Wix.com (NASDAQ:WIX) Releases Quarterly Earnings Results, Misses Expectations By $0.69 EPS

Wix.com (NASDAQ:WIX) posted its quarterly earnings results on Wednesday. The information services provider reported $0.92 earnings per share for the quarter, missing the consensus estimate 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

Wix.com stock opened at $227.78 on Wednesday. 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 $12.49 billion, a PE ratio of 142.36, a PEG ratio of 2.49 and a beta of 1.58. The business’s 50-day simple moving average is $226.72 and its 200-day simple moving average is $192.17.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Raymond James upgraded Wix.com from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from $225.00 to $300.00 in a report on Tuesday, January 21st. B. Riley lifted their target price on shares of Wix.com from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Evercore ISI raised shares of Wix.com to a “strong-buy” rating in a research note on Thursday, November 21st. Bank of America increased their price objective on Wix.com from $228.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Wells Fargo & Company assumed coverage on Wix.com in a research report on Monday, February 3rd. They issued an “underweight” rating and a $208.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average 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.