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

Wix.com (NASDAQ:WIX) is expected 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 Stock Performance

Wix.com stock opened at $182.75 on Monday. Wix.com has a one year low of $137.94 and a one year high of $247.11. The company has a market cap of $10.25 billion, a P/E ratio of 77.77, a price-to-earnings-growth ratio of 2.83 and a beta of 1.56. The business has a fifty day moving average of $166.28 and a two-hundred day moving average of $196.95.

Wix.com declared that its Board of Directors has authorized a share repurchase plan on Thursday, February 27th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the information services provider to reacquire up to 1.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wells Fargo & Company upgraded Wix.com from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $169.00 to $176.00 in a research report on Tuesday, April 8th. StockNews.com upgraded Wix.com from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 3rd. Benchmark lifted their price objective on Wix.com from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Oppenheimer dropped their price objective on Wix.com from $250.00 to $220.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Finally, Morgan Stanley dropped their price objective on Wix.com from $276.00 to $207.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $237.74.

Hedge Funds Weigh In On Wix.com

A hedge fund recently raised its stake in Wix.com stock. AQR Capital Management LLC increased its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 36.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,627 shares of the information services provider’s stock after acquiring an additional 436 shares during the quarter. AQR Capital Management LLC’s holdings in Wix.com were worth $266,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 81.52% of the company’s stock.

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.