Needham & Company LLC Cuts Wix.com (NASDAQ:WIX) Price Target to $115.00

Wix.com (NASDAQ:WIX) had its price target trimmed by Needham & Company LLC from $140.00 to $115.00 in a report issued on Thursday morning,Benzinga reports. They currently have a buy rating on the information services provider’s stock.

Several other equities research analysts have also recently weighed in on WIX. Oppenheimer reduced their target price on shares of Wix.com from $160.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, February 2nd. Evercore reduced their price objective on Wix.com from $250.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Cantor Fitzgerald lifted their price objective on Wix.com from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, December 11th. Wall Street Zen upgraded Wix.com from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Finally, Morgan Stanley cut their target price on Wix.com from $181.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $145.50.

Wix.com Trading Up 1.0%

Shares of WIX stock opened at $93.89 on Thursday. The firm has a market capitalization of $5.27 billion, a P/E ratio of 115.91, a price-to-earnings-growth ratio of 2.60 and a beta of 1.39. Wix.com has a 1 year low of $60.22 and a 1 year high of $191.24. The firm’s fifty day simple moving average is $83.03 and its 200 day simple moving average is $115.68.

Wix.com (NASDAQ:WIX) last issued its quarterly earnings results on Wednesday, March 4th. The information services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.45. The firm had revenue of $524.27 million during the quarter, compared to the consensus estimate of $527.69 million. Wix.com had a net margin of 2.54% and a negative return on equity of 70.04%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.10 EPS. Equities research analysts anticipate that Wix.com will post 3.65 EPS for the current fiscal year.

Wix.com declared that its Board of Directors has approved a share repurchase program on Wednesday, January 28th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the information services provider to buy up to 40.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Wix.com

A number of hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its position in shares of Wix.com by 122.2% during the 4th quarter. Farther Finance Advisors LLC now owns 240 shares of the information services provider’s stock worth $25,000 after buying an additional 132 shares during the period. Westside Investment Management Inc. raised its stake in Wix.com by 100.0% during the third quarter. Westside Investment Management Inc. now owns 154 shares of the information services provider’s stock worth $27,000 after acquiring an additional 77 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in Wix.com during the fourth quarter worth $27,000. Geneos Wealth Management Inc. lifted its holdings in shares of Wix.com by 632.4% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock valued at $41,000 after acquiring an additional 215 shares during the period. Finally, Employees Retirement System of Texas lifted 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 during the period. 81.52% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Wix.com

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

• Positive Sentiment: Wix announced a modified Dutch‑auction tender offer to repurchase up to $1.75 billion of its ordinary shares at $80–$92 per share; the buyback reduces float and creates immediate buying demand, which explains much of the intraday upside. GlobeNewswire Release
• Neutral Sentiment: Q4 results were mixed: Wix beat on EPS ($1.81 vs. $1.36 est.) but revenue was roughly in line / slightly under consensus and margins remain thin; management highlighted AI initiatives, recent M&A and product launches as growth drivers — these items support longer‑term conviction but are partly priced in. Earnings Highlights
• Negative Sentiment: Multiple brokerages trimmed price targets today (Citigroup 150→105, Wells Fargo 176→137, RBC 155→112, Barclays 205→160, Scotiabank 175→125, Needham 140→115). While most maintain Buy/Overweight/Outperform ratings, the cuts signal more cautious near‑term expectations and may limit upside despite the buyback. Benzinga coverage

Wix.com Company Profile

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.