Wix.com (NASDAQ:WIX - Get Free Report) announced its 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 7.86% and a negative return on equity of 59.04%. The company had revenue of $460.50 million during the quarter, compared to analysts' expectations of $461.44 million. During the same quarter last year, the business posted $1.22 earnings per share. The company's revenue for the quarter was up 14.0% compared to the same quarter last year. Wix.com updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.
Wix.com Stock Performance
Wix.com stock traded down $5.54 during trading on Friday, hitting $198.11. The company's stock had a trading volume of 876,551 shares, compared to its average volume of 843,480. The stock has a market capitalization of $10.86 billion, a price-to-earnings ratio of 84.30, a P/E/G ratio of 2.42 and a beta of 1.58. The stock's fifty day moving average is $226.63 and its 200 day moving average is $192.98. Wix.com has a 1-year low of $117.58 and a 1-year high of $247.11.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on WIX shares. JMP Securities restated a "market outperform" rating and issued a $240.00 price target on shares of Wix.com in a research note on Tuesday. Needham & Company LLC reiterated a "buy" rating and set a $235.00 target price on shares of Wix.com in a research report on Wednesday. Royal Bank of Canada reiterated an "outperform" rating and set a $245.00 target price on shares of Wix.com in a research report on Thursday. Citigroup boosted their target price on Wix.com from $275.00 to $280.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. decreased their target price on Wix.com from $205.00 to $189.00 and set a "neutral" rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Wix.com presently has a consensus rating of "Moderate Buy" and an average price target of $245.83.
Check Out Our Latest Stock Report on Wix.com
Wix.com Company Profile
(
Get Free Report)
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.
See Also
Before you consider Wix.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wix.com wasn't on the list.
While Wix.com currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
