Wix.com (NASDAQ:WIX) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Wix.com Ltd. (NASDAQ:WIX) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $75.78 and traded as low as $44.42. Wix.com shares last traded at $45.37, with a volume of 932,348 shares changing hands.

Analysts Set New Price Targets

WIX has been the topic of several research reports. Wall Street Zen downgraded shares of Wix.com from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Morgan Stanley reduced their price target on shares of Wix.com from $125.00 to $112.00 and set an “overweight” rating on the stock in a research report on Monday, May 18th. Wells Fargo & Company cut their price objective on shares of Wix.com from $54.00 to $47.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 9th. Barclays decreased their price target on shares of Wix.com from $155.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Finally, Scotiabank reissued an “outperform” rating on shares of Wix.com in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Wix.com has an average rating of “Moderate Buy” and a consensus target price of $96.75.

Wix.com Stock Performance

The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of -63.27 and a beta of 0.93. The business’s 50 day moving average price is $56.66 and its two-hundred day moving average price is $75.03.

Wix.com (NASDAQ:WIX) last announced its earnings results on Wednesday, May 13th. The information services provider reported $0.68 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.53). Wix.com had a negative return on equity of 33.28% and a negative net margin of 1.97%.The firm had revenue of $541.17 million during the quarter, compared to analyst estimates of $544.04 million. During the same quarter in the previous year, the business earned $1.69 earnings per share. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, sell-side analysts expect that Wix.com Ltd. will post -0.16 earnings per share for the current year.

Institutional Trading of Wix.com

Several large investors have recently modified their holdings of the company. Arkadios Wealth Advisors acquired a new stake in shares of Wix.com in the first quarter valued at about $249,000. California State Teachers Retirement System boosted its position in shares of Wix.com by 6.0% in the first quarter. California State Teachers Retirement System now owns 59,243 shares of the information services provider’s stock valued at $5,336,000 after acquiring an additional 3,343 shares during the period. Empowered Funds LLC acquired a new stake in shares of Wix.com in the first quarter worth $2,381,000. Quantinno Capital Management LP grew its stake in shares of Wix.com by 155.6% in the first quarter. Quantinno Capital Management LP now owns 122,722 shares of the information services provider’s stock worth $11,054,000 after acquiring an additional 74,716 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp raised its stake in Wix.com by 7,102.6% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 695,267 shares of the information services provider’s stock valued at $62,623,000 after purchasing an additional 685,614 shares during the last quarter. 81.52% of the stock is owned by institutional investors.

Wix.com Company Profile

Wix.com Ltd. operates a cloud-based platform that enables individuals and businesses to create, manage and develop professional web presences through an intuitive drag-and-drop interface. The company’s software-as-a-service model provides hosting, customizable templates and a range of design tools, eliminating the need for coding expertise. Users can choose from a variety of premium plans to access custom domains, enhanced storage, and advanced performance features tailored to personal projects, small businesses and online storefronts.

Beyond its core website builder, Wix offers a suite of complementary services designed to support digital growth and marketing.