<div id="readability-page-1"><p><span>Wix.com (NASDAQ:WIX - Get Free Report)</span> was downgraded by equities research analysts at JPMorgan Chase &amp; Co. from a &#34;neutral&#34; rating to an &#34;underweight&#34; rating in a note issued to investors on Friday. They currently have a $91.00 price objective on the information services provider's stock. JPMorgan Chase &amp; Co.'s price objective indicates a potential upside of 1.66% from the company's previous close.</p><ul><li>MarketBeat Week in Review – 05/26 - 05/30</li></ul><p>A number of other research analysts have also issued reports on the company. Jefferies Financial Group lowered their target price on Wix.com from $200.00 to $130.00 and set a &#34;buy&#34; rating on the stock in a report on Monday, February 23rd. UBS Group  reissued a &#34;buy&#34; rating and issued a $145.00 price target on shares of Wix.com in a report on Friday, March 6th. Oppenheimer reduced their price objective on shares of Wix.com from $160.00 to $130.00 and set an &#34;outperform&#34; rating for the company in a research report on Monday, February 2nd. Scotiabank lowered their price objective on shares of Wix.com from $175.00 to $125.00 and set a &#34;sector outperform&#34; rating on the stock in a research note on Thursday, March 5th. Finally, Barclays dropped their target price on shares of Wix.com from $205.00 to $160.00 and set an &#34;overweight&#34; rating on the stock in a report on Thursday, March 5th. One analyst  has rated the stock with a Strong Buy rating, sixteen have assigned  a Buy rating, three have issued  a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Wix.com presently has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $131.15.</p><p><b>View Our Latest Stock Analysis on WIX</b></p><h2>Wix.com Price Performance</h2><ul><li>3 Reasons Wix Could Rally 50% Into the Summer</li></ul><p>WIX opened at $89.51 on Friday. The business has a 50 day moving average price of $80.67 and a two-hundred day moving average price of $111.13. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 110.51, a price-to-earnings-growth ratio of 2.92 and a beta of 1.39. Wix.com has a 1-year low of $60.22 and a 1-year high of $191.24. </p><p>Wix.com (NASDAQ:WIX - Get Free Report) last issued its quarterly earnings results on Wednesday, March 4th. The information services provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.45. Wix.com had a negative return on equity of 70.04% and a net margin of 2.54%.The company had revenue of $524.27 million for the quarter, compared to analysts' expectations of $527.69 million. During the same period last year, the firm earned $2.10 EPS. The firm's revenue for the quarter was up 13.9% on a year-over-year basis.  Equities analysts expect that  Wix.com will post 3.65 EPS for the current fiscal year. </p><ul><li>Why Block's Key Components Make It a Solid Investment Choice</li></ul><p>Wix.com declared that its board has authorized a share buyback plan on Wednesday, January 28th that authorizes the company to repurchase $2.00 billion in    shares. This repurchase authorization authorizes the information services provider to buy up to 40.5% of its stock  through open market purchases. Stock  repurchase plans are often a sign that the company's leadership believes its stock is undervalued. </p><h2>Institutional Trading of Wix.com</h2><p>Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its holdings in shares of  Wix.com by 128.3% in the third quarter. Ameriprise Financial Inc. now owns 4,637,795 shares of the information services provider's stock worth $823,813,000 after buying an additional 2,606,204 shares during the period.  Wellington Management Group LLP raised its holdings in shares of  Wix.com by 90.4% during the third quarter. Wellington Management Group LLP now owns 3,390,589 shares of the information services provider's stock valued at $602,270,000 after acquiring an additional 1,609,989 shares during the period.  Senvest Management LLC lifted its position in shares of  Wix.com by 20.9% in the 4th quarter. Senvest Management LLC now owns 3,008,480 shares of the information services provider's stock valued at $312,551,000 after acquiring an additional 519,805 shares in the last quarter.  Lone Pine Capital LLC purchased a new stake in shares of  Wix.com in the 2nd quarter valued at approximately $342,485,000.  Finally, Dorsal Capital Management LP boosted its stake in  Wix.com by 50.0% in the 3rd quarter. Dorsal Capital Management LP now owns 1,575,000 shares of the information services provider's stock worth $279,767,000 after purchasing an additional 525,000 shares during the period. Institutional investors and hedge funds own  81.52% of the company's stock. </p><h2>About Wix.com</h2> (Get Free Report)<p>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.  </p><p>Beyond its core website builder, Wix offers a suite of complementary services designed to support digital growth and marketing.</p><h2>See Also</h2><ul><li>Five stocks we like better than Wix.com</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9V0lY?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9V0lY"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Wix.com Right Now?</h2><p>Before you consider Wix.com, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wix.com wasn't on the list.</p><p>While Wix.com currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>JPMorgan Chase & Co. downgraded Wix.com from a "neutral" to an "underweight" rating, setting a price target of $91.00. This indicates a potential upside of 1.66% from the previous close. Other analysts have varied opinions, with Jefferies lowering their target to $130.00 and UBS maintaining a buy rating at $145.00. Wix.com has a consensus rating of "Moderate Buy" with a target of $131.15. The company reported $1.81 EPS, beating estimates, but revenue fell short of expectations. Institutional investors hold 81.52% of the stock.</p>

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Wix.com (NASDAQ:WIX) Lowered to "Underweight" Rating by JPMorgan Chase & Co.