FY2028 Earnings Estimate for Wix.com Issued By B. Riley

Wix.com Ltd. (NASDAQ:WIX) – Research analysts at B. Riley issued their FY2028 earnings per share (EPS) estimates for shares of Wix.com in a note issued to investors on Monday, April 7th. B. Riley analyst N. Khan anticipates that the information services provider will post earnings of $10.90 per share for the year. The consensus estimate for Wix.com’s current full-year earnings is $3.65 per share. B. Riley also issued estimates for Wix.com’s FY2029 earnings at $13.23 EPS.

Other analysts have also issued research reports about the company. Morgan Stanley raised Wix.com from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $248.00 to $276.00 in a report on Monday, January 13th. Barclays raised their target price on shares of Wix.com from $236.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and issued a $235.00 price target on shares of Wix.com in a research report on Wednesday, February 19th. StockNews.com upgraded shares of Wix.com from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 3rd. Finally, Benchmark upped their target price on shares of Wix.com from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $242.53.

Wix.com Price Performance

NASDAQ:WIX opened at $149.60 on Wednesday. Wix.com has a one year low of $117.58 and a one year high of $247.11. The business has a fifty day moving average price of $191.72 and a 200-day moving average price of $196.72. The firm has a market capitalization of $8.39 billion, a price-to-earnings ratio of 63.66, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65.

Hedge Funds Weigh In On Wix.com

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. purchased a new stake in Wix.com during the 4th quarter valued at $43,000. Avior Wealth Management LLC increased its position in Wix.com by 79.5% during the fourth quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider’s stock valued at $43,000 after acquiring an additional 89 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of Wix.com by 36.0% in the fourth quarter. Global Retirement Partners LLC now owns 219 shares of the information services provider’s stock valued at $47,000 after acquiring an additional 58 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Wix.com in the 4th quarter worth about $52,000. Finally, Blue Trust Inc. boosted its stake in shares of Wix.com by 28.3% during the 4th quarter. Blue Trust Inc. now owns 254 shares of the information services provider’s stock worth $54,000 after purchasing an additional 56 shares during the period. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wix.com announced that its board has authorized a share buyback program on Thursday, February 27th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the information services provider to purchase up to 1.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

About Wix.com

Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.