Wix.com (NASDAQ:WIX) Shares Up 14.6% After Earnings Beat

Shares of Wix.com Ltd. (NASDAQ:WIX) shot up 14.6% on Tuesday following a stronger than expected earnings report. The company traded as high as $63.69 and last traded at $65.1640. 1,261,068 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 2,242,680 shares. The stock had previously closed at $56.84.

The information services provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.13 by $0.26. The business had revenue of $563.06 million for the quarter, compared to analysts’ expectations of $552.56 million. Wix.com had a negative net margin of 1.97% and a negative return on equity of 33.28%. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.28 earnings per share.

Wix.com News Summary

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

• Positive Sentiment: Q2 results exceeded expectations. Wix reported adjusted earnings of $1.39 per share versus the $1.13 consensus estimate, while revenue rose 14.9% year over year to $563.1 million, ahead of the $552.6 million forecast. Wix Reports Second Quarter 2026 Results
• Positive Sentiment: Base44 supported growth. Coverage highlighted strong momentum from Base44, Wix’s AI-focused offering, as a key contributor to the revenue performance and the company’s broader expansion strategy. WIX Q2 Earnings Beat Expectations
• Positive Sentiment: Full-year expectations were maintained. Wix reiterated its fiscal 2026 outlook and provided third-quarter guidance, reducing the risk of an immediate forecast reset after the earnings release. Wix rises after Q2 beat
• Positive Sentiment: Potential SMB partnership. Wix and Thryv announced an intent to form a strategic partnership combining website solutions, unified commerce and payments for small and midsize businesses, potentially broadening Wix’s distribution and monetization opportunities. Thryv and Wix Strategic Partnership
• Neutral Sentiment: AI investment is both an opportunity and a cost. Heavier spending on AI development, computing and marketing is pressuring margins. Although it is helping Base44 growth, investors will watch whether the investment produces sustainable profits.
• Negative Sentiment: Shareholder litigation adds uncertainty. Multiple law firms publicized a securities class action covering investors who purchased WIX shares from February 19, 2025, through May 12, 2026. The allegations center on claims that Wix overstated the competitiveness and financial potential of its AI products while understating rising costs. The reports are largely solicitations for potential plaintiffs, but they add reputational, legal and financial risk. WIX Shareholder Alert
• Negative Sentiment: Profitability remains weak. Second-quarter EPS was below the $2.28 reported a year earlier, and Wix continues to post a negative net margin and negative return on equity, underscoring concerns about the cost of its AI transition.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WIX. Citizens Jmp downgraded shares of Wix.com from a “market outperform” rating to a “market perform” rating in a research report on Tuesday, April 7th. UBS Group dropped their price target on shares of Wix.com from $68.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 10th. Weiss Ratings cut Wix.com from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Needham & Company LLC reiterated a “buy” rating and set a $80.00 price objective on shares of Wix.com in a research report on Monday, June 15th. Finally, Barclays decreased their price objective on Wix.com from $155.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Eleven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $91.10.

Institutional Trading of Wix.com

A number of hedge funds and other institutional investors have recently made changes to their positions in WIX. Farther Finance Advisors LLC increased its holdings in shares of Wix.com by 122.2% in the fourth quarter. Farther Finance Advisors LLC now owns 240 shares of the information services provider’s stock valued at $25,000 after buying an additional 132 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of Wix.com during the 4th quarter worth $27,000. Geneos Wealth Management Inc. grew its holdings in shares of Wix.com by 632.4% in the 1st 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. Employees Retirement System of Texas raised its position 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 worth $46,000 after purchasing an additional 252 shares during the period. Finally, Banque Cantonale Vaudoise raised its holdings in Wix.com by 464.8% during the 4th quarter. Banque Cantonale Vaudoise now owns 497 shares of the information services provider’s stock worth $52,000 after buying an additional 409 shares during the period. 81.52% of the stock is currently owned by institutional investors.

Wix.com Stock Up 14.7%

The business’s 50 day simple moving average is $50.12 and its 200 day simple moving average is $67.44. The company has a market capitalization of $3.80 billion, a PE ratio of -83.22 and a beta of 0.90.

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.