Wix.com (NASDAQ:WIX) Issues Earnings Results

Wix.com (NASDAQ:WIX) announced its quarterly earnings data on Wednesday. The information services provider reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.69), Zacks reports. Wix.com had a net margin of 5.47% and a negative return on equity of 52.68%. Wix.com updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Wix.com Stock Performance

NASDAQ:WIX opened at $225.63 on Wednesday. The stock has a 50-day simple moving average of $226.72 and a two-hundred day simple moving average of $192.17. Wix.com has a 52-week low of $117.58 and a 52-week high of $247.11. The firm has a market capitalization of $12.37 billion, a PE ratio of 140.62, a P/E/G ratio of 2.49 and a beta of 1.58.

Analysts Set New Price Targets

A number of analysts have commented on the company. Cantor Fitzgerald lifted their target price on Wix.com from $200.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Robert W. Baird lifted their target price on Wix.com from $175.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, November 25th. StockNews.com raised Wix.com from a “hold” rating to a “buy” rating in a report on Saturday, November 23rd. Barclays lifted their target price on Wix.com from $184.00 to $236.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, B. Riley lifted their target price on Wix.com from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $240.22.

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.