Wix.com (NASDAQ:WIX) Lowered to “Neutral” Rating by Robert W. Baird

Robert W. Baird downgraded shares of Wix.com (NASDAQ:WIX) from an outperform rating to a neutral rating in a research note published on Monday morning, Marketbeat Ratings reports. Robert W. Baird currently has $90.00 price objective on the information services provider’s stock, down from their prior price objective of $115.00.

Other research analysts also recently issued research reports about the stock. Needham & Company LLC dropped their price objective on shares of Wix.com from $140.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, March 5th. UBS Group reiterated a “buy” rating and issued a $145.00 target price on shares of Wix.com in a research report on Friday. Citigroup dropped their price target on Wix.com from $150.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Wall Street Zen cut Wix.com from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Weiss Ratings downgraded Wix.com from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Wix.com has an average rating of “Moderate Buy” and a consensus price target of $140.50.

Wix.com Stock Performance

WIX stock opened at $92.00 on Monday. The company’s fifty day moving average price is $82.77 and its 200-day moving average price is $115.36. Wix.com has a one year low of $60.22 and a one year high of $191.24. The company has a market capitalization of $5.36 billion, a PE ratio of 113.58, a price-to-earnings-growth ratio of 2.02 and a beta of 1.40.

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

Wix.com announced that its board has authorized a stock buyback plan on Wednesday, January 28th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the information services provider to buy up to 40.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Corient Private Wealth LLC raised its position in Wix.com by 43.5% during the 4th quarter. Corient Private Wealth LLC now owns 6,548 shares of the information services provider’s stock valued at $680,000 after purchasing an additional 1,985 shares in the last quarter. Avory & Company LLC bought a new position in shares of Wix.com during the 4th quarter worth $359,000. Alberta Investment Management Corp bought a new position in shares of Wix.com during the 4th quarter worth $1,039,000. Mackenzie Financial Corp increased its stake in shares of Wix.com by 61.2% during the fourth quarter. Mackenzie Financial Corp now owns 16,773 shares of the information services provider’s stock valued at $1,731,000 after buying an additional 6,366 shares during the period. Finally, Sphera Management Technology Funds Ltd increased its stake in shares of Wix.com by 92.3% during the fourth quarter. Sphera Management Technology Funds Ltd now owns 25,000 shares of the information services provider’s stock valued at $2,597,000 after buying an additional 12,000 shares during the period. 81.52% of the stock is currently owned by hedge funds and other institutional investors.

More Wix.com News

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

• Positive Sentiment: Cantor Fitzgerald reiterates bullish stance and remains constructive on Wix after the company’s recent results, supporting the view that fundamentals (revenue growth) are intact. Cantor Fitzgerald remains bullish on Wix.com (WIX)
• Positive Sentiment: Wix reported strong underlying metrics recently (including ~15% Q4 bookings growth) and announced an aggressive plan to mostly finish its $2B buyback this year — key catalysts that drove the stock’s rally earlier in March. Wix.com (WIX) Registers 15% Growth in Q4 Bookings
• Positive Sentiment: Coverage noting a 33% weekly jump on revenue growth and the buyback underscores momentum and investor interest stemming from the company’s recent financials and capital return plan. Wix.com (WIX) Climbs 33% on Revenue Growth, Aggressive Buyback
• Neutral Sentiment: Brokerage consensus remains mixed-to-positive — one aggregator shows an average rating around “Moderate Buy,” indicating some continued analyst support even as opinions diverge. Wix.com Ltd. (NASDAQ:WIX) Given Average Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: Coverage explains February’s sharp pullback was driven by AI-disruption fears; the subsequent rebound in March is attributed to a stronger-than-feared earnings report — this context helps explain volatility but is not a clear directional catalyst. Why Wix.com Stock Fell 18.9% In February Before Soaring To Start March
• Negative Sentiment: Robert W. Baird downgraded Wix from Outperform to Neutral and cut its price target to $90 (from $115), citing valuation after the recent rally — that downgrade is a near-term headwind and likely the primary driver of today’s pullback. Baird cuts Wix.com stock rating on valuation after recent rally
• Negative Sentiment: Wall Street Zen also lowered its rating recently, adding to the selling pressure from downgrades and signaling lingering analyst concern about valuation and/or near-term growth risk. Wix.com (NASDAQ:WIX) Stock Rating Lowered by Wall Street Zen

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.