Wix.com (WIX) to Release Earnings on Wednesday

Wix.com (NASDAQ:WIX) will announce its earnings results before the market opens on Wednesday, November 20th. Analysts expect the company to announce earnings of $1.44 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Wix.com Price Performance

WIX opened at $188.94 on Wednesday. The company has a 50 day simple moving average of $163.86 and a two-hundred day simple moving average of $158.71. The firm has a market cap of $10.36 billion, a P/E ratio of 149.47, a PEG ratio of 3.67 and a beta of 1.47. Wix.com has a 1-year low of $86.22 and a 1-year high of $192.00.

Analyst Ratings Changes

A number of brokerages have issued reports on WIX. Piper Sandler upgraded Wix.com from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $184.00 to $200.00 in a research note on Monday, September 23rd. JMP Securities reiterated a “market outperform” rating and set a $180.00 target price on shares of Wix.com in a research report on Thursday, July 25th. KeyCorp initiated coverage on Wix.com in a report on Thursday, July 25th. They issued a “sector weight” rating on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $190.00 price objective on shares of Wix.com in a report on Wednesday, August 7th. Finally, Benchmark boosted their target price on shares of Wix.com from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $190.06.

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.