Wix Announces Board Authorization Of $200M Share Repurchase Program

7/10/24 9:08:27 AM ET

Computer Software: Programming Data Processing

Technology

Get the next $WIX alert in real time by email

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.

Get the next $WIX alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$WIX

Date	Price Target	Rating	Analyst
9/23/2024	$184.00 → $200.00	Neutral → Overweight	Piper Sandler
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

More analyst ratings

$WIX
Financials

Live finance-specific insights

Wix Reports Third Quarter 2024 Results
Strong performance of key product initiatives drove third consecutive quarter of bookings growth acceleration – now expect to exit 2024 with y/y bookings growth of 18% Continued meaningful growth acceleration with total bookings of $449.8 million in the quarter, up 16% y/y, driven by Studio momentum, AI benefits, robust commerce activity and healthy business fundamentalsStrengthening tailwinds from key AI innovations – notably, tests demonstrate a 13% conversion uplift in recent Self Creator cohort from AI-powered user onboarding toolTotal revenue grew to $444.7 million, up 13% y/y, driven by accelerating growth across both Self Creators and PartnersFCF margin expanded ~170 bps sequentially
11/20/24 1:00:00 AM ET
$WIX
Computer Software: Programming Data Processing
Technology
Wix to Announce Third Quarter 2024 Results on November 20, 2024
Wix to Announce Third Quarter 2024 Results on November 20, 2024 NEW YORK, October 30, 2024 -- Wix.com Ltd. (NASDAQ:WIX), today announced that it will report its results for the third quarter ended September 30, 2024 before the market opens on Wednesday, November 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 Third Quarter 2024 Results Conference CallWhen:Wednesday, November 20, 2024Time:8:30 a.m.
10/30/24 9:00:00 AM ET
$WIX
Computer Software: Programming Data Processing
Technology
Wix Reports Second Quarter 2024 Results
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
8/7/24 1:00:00 AM ET
$WIX
Computer Software: Programming Data Processing
Technology

Wix Transforms Revenue Sharing for Partners, Significantly Increasing Opportunities to Earn on Wix
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
1/10/24 12:00:00 PM ET
$WIX
Computer Software: Programming Data Processing
Technology
Wix Announces Changes to Board of Directors to Support New Phase of Value Creation
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
3/8/23 4:05:00 PM ET
$CRM
$WIX
Computer Software: Prepackaged Software
Technology
Computer Software: Programming Data Processing
Sportradar Appoints Deirdre Bigley to Global Board of Directors
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
4/19/21 8:15:00 AM ET
$WIX
$SSTK
Computer Software: Programming Data Processing
Technology
EDP Services

$WIX
Press Releases

Fastest customizable press release news feed in the world

Wix Reports Third Quarter 2024 Results
Strong performance of key product initiatives drove third consecutive quarter of bookings growth acceleration – now expect to exit 2024 with y/y bookings growth of 18% Continued meaningful growth acceleration with total bookings of $449.8 million in the quarter, up 16% y/y, driven by Studio momentum, AI benefits, robust commerce activity and healthy business fundamentalsStrengthening tailwinds from key AI innovations – notably, tests demonstrate a 13% conversion uplift in recent Self Creator cohort from AI-powered user onboarding toolTotal revenue grew to $444.7 million, up 13% y/y, driven by accelerating growth across both Self Creators and PartnersFCF margin expanded ~170 bps sequentially
11/20/24 1:00:00 AM ET
$WIX
Computer Software: Programming Data Processing
Technology
Wix Studio Launches New Visual Sitemap and Wireframe Generator to Streamline Website Planning and Creation Process for Agencies
The new offering generates dynamic and custom visual sitemaps and wireframe options, providing more efficient ways for agencies to plan, structure, and build their websites NEW YORK – – Wix.com Ltd. (NASDAQ:WIX), the leading SaaS website builder platform globally1, announced today the launch of its AI-powered visual sitemap and wireframe generator tool for Wix Studio. The new offering allows agencies and enterprises to accelerate site planning with a fully-native, AI-powered visual sitemap tool that can simultaneously generate custom wireframes. Agencies and web professionals can input project details, including business type, site description, goals, target audience, and tone of voice. A
11/19/24 12:00:00 PM ET
$WIX
Computer Software: Programming Data Processing
Technology
SoDA and Wix Studio Present a Special Edition of The SoDA Report On: The Role of Storytelling in Creating Modern Web Experiences
The report highlights how agencies can embrace storytelling to showcase innovation, differentiate themselves, and integrate new technologies NEW YORK, November 14, 2024 – – Wix.com Ltd. (NASDAQ:WIX), the leading SaaS website builder platform globally1, in collaboration with The Society of Digital Agencies (SoDA), a global network of digital agency founders, creative innovators and technology disruptors, today releases the latest edition of SoDA Report On series. This report delves into the evolving role of storytelling and its impact on modern web experiences, providing new insights on the latest trends, challenges, and opportunities that agencies are exploring to shape the future of
11/15/24 9:00:00 AM ET
$WIX
Computer Software: Programming Data Processing
Technology

Wix Announces Board Authorization Of $200M Share Repurchase Program

Chat with this insight

Recent Analyst Ratings for
$WIX

$WIX
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Wix.com upgraded by Piper Sandler with a new price target

Cantor Fitzgerald initiated coverage on Wix.com with a new price target

KeyBanc Capital Markets resumed coverage on Wix.com

$WIX
Financials

Live finance-specific insights

Wix Reports Third Quarter 2024 Results

Wix to Announce Third Quarter 2024 Results on November 20, 2024

Wix Reports Second Quarter 2024 Results

$WIX
Leadership Updates

Live Leadership Updates

Wix Transforms Revenue Sharing for Partners, Significantly Increasing Opportunities to Earn on Wix

Wix Announces Changes to Board of Directors to Support New Phase of Value Creation

Sportradar Appoints Deirdre Bigley to Global Board of Directors

$WIX
Press Releases

Fastest customizable press release news feed in the world

Wix Reports Third Quarter 2024 Results

Wix Studio Launches New Visual Sitemap and Wireframe Generator to Streamline Website Planning and Creation Process for Agencies

SoDA and Wix Studio Present a Special Edition of The SoDA Report On: The Role of Storytelling in Creating Modern Web Experiences

$WIX
Market Insights

Live Market Insights