Wix.com (NASDAQ:WIX) Shares Up 6.2% - Time to Buy?

Key Points

• Wix shares rose 6.2% to $66.27, although trading volume was 91% below the average. The stock remains near its 200-day moving average of $66.78 and has a market capitalization of approximately $3.85 billion.
• Wix reported 14.9% year-over-year revenue growth and quarterly EPS of $1.39, beating the $1.13 consensus estimate, but it remains unprofitable on a GAAP basis. Analysts’ average rating is “Hold,” with an average price target of $91.10.
• Investors face legal and reputational risks from a pending securities class action tied to the company’s May 2026 share-price collapse. The lawsuit alleges misleading statements by Wix and certain executives, with a lead-plaintiff deadline of September 22, 2026.

Wix.com Ltd. (NASDAQ:WIX - Get Free Report)'s share price rose 6.2% on Tuesday . The company traded as high as $65.54 and last traded at $66.2650. Approximately 191,562 shares traded hands during trading, a decline of 91% from the average daily volume of 2,218,146 shares. The stock had previously closed at $62.42.

Wix.com News Summary

Here are the key news stories impacting Wix.com this week:

• Positive Sentiment: A new review described Wix’s website builder as a top-tier platform, highlighting its deep customization capabilities. This supports the company’s product reputation and long-term competitive positioning. Wix website builder review
• Neutral Sentiment: Analysts have assigned Wix.com an average “Hold” recommendation, suggesting limited consensus for near-term upside despite the stock’s recent rebound. Wix.com analyst recommendation
• Neutral Sentiment: The company’s latest reported quarter showed revenue growth of 14.9% year over year and earnings above consensus estimates, providing a fundamental backdrop for the recent recovery. However, Wix remains unprofitable on a GAAP basis, and full-year earnings expectations are modest.
• Negative Sentiment: Multiple law firms—including Gross, Robbins, Rosen, Faruqi & Faruqi, Kahn Swick & Foti, Kaplan Fox, Hagens Berman, SBS and DJS—are soliciting investors in connection with a pending securities class action. The lawsuit covers purchases from February 19, 2025, through May 12, 2026, and alleges that Wix and certain executives made materially false or misleading statements. The lead-plaintiff deadline is September 22, 2026. Gross Law Firm Wix deadline alert
• Negative Sentiment: The litigation stems from the company’s reported mid-May 2026 share-price collapse after its first-quarter results. While the notices do not represent a new judgment or finding of liability, continued legal publicity creates reputational, financial and disclosure-related overhang for WIX investors. Hagens Berman Wix class action notice

Wall Street Analysts Forecast Growth

A number of research analysts have commented on WIX shares. Oppenheimer lowered their price target on Wix.com from $115.00 to $85.00 and set an "outperform" rating for the company in a research report on Thursday, May 14th. Cantor Fitzgerald lifted their price objective on Wix.com from $65.00 to $80.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. UBS Group set a $75.00 target price on Wix.com in a research note on Wednesday, August 5th. Bank of America decreased their target price on Wix.com from $136.00 to $109.00 and set a "buy" rating for the company in a report on Tuesday, April 21st. Finally, Weiss Ratings lowered Wix.com from a "sell (d+)" rating to a "sell (d)" rating in a research note on Friday, May 29th. Eleven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $91.10.

Wix.com Trading Up 5.6%

The stock has a market cap of $3.85 billion, a P/E ratio of -18.62, a PEG ratio of 170.25 and a beta of 0.90. The stock's fifty day moving average price is $50.82 and its 200 day moving average price is $66.78.

Wix.com (NASDAQ:WIX - Get Free Report) last released its earnings results on Tuesday, August 4th. The information services provider reported $1.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.26. Wix.com had a negative net margin of 8.19% and a negative return on equity of 1.61%. The firm had revenue of $563.06 million for the quarter, compared to the consensus estimate of $552.56 million. During the same period in the prior year, the firm earned $2.28 EPS. The company's revenue was up 14.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Wix.com Ltd. will post 0.04 earnings per share for the current year.

Hedge Funds Weigh In On Wix.com

Several large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC increased its position in Wix.com by 122.2% during the 4th quarter. Farther Finance Advisors LLC now owns 240 shares of the information services provider's stock valued at $25,000 after buying an additional 132 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of Wix.com in the fourth quarter worth $27,000. Geneos Wealth Management Inc. grew its stake in shares of Wix.com by 632.4% in the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider's stock worth $41,000 after acquiring an additional 215 shares during the last quarter. Employees Retirement System of Texas increased its holdings in shares of Wix.com by 129.9% during the fourth quarter. Employees Retirement System of Texas now owns 446 shares of the information services provider's stock valued at $46,000 after acquiring an additional 252 shares in the last quarter. Finally, Banque Cantonale Vaudoise increased its holdings in shares of Wix.com by 464.8% during the fourth quarter. Banque Cantonale Vaudoise now owns 497 shares of the information services provider's stock valued at $52,000 after acquiring an additional 409 shares in the last quarter. 81.52% of the stock is currently owned by hedge funds and other institutional investors.

About Wix.com

Wix.com Ltd. operates a cloud-based platform that enables individuals and businesses to create, manage and develop professional web presences through an intuitive drag-and-drop interface. The company's software-as-a-service model provides hosting, customizable templates and a range of design tools, eliminating the need for coding expertise. Users can choose from a variety of premium plans to access custom domains, enhanced storage, and advanced performance features tailored to personal projects, small businesses and online storefronts.

Beyond its core website builder, Wix offers a suite of complementary services designed to support digital growth and marketing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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