Wix.com (NASDAQ:WIX) Announces Earnings Results, Misses Estimates By $0.69 EPS

Wix.com (NASDAQ:WIX) released its earnings results on Wednesday. The information services provider reported $0.92 EPS 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 Trading Up 1.8 %

WIX opened at $227.78 on Wednesday. Wix.com has a 1-year low of $117.58 and a 1-year high of $247.11. The firm has a 50-day moving average price of $226.72 and a two-hundred day moving average price of $192.17. The stock 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.

Wall Street Analyst Weigh In

WIX has been the subject of several research reports. Evercore ISI upgraded shares of Wix.com to a “strong-buy” rating in a research note on Thursday, November 21st. Bank of America upped their price target on Wix.com from $228.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price objective on Wix.com from $195.00 to $205.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. JMP Securities reaffirmed a “market outperform” rating and issued a $240.00 target price on shares of Wix.com in a research report on Tuesday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $235.00 price target on shares of Wix.com in a report on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $240.22.

Wix.com Company Profile

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.