Wix.com Ltd, together with its subsidiaries, develops and markets a cloud-based platform that enables anyone to create a website or web application in North America, Europe, Latin America, Asia, and internationally. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; Wix ADI that enables users to create a website for their specific needs; and Corvid by Wix to create websites and web applications. It also provides Ascend by Wix, which offers its users access to a suite of approximately 20 products or features enabling them to connect with their customers, automate their work, and grow their business; Wix Logo Maker that allows users to generate a logo using artificial intelligence; Wix Answers, a support infrastructure enabling its users to help their users across various channels; and Wix Payments, a payment platform, which helps its users receive payments from their users through their Wix Website. In addition, the company offers various vertical-specific applications that business owners use to operate various aspects of their business online. Further, it provides a range of complementary services, including App Market that offers its registered users the ability to install and uninstall a range of free and paid web applications; Wix Arena, an online marketplace that brings users seeking help in creating and managing a website, together with Web experts; and Wix App, a native mobile application, which enables users to manage their Websites and Wix operating systems. As of December 31, 2019, the company had approximately 165 million registered users and 4.5 million premium subscriptions. The company was formerly known as Wixpress Ltd. Wix.com Ltd. was founded in 2006 and is headquartered in Tel Aviv, Israel.
IPO Year: 2013
Exchange: NASDAQ
Website: wix.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
9/5/2024 | $200.00 | Overweight | Cantor Fitzgerald |
7/25/2024 | Sector Weight | KeyBanc Capital Markets | |
5/21/2024 | $160.00 → $190.00 | Buy | Needham |
5/21/2024 | $160.00 → $200.00 | Outperform | Oppenheimer |
5/21/2024 | $165.00 → $184.00 | Overweight → Neutral | Piper Sandler |
3/27/2024 | $160.00 | Outperform | Raymond James |
12/8/2023 | $126.00 | Buy | BofA Securities |
11/15/2023 | $105.00 → $130.00 | Equal Weight → Overweight | Barclays |
10/24/2023 | $103.00 | Buy | Seaport Research Partners |
10/20/2023 | $120.00 | Buy | UBS |
Partners can earn revenue share from day one when creating on Wix Studio, further enriching the financial advantages of the Wix Partner Program NEW YORK, Jan. 10, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ:WIX), the leading SaaS website builder platform to create, manage, and grow a global, digital presence1, today announced a new revenue sharing plan for Partners creating on Wix Studio, the ultimate creation platform built for agencies and freelancers. The new revenue share plan is part of the exclusive Wix Partner Program which is a loyalty-based program with benefits such as priority support, a Partner success manager, eligibility to join the Wix Marketplace, advanced features, and collabo
Gavin Patterson, previously of Salesforce and Francesco de Mojana, previously of Permira, to join Wix's Board of Directors NEW YORK, March 8, 2023 /PRNewswire/ -- Wix (NASDAQ:WIX), today announced changes to its Board of Directors. The announced changes are part of Wix's track record of regularly refreshing and enhancing its board to closely align with the changing operating environment as well as its current strategic objectives, balancing stability and expertise with change and adaptability. Additionally, these changes support Wix's continued transition to a new phase of value creation focused on product-led growth with sustained profitability and a commitment to achieving "Rule of 40" in
Sportradar, a leading global provider of sports betting and sports entertainment products and services, today announced that Deirdre M. Bigley has been appointed to the Sportradar Holding AG ("Global") Board of Directors, effective immediately. Deirdre Bigley has been Chief Marketing Officer of Bloomberg, the world's primary distributor of financial data, since 2014. Bigley has been responsible for designing and launching the first global marketing department at Bloomberg and building marketing strategies for all business units across the company. Bigley joined Bloomberg in 2009 as the Global Leader of Marketing Communications. Prior to her career at Bloomberg, Bigley held numerous leaders
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Wix.com Ltd. (NASDAQ:WIX) ("Wix," the "Company," "we" or "our"), today announced that its Board of Directors (the "Board") authorized a program to repurchase the Company's securities (ordinary shares and/or convertible notes), in an amount up to $200 million.This repurchase program, in addition to the more than $1 billion of aggregate share repurchases executed by the Company since 2021, demonstrates the Board's continued confidence in the Company's ability to drive strong cash flow generation and ongoing commitment to increasing shareholder value.
