Wix.com (WIX) Set to Announce Quarterly Earnings on Wednesday

Wix.com (NASDAQ:WIX) is set to 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. Individual interested in participating in the company’s earnings conference call can do so using this link.

Wix.com Trading Up 0.2 %

Shares of Wix.com stock opened at $180.33 on Tuesday. The firm has a market cap of $9.89 billion, a PE ratio of 143.12, a PEG ratio of 3.83 and a beta of 1.47. The stock has a 50 day moving average of $165.98 and a 200 day moving average of $160.53. Wix.com has a 12 month low of $95.39 and a 12 month high of $192.00.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on WIX shares. JMP Securities reissued a “market outperform” rating and issued a $180.00 target price on shares of Wix.com in a report on Thursday, July 25th. UBS Group lifted their price objective on shares of Wix.com from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Benchmark upped their target price on shares of Wix.com from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. StockNews.com lowered Wix.com from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $200.00 price objective on shares of Wix.com in a research report on Monday, October 7th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $190.06.

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.