|Bid||296.01 x 800|
|Ask||294.22 x 2200|
|Day's Range||287.95 - 298.79|
|52 Week Range||76.81 - 299.80|
|Beta (5Y Monthly)||1.87|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 22, 2020 - Jul 27, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||234.12|
Wix.com, Ltd. (NASDAQ: WIX), the leader in website creation, announced today the official launch of a new brand and revolutionary website creation platform, Editor X.
Online content and commerce initiatives are likely to boost the adoption and reach of Wix.Com Ltd's (NASDAQ: WIX) flagship platform, according to KeyBanc Capital Markets.The Wix Analyst: Josh Beck upgraded Wix.com from Sector Weight to Overweight, while establishing a price target of $250.The Wix Thesis: KeyBanc's proprietary Key First Look Data indicates a material year-on-year acceleration in collection growth in the second quarter, as individuals and businesses increase and sustain a more significant online presence, Beck said in the note.This tailwind may prove structural and propel Wix.com's revenue. The analyst said the company may witness positive user retention, with freemium conversions outweighing subscription churn.Conversion from new users may also increase, with more people and companies desiring an online content and commerce presence, Beck mentioned.He raised the revenue estimates for 2020 and 2021 above the Street's projections to $970 million and $1.2 billion, respectively, while adding that there is "room for further upside as increased category awareness could enhance commerce and up-market initiatives."WIX Price Action: Shares of Wix.com had appreciated more than 3% to $223 at the time of publication Tuesday.Related Links:A Peek Into The Markets: US Stock Futures Fall; Fed Meeting In FocusRBC Lifts Amazon Price Target To Street-High ,300, Says It's 'Best Global Play' On E-CommerceLatest Ratings for WIX DateFirmActionFromTo Jun 2020KeyBancUpgradesSector WeightOverweight May 2020GuggenheimMaintainsBuy May 2020CitigroupMaintainsBuy View More Analyst Ratings for WIX View the Latest Analyst RatingsSee more from Benzinga * Rosenblatt Says Buy Seagate And Hold Western Digital * Oppenheimer Upgrades Acuity Brands After Ushio America Deal, Sees 'Truly Promising Value Proposition' * DocuSign's COVID-19 Quarantine Benefits Could Last Longer, But Not Enough To Move BofA From Sidelines(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Shares of Wix.com (NASDAQ: WIX) rocketed 70% higher last month, according to data from S&P Global Market Intelligence, after the website building platform delivered strong first-quarter results. Its free cash flow, meanwhile, climbed 33% to $40 million. "The current crisis has magnified the importance of having an online presence like never before, and we are very fortunate to offer a product that provides businesses, brands, and individuals an opportunity to build and grow despite the increasing hardships that they are facing," CEO Avishai Abrahami said in a press release.
In this article you are going to find out whether hedge funds think Wix.Com Ltd (NASDAQ:WIX) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among […]
Have you ever missed a stock and you stop looking as it moves without you? Force yourself to keep watching. With Wix stock, we got another chance.
Often overlooked because of its larger and higher-growth peer Shopify, e-commerce enabler Wix.com (NASDAQ: WIX) had a great first quarter of 2020. As for the headline numbers, Wix's results were in line with management's expectations outlined at the beginning of 2020. Revenue grew 24% to $216 million, driven by a 17% increase in "Creative Subscriptions" (the basic cloud-based web designer platform) to $177 million, and a 72% increase in business solutions to $39.4 million.
In an "Executive Decision" segment of Mad Money Friday evening, Jim Cramer spoke with Avishai Abrahami, co-founder and CEO of Wix.com Ltd. , the website creation platform. Shares of Wix are up 70% over the past month. Abrahami said Wix continues to provide a lot more than just great looking websites.
Wix.com Ltd. (Nasdaq: WIX) has expanded its global presence and announced a new business partnership with telecommunication and technology service provider, Türk Telekom. As a result of this partnership, Wix is offered as part of Türk Telekom's bundled premium package for small and medium-sized businesses (SMBs) - which includes more than 48 million subscribers, of which over 1.5 million are active SMBs.
Wix.com Ltd. (WIX) first-quarter results reflect growing user and premium subscription base, and strong growth in online selling activity amid coronavirus crisis-induced Internet demand.
Rosenblatt Securities analyst Mark Zgutowicz reiterated a Hold rating on Wix (NASDAQ:WIX).com Ltd on Friday, setting a price target of $148, which is approximately 10.95% below the present share price of $166.2.
