Wix.com (NASDAQ:WIX) Given New $80.00 Price Target at Cantor Fitzgerald

Wix.com (NASDAQ:WIX) had its target price lowered by Cantor Fitzgerald from $90.00 to $80.00 in a research report report published on Wednesday morning, Marketbeat.com reports. Cantor Fitzgerald currently has an overweight rating on the information services provider’s stock.

WIX has been the topic of a number of other research reports. Wells Fargo & Company boosted their target price on shares of Wix.com from $46.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, August 5th. Bank of America lowered Wix.com from a “buy” rating to an “underperform” rating and cut their price target for the stock from $75.00 to $68.00 in a report on Tuesday. Royal Bank Of Canada lifted their price target on Wix.com from $45.00 to $60.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. Morgan Stanley lowered Wix.com from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $112.00 to $60.00 in a research note on Tuesday, July 21st. Finally, Needham & Company LLC boosted their price objective on Wix.com from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. Ten research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $89.52.

Wix.com Trading Up 6.2%

WIX opened at $68.34 on Wednesday. The firm has a 50-day moving average price of $76.48 and a 200-day moving average price of $70.22. Wix.com has a twelve month low of $40.16 and a twelve month high of $135.00.

Wix.com (NASDAQ:WIX) last announced its quarterly earnings results on Tuesday, November 10th. The information services provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.02. The company had revenue of $570.17 million for the quarter, compared to analysts’ expectations of $566.27 million. Wix.com had a negative net margin of 8.54% and a negative return on equity of 1.61%. Wix.com’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.80 EPS. Equities research analysts anticipate that Wix.com will post 0.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other Wix.com news, insider Shelly B. Meyer sold 479 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $95.00, for a total value of $45,505.00. Following the completion of the transaction, the insider directly owned 183,010 shares of the company’s stock, valued at $17,385,950. This trade represents a 0.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Omer Shai purchased 490 shares of Wix.com stock in a transaction dated Monday, August 31st. The shares were purchased at an average price of $59.89 per share, with a total value of $29,346.10. Following the completion of the transaction, the chief marketing officer directly owned 515,879 shares in the company, valued at approximately $30,895,993.31. This represents a 0.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 2,622 shares of company stock worth $157,032. Company insiders own 6.20% of the company’s stock.

Institutional Investors Weigh In On Wix.com

Several large investors have recently added to or reduced their stakes in WIX. Farther Finance Advisors LLC increased its stake in Wix.com by 74.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the information services provider’s stock worth $30,000 after acquiring an additional 177 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Wix.com by 537.6% in the 3rd quarter. Versant Capital Management Inc now owns 542 shares of the information services provider’s stock valued at $39,000 after acquiring an additional 457 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Wix.com during the 3rd quarter valued at about $53,000. Lombard Odier Asset Management USA Corp bought a new stake in shares of Wix.com during the 1st quarter valued at about $210,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Wix.com during the 3rd quarter valued at about $173,000. Institutional investors own 81.52% of the company’s stock.

Wix.com News Roundup

Investors following WIX have been watching these news items:

• Neutral Sentiment: Analyst actions were divided: Morgan Stanley raised its target to $73 and Cantor Fitzgerald maintained an Overweight rating despite lowering its target to $80. Citigroup trimmed its target to $71 and kept a Neutral rating. Morgan Stanley target update Cantor Fitzgerald target update
• Negative Sentiment: The main concern is Wix’s lower cash-flow-margin outlook, attributed to increased marketing investment, including spending on AI. Coverage also flagged slower growth in the core business, tempering the strong Base44 expansion. Cash-flow outlook and AI spending Base44 growth and core sales
• Negative Sentiment: Several firms took a more cautious stance: Bank of America downgraded WIX to Underperform, while JPMorgan, RBC, and Wells Fargo lowered their price targets. These moves signal concern about valuation and near-term execution despite the earnings beat. Analyst downgrades Wells Fargo target update

Wix.com Company Profile

Wix.com Ltd. is a cloud-based platform that enables individuals, businesses and organizations to create and manage websites. Its tools include customizable templates, a visual website editor and hosting, allowing users to build sites without advanced coding skills or develop more customized experiences. The company also offers services for online businesses, including e-commerce features, appointment booking, payments, marketing tools and website analytics. Its products are designed to help customers manage multiple aspects of their online presence through one platform.