Wix.com (NASDAQ:WIX – Get Free Report) had its price target dropped by analysts at JPMorgan Chase & Co. from $62.00 to $59.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an “underweight” rating on the information services provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 9.36% from the company’s current price.
WIX has been the subject of several other research reports. Benchmark reissued a “buy” rating on shares of Wix.com in a research note on Wednesday, August 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a $85.00 target price on shares of Wix.com in a research note on Tuesday. Wells Fargo & Company upped their price target on shares of Wix.com from $46.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Cantor Fitzgerald increased their price target on Wix.com from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, October 19th. Finally, Needham & Company LLC raised their price objective on Wix.com from $80.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, September 23rd. Ten analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Wix.com currently has a consensus rating of “Hold” and a consensus target price of $89.19.
Check Out Our Latest Stock Analysis on WIX
Wix.com Stock Performance
Shares of Wix.com stock traded down $4.66 on Tuesday, reaching $65.09. 1,139,434 shares of the stock were exchanged, compared to its average volume of 1,915,758. The firm has a market cap of $3.80 billion, a PE ratio of -18.41, a P/E/G ratio of 38.27 and a beta of 1.06. The firm’s 50 day moving average is $77.36 and its 200-day moving average is $70.42. Wix.com has a one year low of $40.16 and a one year high of $136.80.
Wix.com (NASDAQ:WIX – Get Free Report) last announced its quarterly earnings data on Tuesday, November 10th. The information services provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.02. Wix.com had a negative net margin of 8.19% and a negative return on equity of 1.61%. The business had revenue of $570.17 million for the quarter, compared to analysts’ expectations of $566.27 million. During the same period last year, the firm posted $1.80 earnings per share. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, equities research analysts expect that Wix.com will post 0.24 EPS for the current fiscal year.
Insider Buying and Selling
In related news, CMO Omer Shai acquired 490 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The shares were bought at an average cost of $59.89 per share, with a total value of $29,346.10. Following the completion of the purchase, the chief marketing officer directly owned 515,879 shares in the company, valued at $30,895,993.31. The trade was a 0.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ron Gutler sold 5,718 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $85.42, for a total value of $488,431.56. Following the completion of the sale, the director owned 15,631 shares in the company, valued at $1,335,200.02. The trade was a 26.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have purchased a total of 2,622 shares of company stock valued at $157,032 over the last quarter. 6.20% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Wix.com
Large investors have recently modified their holdings of the company. Senvest Management LLC grew its holdings in Wix.com by 24.8% during the 1st quarter. Senvest Management LLC now owns 3,754,680 shares of the information services provider’s stock worth $338,184,000 after acquiring an additional 746,200 shares during the period. Hsbc Holdings PLC increased its holdings in Wix.com by 11,894.0% in the first quarter. Hsbc Holdings PLC now owns 3,529,474 shares of the information services provider’s stock worth $318,676,000 after purchasing an additional 3,500,047 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Wix.com by 57.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,585,962 shares of the information services provider’s stock valued at $142,848,000 after buying an additional 578,729 shares during the period. OMERS ADMINISTRATION Corp lifted its stake in Wix.com by 7,102.6% in the first quarter. OMERS ADMINISTRATION Corp now owns 695,267 shares of the information services provider’s stock valued at $62,623,000 after buying an additional 685,614 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of Wix.com by 52.1% during the 1st quarter. Renaissance Technologies LLC now owns 576,049 shares of the information services provider’s stock worth $51,885,000 after buying an additional 197,200 shares during the period. 81.52% of the stock is currently owned by institutional investors and hedge funds.
Wix.com News Roundup
Here are the key news stories impacting Wix.com this week:
- Positive Sentiment: Q3 revenue rose 12.9% year over year to $570.17 million, above consensus, while EPS of $1.42 also topped estimates. Wix Reports Third Quarter 2026 Results
- Positive Sentiment: Wix expects revenue to improve in Q4 and for the full year, offering a favorable sales outlook. Wix.com Q3 Revenue Rises; Expects Q4, Annual Revenue To Improve
- Negative Sentiment: The company lowered its cash-flow margin outlook, citing higher marketing spending and additional investment in AI. Investors may be concerned that these costs will weigh on near-term cash generation. Wix pours more money into AI, cuts cash flow outlook
- Negative Sentiment: Bank of America downgraded Wix from Buy to Underperform and cut its price target from $75 to $68, adding to pressure on the stock. Bank of America stock recommendations
Wix.com Company Profile
Wix.com Ltd. is a cloud-based platform that enables individuals, businesses and organizations to create and manage websites. Its tools include customizable templates, a visual website editor and hosting, allowing users to build sites without advanced coding skills or develop more customized experiences. The company also offers services for online businesses, including e-commerce features, appointment booking, payments, marketing tools and website analytics. Its products are designed to help customers manage multiple aspects of their online presence through one platform.
See Also
- Five stocks we like better than Wix.com
- Archer Aviation’s FAA Certificate Is a Milestone, But It Isn’t the Final One
- Microsoft’s Neocloud Pullback Isn’t a Crack in AI Demand
- Fox’s $22 Billion Roku Acquisition Reshapes Its Streaming Business
- DraftKings Just Lost 20%—And Its Biggest Gamble Is Still Ahead
Receive News & Ratings for Wix.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wix.com and related companies with MarketBeat.com's FREE daily email newsletter.