Ladies and gentlemen, thank you for standing by and welcome to the Wix's Q1 2020 Earnings Call. Joining me today to discuss our results are Avishai Abrahami, CEO and Co-Founder; Nir Zohar, President and COO; and Lior Shemesh, CFO.
Shares of Wix (NASDAQ: WIX) have jumped today, up by 9% as of 12:45 p.m. EDT, after the company reported first-quarter earnings. The COVID-19 pandemic is increasing demand for Wix's website-building tools. Revenue in the first quarter rose 24% to $216 million, mostly in line with the consensus estimate of $216.2 million.
Shares of Wix.com (NASDAQ:WIX) rose 9.2% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share decreased 133.33% over the past year to ($0.01), which beat the estimate of ($0.03).Revenue of $215,987,000 rose by 23.92% year over year, which missed the estimate of $216,200,000.Outlook Earnings guidance hasn't been issued by the company for now.Q2 revenue expected to be between $231,000,000 and $233,000,000.How To Listen To The Conference Call Date: May 14, 2020View more earnings on WIXTime: 11:50 PM ETWebcast URL: https://edge.media-server.com/mmc/p/74cwn2t4Recent Stock Performance Company's 52-week high was at $171.19Company's 52-week low was at $76.81Price action over last quarter: Up 32.18%Company Profile 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. Its core products consist of three web editors: the Wix Editor, intended for users with basic technological skills, Wix ADI, intended for novice users and Corvid, intended for more tech-savvy users. The company's web development technology is built based on HTML5 and offers HTML5 compatible capabilities, web design and layout tools, domain hosting, and other marketing and workflow management applications and services. The geographic segments include North America, Europe, Latin America, and Asia and others.See more from Benzinga * Stocks That Hit 52-Week Highs On Tuesday * Stocks That Hit 52-Week Highs On Friday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Wix.com (WIX) delivered earnings and revenue surprises of 50.00% and 0.09%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Website developer Wix.com (WIX) has reported solid first quarter earnings results, with Q1 Non-GAAP EPS of -$0.01 beating Street expectations by $0.01. Meanwhile both GAAP EPS of -$0.76 and revenue of $216M fell in-line with consensus.Revenue surged 23.9% year-over-year, while the company added 3.2 million new registered users, an increase of 63% year-over-year and an all-time monthly high.“The current crisis has magnified the importance of having an online presence like never before, and we are very fortunate to offer a product that provides businesses, brands and individuals an opportunity to build and grow,” says Avishai Abrahami, CEO of Wix, noting that “demand for our platform offerings boomed at the beginning of April.”Indeed, collections from users acquired during April 2020 were 76% higher than from users acquired in April a year ago and net premium subscription additions in the month of April were also up 207% y/y.Looking ahead, WIX withdrew its full year guidance, but revealed that it is now anticipating second quarter revenue of $231 – 233 million (translating into 25-26% year-over-year growth), collections of $255 – 260 million and free cash flow of $41 – 43 million.According to the company, COVID-19 has accelerated a huge shift of businesses that rely on an online presence as the anchor of their activity. “This change in behavior is creating a vast tailwind for our business. Our second quarter guidance reflects this rapid acceleration” Wix says.Indeed, the stock shows a firm Strong Buy analyst consensus, with 12 recent buy ratings and 1 hold rating. However, with shares rallying 36% year-to-date, the average analyst price target now suggests 6% downside potential from current levels. (See WIX stock analysis on TipRanks).“With high Gross Margins (70%+) and a sizeable TAM [total addressable market], we think there is potential for an attractive long-term model” says RBC Capital analyst Mark Mahaney.Related News: Intelsat SA Sinks 18% On Bankruptcy Filing Intel, Taiwan Semiconductor Said to Be in Talks with Trump to Build U.S. Plants Uber Announces $750M Notes Offering, As GrubHub Takeover Reports Swirl More recent articles from Smarter Analyst: * Alibaba Scores Earnings Beat With Revenue Surging 22% Y/Y * Foot Locker Earnings Miss On All Counts; Stock Down 6% In Pre-Market * Netflix Will Now Automatically Cancel Inactive Accounts * Nvidia Sinks Despite Stellar Earnings; Top Analyst Says Buy On Any Weakness
Wix.com Ltd. (Nasdaq: WIX) today reported strong financial results for the first quarter ended March 31, 2020. In addition, the Company provided its initial outlook for the second quarter 2020.