when a company lowers its full-year guidance. But if you look at Wix with a longer time frame, then the picture starts looking a lot rosier.
Wix's valuation looks better
The combination of the stock being down while the business has grown has brought Wix's valuation to a more reasonable point. With a market cap of $10.4 billion, Wix stock trades at a price-to-sales ratio (P/S) of 7.4 based on the low point of its full-year 2021 collections guidance.
Premium Investing Services
Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.
4.3 Analyst's Opinion
Wix.com has received a consensus rating of Buy. The company's average rating score is 2.68, and is based on 13 buy ratings, 6 hold ratings, and no sell ratings.
Is Wix.com a buy right now?
19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wix.com in the last twelve months. There are currently 6 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Wix.com stock. View analyst ratings for Wix.com or view top-rated stocks.
How has Wix.com's stock been impacted by Coronavirus?
Wix.com's stock was trading at $114.98 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, WIX stock has decreased by 25.1% and is now trading at $86.12. View which stocks have been most impacted by COVID-19.
Are investors shorting Wix.com?
Wix.com saw a decline in short interest during the month of January. As of January 31st, there was short interest totaling 3,190,000 shares, a decline of 19.0% from the January 15th total of 3,940,000 shares. Based on an average trading volume of 912,400 shares, the days-to-cover ratio is presently 3.5 days.
When is Wix.com's next earnings date?
Wix.com is scheduled to release its next quarterly earnings announcement on Wednesday, May 11th 2022. View our earnings forecast for Wix.com.
How were Wix.com's earnings last quarter?
Wix.com Ltd. (NASDAQ:WIX) released its quarterly earnings results on Wednesday, February, 16th. The information services provider reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($1.35) by $0.98.
What guidance has Wix.com issued on next quarter's earnings?
Wix.com updated its first quarter 2022 earnings guidance on Wednesday, February, 16th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $338 million-$343 million, compared to the consensus revenue estimate of $355.30 million.
Wix.com Q2 Earnings Lag Estimates, Revenues Top
Wix.com Ltd. reported second-quarter 2020 non-GAAP loss of 26 cents per share, wider than the Zacks Consensus Estimate of a loss of 23 cents.
Quarter in Detail
For increased transparency, beginning the fourth quarter, Wix reports revenues, collections and cost of revenues under two segments: Creative Subscriptions and Business Solutions. Creative Subscriptions revenues (80.6% of revenues) improved 21% year over year to $190.2 million, driven by increase in Creative Subscriptions Annualized Recurring Revenue (ARR), which is the primary KPI for growth of its segment.
Key Metrics in Q2
Collections came in at $265.9 million, up 33% year over year. Collections in North America and Europe increased 39% and 37%, respectively, on a cc basis. Creative Subscriptions (81.9% of collections) increased 28% year over year to $217.7 million.
Wix Is Firing On All Cylinders
Having a strong online presence is crucially important for businesses of all sizes. This trend has been well in place for a long time, and it is now accelerating due to the pandemic.
Seeing The Big Picture
Wall Street is generally too short-sighted, the market is typically expecting an expansion in profit margins for a company that is growing rapidly and has a structurally profitable business model based on subscriptions to a good degree. This disappointment can arguably explain why Wix stock is almost 20% down from its highs of the year.
Timing and Valuation
Wix stock reached new highs at almost $320 as the company was reporting earnings on August 6. Since then, the stock has pulled back by almost 20% from those levels, and now it seems to be finding support above $240.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
What's Happening With WIX Stock Today?
Wix.Com Ltd (WIX) stock is trading at $112.04 as of 1:18 PM on Thursday, Feb 3, a loss of -$9.47, or -7.8% from the previous closing price of $121.51. The stock has traded between $111.00 and $117.78 so far today. Volume today is below average. So far 435,941 shares have traded compared to average volume of 886,553 shares.
More About Wix.Com Ltd
Wix.com Ltd is a cloud-based development platform provider for millions of registered users worldwide. The company is engaged in web development and management that provides an easy-to-use powerful cloud-based platform of products through a freemium model.
