Wix.com (WIX) Projected to Post Earnings on Wednesday

Wix.com (NASDAQ:WIX) is projected to post its Q1 2025 quarterly earnings results before the market opens on Wednesday, May 21st. Analysts expect Wix.com to post earnings of $1.66 per share and revenue of $471.97 million for the quarter.

Wix.com Trading Up 2.9%

WIX stock opened at $184.89 on Wednesday. Wix.com has a 12-month low of $127.49 and a 12-month high of $247.11. The stock has a market cap of $10.37 billion, a price-to-earnings ratio of 78.68, a PEG ratio of 2.83 and a beta of 1.56. The business’s 50-day moving average is $165.87 and its 200 day moving average is $196.45.

Wix.com announced that its Board of Directors has initiated a share buyback program on Thursday, February 27th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the information services provider to reacquire up to 1.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

WIX has been the subject of several analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $245.00 price objective on shares of Wix.com in a research report on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and issued a $235.00 price objective on shares of Wix.com in a report on Wednesday, February 19th. JPMorgan Chase & Co. dropped their target price on Wix.com from $205.00 to $189.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. StockNews.com raised Wix.com from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 3rd. Finally, Cfra Research lowered shares of Wix.com from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Wix.com presently has a consensus rating of “Moderate Buy” and an average target price of $237.74.

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.