Leveraging Wix's powerful AI, users can create a fully designed, business-ready website within minutes in their preferred languageNEW YORK, June 10, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ:WIX), the leading SaaS website builder platform globally1, today announced its AI Website Builder is now available in different languages, giving users the ability to create websites in their preferred language. Wix users around the world can experience site creation like never before with AI.
B of A Securities analyst Michael McGovern maintains Wix.com (NASDAQ:WIX) with a Buy and raises the price target from $153 to $183.
JP Morgan analyst Alexei Gogolev maintains Wix.com (NASDAQ:WIX) with a Neutral and raises the price target from $148 to $195.
Citigroup analyst Ronald Josey maintains Wix.com (NASDAQ:WIX) with a Buy and raises the price target from $175 to $202.
UBS analyst Chris Zhang maintains Wix.com (NASDAQ:WIX) with a Buy and raises the price target from $160 to $200.
Morgan Stanley analyst Elizabeth Porter maintains Wix.com (NASDAQ:WIX) with a Equal-Weight and raises the price target from $143 to $187.
Barclays analyst Trevor Young maintains Wix.com (NASDAQ:WIX) with a Overweight and raises the price target from $160 to $184.
Usercentrics, data privacy solutions leader managing over 5.2 billion monthly consents across platforms, partners with Wix, Wix.com Ltd. (NASDAQ:WIX), the leading SaaS website builder platform to create, manage, and grow a global, digital presence to announce the launch of Cookiebot™ for Wix by Usercentrics.Cookiebot™ for Wix by Usercentrics is a plug-and-play solution that simplifies consent management implementation for website owners, enabling them to safeguard privacy compliance with regulations like the GDPR.
B. Riley Securities analyst Naved Khan maintains Wix.com (NASDAQ:WIX) with a Buy and raises the price target from $154 to $180.
NEW YORK, Aug. 20, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ:WIX), today announced that Wix management will participate in a fireside chat at Citi's 2024 Global Technology Conference on Wednesday, September 4, 2024 at 10:00 AM ET. The event will be available via live audio webcast and archived replay on Wix's investor relations website: https://investors.wix.com. About Wix.com Ltd.Wix is the leading SaaS website builder platform globally1 to create, manage and grow a digital presence. What began as a website builder in 2006 is now a complete platform providing users with enter
With the launch of Moneris Total Commerce, businesses will be able to serve their customers in-store and online through an omnichannel business solution. TORONTO, Aug. 12, 2024 /CNW/ - Moneris Solutions Corporation ("Moneris"), a Canadian leader in innovative solutions for mobile, online, and in-store commerce, has partnered with Wix.com Ltd. (NASDAQ:WIX), the leading global SaaS platform to create, manage, and grow an online presence1, to introduce Moneris Total Commerce, an omnichannel point of sale solution. Moneris' partnership with Wix is built on a commitment to deliver
Accelerated bookings growth, driven by key product initiatives, and FCF margin expansion in Q2 builds momentum for 2H Meaningful bookings growth acceleration with total bookings of $458.4 million, up 15% y/y, as a result of strong Wix Studio uptake, benefits from growing AI capabilities and commerce platform expansion as well as positive response to the price increase implemented earlier this yearBookings growth accelerated across both Self Creators and PartnersContinue to expect bookings growth acceleration to 16% y/y in 2H at the high end of full year guidance rangeTotal revenue of $435.7 million exceeded expectations, up 12% y/y, driven by strong Partners growth of 29% y/yRecord take rate
Wix becomes the first reseller of Gemini for Workspace, enhancing productivity with Generative AI solutions NEW YORK, Aug. 5, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ:WIX), the leading SaaS website builder platform globally1, today announced it has expanded its strategic partnership with Google to offer Wix users Gemini for Workspace, which enables Wix users to leverage the most advanced generative AI solution across Google Workspace. Gemini for Workspace is designed to streamline workflows, enhance creativity, and boost efficiency. Google Gemini is a cutting-edge, collaborat
The suite of the new AI functionalities for the blog is designed to provide users with simple solutions to create blogs and build their content library NEW YORK, July 31, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ:WIX), the leading SaaS website builder platform globally1, announced today the release of a suite of AI-powered tools designed to suggest relevant topic ideas for blogs, generate the content and images for their target audience. With this new experience, users can swiftly turn ideas into near-ready articles, significantly reducing the time and effort required to create engaging content.
