Wix.com Ltd. (WIX)
Summary
Wix.com (WIX) Dips More Than Broader Market: What You Should Know
In the closing of the recent trading day, Wix.com (WIX) stood at $51.45, denoting a -2.54% move from the preceding trading day.
Wix: The Bearish AI Sentiment Is Wrong, The Valuation Is Great
Wix is rated a solid buy, as AI is seen as a tailwind rather than an existential threat. AI-driven disruption is overhyped; WIX's self-serve, low-cost model and in-house AI tools position it to benefit from evolving market dynamics. WIX's aggressive 30% stock buyback at $92 may signal management's confidence, though the current share price is around $50.
Wix's CEO runs an AI coding giant. He says the tech still gets 'too much credit.
Wix CEO Avishai Abrahami criticized the tech world's AI hype. Abrahami said he doubts AI's ability to replace jobs, citing frequent mistakes and limitations.
Wix.com Ltd. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CE Curtis Ellergodt Rothschild Investment LLC | 82 | $12,952.73 | $4,421.85 | -$8,530.88 | -65.86% |
| BE Brian Ellis Brooktree Capital Management | 48,160 | $4.48M | $2.59M | -$1.89M | -42.17% |
 George Soros Soros Fund Management LLC | 250,000 | $22.52M | $13.45M | -$9.07M | -40.27% |
 Bridgewater Associates LP Bridgewater Associates LP | 22,800 | $3.25M | $1.22M | -$2.03M | -62.36% |
 Mason G. Morfit ValueAct Holdings LP | 1.1M | $99.02M | $59.23M | -$39.79M | -40.19% |
Wix.com Ltd. Analysts
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Brad Erickson RBC Capital | 73.62 | $6,162.85 | $3,795.58 | -$2,367.27 | -38.41% |
| MM Michael McGovern B of A Securities | 3,690.53 | $226,627.23 | $191,796.68 | -$34,830.55 | -15.37% |
 Mark Zgutowicz Benchmark | 270.61 | $14,514.05 | $14,404.78 | -$109.27 | -0.75% |
 Naved Khan B. Riley Securities | 1,672.08 | $80,627.5 | $85,806.76 | $5,179.26 | 6.42% |
| EP Elizabeth Porter Morgan Stanley | 573.03 | $31,946.19 | $29,344.66 | -$2,601.53 | -8.14% |
Wix.com Ltd. (WIX) FAQ
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Wix.com Ltd. Profile
| Transportation Infrastructure Industry | Industrials Sector | Avishai Abrahami CEO | NASDAQ (NGS) Exchange | M98068105 CUSIP |
| IL Country | 4,399 Employees | - Last Dividend | - Last Split | 6 Nov 2013 IPO Date |
Overview
Wix.com Ltd., with operations spread across North America, Europe, Latin America, Asia, and other international markets, specializes in providing a cloud-based platform that empowers anyone to create websites or web applications. The company facilitates this through a broad spectrum of tools and services designed to meet the diverse needs of its users - ranging from beginners to professional web developers. Having begun its journey as Wixpress Ltd., the enterprise was established in 2006 and has since evolved its offerings while cementing its headquarters in Tel Aviv, Israel. As of the end of 2021, Wix.com boasts a vibrant community of approximately 222 million registered users along with 6 million premium subscriptions, indicating its significant impact and widespread adoption in the digital sphere.
Products and Services
Wix.com Ltd. offers an extensive suite of products and services catered to aid users in creating, managing, and expanding their online presence. These offerings include:
- Wix Editor: A drag-and-drop visual website editor that allows users to create custom websites with ease.
- Wix ADI: Utilizes artificial intelligence to craft tailored websites based on user-specific needs.
- Corvid by Wix: A platform for developers to build advanced web applications and websites with full design freedom.
- Ascend by Wix: This suite consists of roughly 20 tools aimed at helping users connect with customers, automate processes, and grow their business.
- Wix Logo Maker: An AI-driven tool for creating professional logos.
- Wix Answers: A unified support solution that allows users to assist their customers across different channels.
- Wix Payments: A comprehensive payment platform to facilitate financial transactions on user websites.
- Vertical-Specific Applications: Catering to business owners' diverse online needs through an array of industry-specific applications.
- App Market: Offers a collection of free and premium web applications that users can easily integrate into their sites.
- Wix Arena: An online marketplace connecting website owners with professional web developers and designers.
- Wix App: A mobile application enabling users to manage their websites and access the Wix ecosystem on the go.
Through these products and services, Wix.com Ltd. provides a holistic ecosystem catering to the multifaceted requirements of creating, managing, and expanding an online presence, establishing it as a cornerstone for individuals and businesses alike in the domain of web development and management.
