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

Wix.com (NASDAQ:WIX) had its target price reduced by equities research analysts at Needham & Company LLC from $140.00 to $115.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the information services provider’s stock. Needham & Company LLC’s target price suggests a potential upside of 22.48% from the stock’s current price.

Several other analysts also recently issued reports on WIX. Weiss Ratings reiterated a “hold (c)” rating on shares of Wix.com in a research note on Wednesday, January 21st. Citizens Jmp cut their price objective on Wix.com from $185.00 to $125.00 and set a “market outperform” rating on the stock in a research note on Thursday, January 22nd. Barclays decreased their target price on Wix.com from $210.00 to $205.00 and set an “overweight” rating for the company in a research report on Wednesday, January 21st. Wall Street Zen upgraded Wix.com from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Finally, Scotiabank dropped their price target on shares of Wix.com from $255.00 to $175.00 and set a “sector outperform” rating on the stock in a research report on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Wix.com has a consensus rating of “Moderate Buy” and a consensus target price of $145.50.

Wix.com Trading Up 1.0%

WIX stock opened at $93.89 on Thursday. Wix.com has a 1 year low of $60.22 and a 1 year high of $191.24. The company has a fifty day simple moving average of $83.03 and a 200 day simple moving average of $115.76. The firm has a market cap of $5.27 billion, a PE ratio of 115.91, a PEG ratio of 2.57 and a beta of 1.39.

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

Wix.com declared that its board has authorized a stock 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 reacquire up to 40.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Institutional Trading of Wix.com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its position in Wix.com by 122.2% in 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. boosted its position in shares of Wix.com by 100.0% in the third quarter. Westside Investment Management Inc. now owns 154 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 77 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of Wix.com in the fourth quarter worth $27,000. Geneos Wealth Management Inc. grew its stake in shares of Wix.com by 632.4% in the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock worth $41,000 after acquiring an additional 215 shares during the last quarter. Finally, Employees Retirement System of Texas increased its position in 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 worth $46,000 after acquiring an additional 252 shares during the period. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wix.com News Roundup

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

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.