NEW YORK, July 17, 2024 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX), today announced that it will report its results for the second quarter ended June 30, 2024 before the market opens on Wednesday, August 7, 2024. Management will host a conference call and webcast that morning at 8:30 a.m. ET to answer questions about the Company's financial results. Prior to the conference call and webcast, Wix will issue a press release reporting these results along with a shareholder update and additional materials at https://investors.wix.com/. What: Wix Second Quarter 2024 Results Conferen
NEW YORK, July 10, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ:WIX) ("Wix," the "Company," "we" or "our"), today announced that its Board of Directors (the "Board") authorized a program to repurchase the Company's securities (ordinary shares and/or convertible notes), in an amount up to $200 million. This repurchase program, in addition to the more than $1 billion of aggregate share repurchases executed by the Company since 2021, demonstrates the Board's continued confidence in the Company's ability to drive strong cash flow generation and ongoing commitment to increasing shareh
The new features unlock the potential for a smoother development process, new levels of extensibility, and more opportunities to generate revenue in the Wix App Market NEW YORK, July 1, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ:WIX), the leading SaaS website builder platform to create, manage, and grow a global, digital presence1, announced new features for developers to build applications more efficiently, enriching the Wix ecosystem and providing more monetization opportunities. The announcements were made at Wix's annual Developers' Conference, DevStudio Con, held in Bangalore, India this year.
Transform imported designs into a powerful, responsive website using Wix Studio's no-code animations, robust CMS, native business solutions, AI tools, and more NEW YORK, June 24, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ:WIX), the leading SaaS website builder platform globally1, announced today the launch of the Figma to Wix Studio plugin. that allows professionals to seamlessly export their Figma designs into the Wix Studio platform to create dynamic web experiences. Leveraging Wix Studio's built-in, robust native business solutions, AI and agency tools, designers, agencies and professionals can save valuable time and resources in the creation process.
Leveraging Wix's powerful AI, users can create a fully designed, business-ready website within minutes in their preferred language NEW YORK, June 10, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ:WIX), the leading SaaS website builder platform globally1, today announced its AI Website Builder is now available in different languages, giving users the ability to create websites in their preferred language. Wix users around the world can experience site creation like never before with AI. With the AI Website Builder, users are guided through a conversational AI chat experience where
Cantor Fitzgerald initiated coverage of Wix.com with a rating of Overweight and set a new price target of $200.00
KeyBanc Capital Markets resumed coverage of Wix.com with a rating of Sector Weight
Needham reiterated coverage of Wix.com with a rating of Buy and set a new price target of $190.00 from $160.00 previously
Oppenheimer reiterated coverage of Wix.com with a rating of Outperform and set a new price target of $200.00 from $160.00 previously
Piper Sandler downgraded Wix.com from Overweight to Neutral and set a new price target of $184.00 from $165.00 previously
Raymond James resumed coverage of Wix.com with a rating of Outperform and set a new price target of $160.00
BofA Securities resumed coverage of Wix.com with a rating of Buy and set a new price target of $126.00
Barclays upgraded Wix.com from Equal Weight to Overweight and set a new price target of $130.00 from $105.00 previously
Seaport Research Partners initiated coverage of Wix.com with a rating of Buy and set a new price target of $103.00
UBS resumed coverage of Wix.com with a rating of Buy and set a new price target of $120.00
Accelerated bookings growth, driven by key product initiatives, and FCF margin expansion in Q2 builds momentum for 2H Meaningful bookings growth acceleration with total bookings of $458.4 million, up 15% y/y, as a result of strong Wix Studio uptake, benefits from growing AI capabilities and commerce platform expansion as well as positive response to the price increase implemented earlier this yearBookings growth accelerated across both Self Creators and PartnersContinue to expect bookings growth acceleration to 16% y/y in 2H at the high end of full year guidance rangeTotal revenue of $435.7 million exceeded expectations, up 12% y/y, driven by strong Partners growth of 29% y/yRecord take rate
NEW YORK, July 17, 2024 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX), today announced that it will report its results for the second quarter ended June 30, 2024 before the market opens on Wednesday, August 7, 2024. Management will host a conference call and webcast that morning at 8:30 a.m. ET to answer questions about the Company's financial results. Prior to the conference call and webcast, Wix will issue a press release reporting these results along with a shareholder update and additional materials at https://investors.wix.com/. What: Wix Second Quarter 2024 Results Conferen
