Wix.com (NASDAQ:WIX) Stock Gets Price Target Cut from JPMorgan Chase & Co.

Wix.com (NASDAQ:WIX) had its price target decreased by JPMorgan Chase & Co. from $62.00 to $59.00 in a research note released on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the information services provider’s stock.

WIX has been the subject of a number of other research reports. Cantor Fitzgerald raised their price objective on shares of Wix.com from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, October 19th. Royal Bank Of Canada increased their target price on Wix.com from $45.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. Wells Fargo & Company boosted their target price on Wix.com from $46.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Morgan Stanley lowered shares of Wix.com from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $112.00 to $60.00 in a report on Tuesday, July 21st. Finally, Citigroup reissued a “neutral” rating on shares of Wix.com in a report on Wednesday, August 12th. Ten analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Wix.com currently has an average rating of “Hold” and a consensus target price of $89.52.

Wix.com Price Performance

Wix.com stock opened at $65.90 on Tuesday. The firm has a 50 day simple moving average of $76.07 and a 200-day simple moving average of $70.10. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of -17.12, a price-to-earnings-growth ratio of 45.22 and a beta of 1.06. Wix.com has a 1-year low of $40.16 and a 1-year high of $134.09.

Wix.com (NASDAQ:WIX) last announced its earnings results on Tuesday, November 10th. The information services provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.02. The company had revenue of $570.17 million during the quarter, compared to analysts’ expectations of $566.27 million. Wix.com had a negative return on equity of 1.61% and a negative net margin of 8.54%. Wix.com’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period last year, the business posted $1.80 EPS. Equities analysts expect that Wix.com will post 0.24 earnings per share for the current fiscal year.

Insider Activity at Wix.com

In related news, insider Shelly B. Meyer sold 479 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $95.00, for a total value of $45,505.00. Following the sale, the insider directly owned 183,010 shares of the company’s stock, valued at approximately $17,385,950. The trade was a 0.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Lior Shemesh bought 456 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was purchased at an average cost of $59.89 per share, for a total transaction of $27,309.84. Following the completion of the acquisition, the chief financial officer owned 221,567 shares in the company, valued at $13,269,647.63. This trade represents a 0.21% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 2,622 shares of company stock worth $157,032 over the last 90 days. Insiders own 6.20% of the company’s stock.

Institutional Trading of Wix.com

Several institutional investors and hedge funds have recently modified their holdings of WIX. Farther Finance Advisors LLC lifted its position in shares of Wix.com by 74.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the information services provider’s stock worth $30,000 after buying an additional 177 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Wix.com by 1.6% in the third quarter. Quadrant Capital Group LLC now owns 12,882 shares of the information services provider’s stock worth $924,000 after buying an additional 198 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Wix.com by 537.6% during the third quarter. Versant Capital Management Inc now owns 542 shares of the information services provider’s stock worth $39,000 after purchasing an additional 457 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in Wix.com in the third quarter worth $53,000. Finally, Sei Investments Co. boosted its stake in Wix.com by 0.8% in the first quarter. Sei Investments Co. now owns 167,565 shares of the information services provider’s stock worth $15,092,000 after buying an additional 1,259 shares in the last quarter. 81.52% of the stock is owned by hedge funds and other institutional investors.

Recent Wix.com Headlines

Investors following WIX have been watching these headlines:

• Positive Sentiment: Wix beat Q3 earnings and revenue estimates, with revenue up 12.9% year over year. Analysts also highlighted stronger growth and improving margins. Wix: Stronger Growth, Better Margins, Same Discount
• Neutral Sentiment: Analyst price-target revisions were mixed: Morgan Stanley raised its target, while Citigroup, RBC, Wells Fargo and Cantor Fitzgerald lowered theirs. Most maintained neutral or equivalent ratings, reflecting uncertainty about the balance between AI-led growth and core business trends. Morgan Stanley price-target update
• Negative Sentiment: Bank of America downgraded Wix, warning that AI-related gains could be masking a slowdown among partners. Commentary also flags slower core sales, raising questions about whether AI growth can offset softer performance in Wix’s established channels. BofA downgrades Wix as AI gains mask partner slowdown Can Wix Stay Reasonable as Base44 Growth Meets Slower Core Sales?

About Wix.com

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.