Wix.com (WIX) Expected to Announce Earnings on Wednesday

Wix.com (NASDAQ:WIX) is expected to issue its quarterly earnings data before the market opens on Wednesday, February 19th. Analysts expect the company to announce earnings of $1.61 per share and revenue of $461.44 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Wix.com Stock Up 1.4 %

WIX stock opened at $227.41 on Wednesday. The company has a market capitalization of $12.47 billion, a P/E ratio of 142.13, a PEG ratio of 2.48 and a beta of 1.58. The company has a 50-day simple moving average of $226.18 and a 200 day simple moving average of $189.63. Wix.com has a fifty-two week low of $117.58 and a fifty-two week high of $247.11.

Analysts Set New Price Targets

WIX has been the topic of several research reports. Bank of America boosted their price target on shares of Wix.com from $190.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Robert W. Baird boosted their price target on shares of Wix.com from $175.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. Cantor Fitzgerald increased their price objective on Wix.com from $200.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Jefferies Financial Group lifted their target price on Wix.com from $225.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, Evercore ISI raised Wix.com to a “strong-buy” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Wix.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $232.61.

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.