Record increase to FCF outlook driven by Q1 outperformance and expected 2H bookings acceleration – now anticipating 26% FCF margin in FY2024, one year ahead of plan and within clear sight of hitting Rule of 40 milestone already this year Strong start to year with total bookings of $457.3 million, up 10% y/y driven by reacceleration of Creative Subscriptions growthTotal revenue of $419.8 million exceeded expectations, up 12% y/y driven by continued momentum in the Partners business – reflecting market share gains and stronger than anticipated Wix Studio uptakeRobust top-line growth coupled with stable optimized cost structure drove record FCF1 margin of 26% in the most recent quarterGAAP oper
NEW YORK, April 29, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ:WIX), today announced that it will report its results for the first quarter ended March 31, 2024 before the market opens on Monday, May 20, 2024. Management will host a conference call and webcast that morning at 8:30 a.m. ET to answer questions about the Company's financial results. Prior to the conference call and webcast, Wix will issue a press release reporting these results along with a shareholder update and additional materials at https://investors.wix.com/. What: Wix First Quarter 2024 Results Conference Cal
Outperformance of 2023 targets as well as anticipated acceleration of top-line growth and overachievement of 2024 targets in three-year plan underpin expectation to significantly surpass the Rule of 40 in 2025 Capped off a year of strong growth with total revenue of $404 million in the fourth quarter, up 14% y/y driven by continued growth acceleration in the Partners businessPartners1 revenue totaled $130.1 million in Q4, up 38% y/y, as more Partners joined Wix, monetization continued to increase and Studio uptake exceeded expectationsRobust growth paired with solid operating leverage drove Wix to outperform the 2023 targets outlined in three-year planAchieved positive full year GAAP net inc
NEW YORK, Jan. 31, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ:WIX), today announced that it will report its results for the fourth quarter and full year ended December 31, 2023 before the market opens on Wednesday, February 21, 2024. Management will host a conference call and webcast that morning at 8:30 a.m. ET to answer questions about the Company's financial results. Prior to the conference call and webcast, Wix will issue a press release reporting these results along with a shareholder update and additional materials at https://investors.wix.com/. What: Wix Fourth Quarter 2
Outperformance continued in the second quarter with total revenue of $390.0 million exceeding expectations, up 13% y/y as Creative Subscriptions and Business Solutions revenue growth accelerated for third consecutive quarterGrowing number of Partners1 building on Wix and higher usage of Wix for projects with improved monetization driving growth acceleration of Partners revenue to $115.2 million, up 36% y/yBenefits from operational efficiencies completed over the past year across the organization drove continued profitability improvements, resulting in higher than expected FCF2 margin of 13% and leading to expected acceleration of FCF margin in 2H23Total non-GAAP gross profit up 23% y/y leadi
Wix will release second quarter 2023 results on August 3, 2023 NEW YORK, July 18, 2023 /PRNewswire/ -- Wix.com Ltd. (NASDAQ:WIX), today announced that it will host a two-part virtual Analyst & Investor Day, consisting of prepared management presentations on Wednesday, August 9, 2023 and a live Q&A event on Thursday, August 10, 2023. Additionally, Wix will report its results for the second quarter ended June 30, 2023 on Thursday, August 3, 2023. During the virtual Analyst & Investor Day, Wix's management team and other business leaders will present Wix's newest product releases
Strong profitable start to the year with total revenue of $374.1 million in the first quarter exceeding expectations, up 10% y/y, marked by acceleration in Creative Subscriptions revenue growth, up 9% y/y and continued strong growth in Business Solutions revenue, up 11% y/yIntensified focus on driving efficiencies and discipline across operating cost structure resulted in stronger than expected FCF1 generation and FCF margin of 12%Non-GAAP gross margin increased to 67% with non-GAAP Creative Subscriptions gross margin of 80% – both targets we had anticipated achieving later in the yearHighest quarterly non-GAAP operating income in Wix history, driven by 24% y/y decrease in non-GAAP operating
NEW YORK, April 26, 2023 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX), today released registration information for Wix's conference call discussing the results for the first quarter ended March 31, 2023 before the market opens on Wednesday, May 17, 2023. Management will host a conference call and webcast that morning at 8:30 a.m. ET to answer questions about the Company's financial results. Prior to the conference call and webcast, Wix will issue a press release reporting these results along with a shareholder update and additional materials at https://investors.wix.com/. What:
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