The latest trading session saw Wix.com (WIX) ending at $164.50, denoting a +0.14% adjustment from its last day's close. This change lagged the S&P 500's 0.27% gain on the day. Meanwhile, the Dow experienced a rise of 0.65%, and the technology-dominated Nasdaq saw an increase of 0.26%.Coming into today, shares of the cloud-based web development company had lost 2.39% in the past month. In that same time, the Computer and Technology sector gained 2.21%, while the S&P 500 gained 2%.Investors will be eagerly wa ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Wix.com (WIX) . Wix.com currently has an average brokerage recommendation ...

The latest trading session saw Wix.com (WIX) ending at $172.47, denoting a -0.53% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 0.18%. Elsewhere, the Dow lost 0.8%, while the tech-heavy Nasdaq added 0.27%.The cloud-based web development company's shares have seen an increase of 7.94% over the last month, surpassing the Computer and Technology sector's gain of 6.6% and the S&P 500's gain of 4.46%.The investment community will be paying close attention to ...

Company Performance - Wix.com shares increased by 3.2% to close at $177.24, with notable trading volume compared to typical sessions, and a total gain of 7.7% over the past four weeks [1] - The rise in share price is attributed to strong topline performance driven by the adoption of AI products and WIX Studio, which is a significant growth driver for the company [1] - Management reported that the number of Studio accounts and new Partners joining the Wix platform through Studio exceeded expectations [1] Financial Outlook - Following a strong second quarter, management raised the 2024 outlook for bookings, revenues, and free cash flow, with revenues now expected to be between $1,747 million and $1,761 million, an increase from the previous guidance [2] - Total bookings are projected to be between $1,802 million and $1,822 million, compared to the earlier range of $1,796 million to $1,826 million [2] - The upcoming quarterly earnings are expected to be $1.44 per share, reflecting a year-over-year increase of 30.9%, with revenues anticipated at $443.27 million, up 12.6% from the previous year [2] Earnings Estimates - The consensus EPS estimate for Wix.com has remained unchanged over the last 30 days, indicating that stock price movements may not continue without trends in earnings estimate revisions [3] - Wix.com currently holds a Zacks Rank of 3 (Hold), while CyberArk, another company in the same industry, has a Zacks Rank of 1 (Strong Buy) [3]

Wix.com Ltd. (WIX) is making significant strides in generative artificial intelligence (AI) to position itself as a key player in a rapidly evolving market. WIX is a cloud-based web development platform based in Tel Aviv, Israel. It offers solutions that enable businesses, organizations, professionals and individuals to develop customized websites and application platforms and grow the companies' online presence. Recognizing AI as a powerful catalyst for growth, the company has launched several innovative p ...

Group 1: Company Performance - Wix.com closed at $160.09, with a daily increase of +1.65%, outperforming the S&P 500's gain of 0.01% [1] - Over the last month, Wix.com shares increased by 0.04%, lagging behind the Computer and Technology sector's gain of 1.03% and the S&P 500's gain of 1.21% [1] Group 2: Earnings Projections - Upcoming EPS for Wix.com is projected at $1.44, indicating a 30.91% increase compared to the same quarter of the previous year [2] - Revenue is forecasted to be $443.27 million, reflecting a 12.55% growth compared to the corresponding quarter of the prior year [2] Group 3: Full Year Estimates - Zacks Consensus Estimates suggest earnings of $5.85 per share and revenue of $1.75 billion for the full year, marking changes of +33.26% and +12.37% respectively from last year [3] Group 4: Analyst Estimates and Stock Performance - Recent changes to analyst estimates for Wix.com are important as they reflect short-term business trends, with positive revisions indicating optimism about the company's outlook [4] - Estimate alterations are linked to stock price performance, and the Zacks Rank system integrates these changes to provide a functional rating [5] Group 5: Zacks Rank and Valuation - Wix.com currently holds a Zacks Rank of 3 (Hold), with a Forward P/E ratio of 26.93, which is a discount compared to the industry average of 27.27 [6] - The PEG ratio for Wix.com is 1.2, significantly lower than the average PEG ratio of 2.72 for the Computers - IT Services industry [7] Group 6: Industry Ranking - The Computers - IT Services industry, which includes Wix.com, holds a Zacks Industry Rank of 50, placing it in the top 20% of over 250 industries [7] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

Core Insights - The Agency Forecast Report, released by Wix.com Ltd. in collaboration with Agency Hackers, highlights key trends, challenges, and opportunities in the marketing industry [1][3][4] Industry Trends - 72% of agencies identify talent acquisition and retention, especially in tech roles, as a significant challenge [3] - 62% are exploring new market opportunities or niche offerings [3] - 55% report an increase in client demand for shorter contracts or project-based work [3] - 75% plan to increase investment in their own marketing efforts [3] - 55% are focusing on strengthening existing client relationships as a primary growth strategy [3] - 42% of agencies experienced revenue growth in the last six months [3] Agency Resilience - Confidence levels among surveyed agency leaders averaged 6.6 out of 10, indicating resilience and a positive outlook in a dynamic business environment [3] - Agencies are adapting to client demands, exploring new markets, and embracing AI to remain competitive [5][6]

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Wix.com (WIX) . Wix.com currently has an average brokerage recommendation (ABR) of 1.52, on a ...

The business of hosting websites and enabling content creators to build clean-looking landing pages, to many, seems commoditized. And yet, Wix.com (NASDAQ: WIX ) has taken the industry by surprise this year by showcasing accelerating bookings growth, driven by a number With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry t ...

Company Performance - Wix.com (WIX) closed at $160.64, with a -0.29% movement compared to the previous day, underperforming the S&P 500 which lost 0.19% [1] - Over the past month, WIX shares have depreciated by 2.43%, while the Computer and Technology sector saw a loss of 0.09% and the S&P 500 gained 2.06% [1] Upcoming Financial Results - Wix.com is expected to report earnings per share (EPS) of $1.44, reflecting a 30.91% increase year-over-year [2] - Revenue is projected to be $443.27 million, indicating a 12.55% increase from the same quarter last year [2] Full-Year Estimates - The full-year Zacks Consensus Estimates for Wix.com are earnings of $5.85 per share and revenue of $1.75 billion, representing year-over-year changes of +33.26% and +12.37% respectively [3] Analyst Estimates and Stock Performance - Recent changes to analyst estimates for Wix.com are linked to stock price performance, with positive revisions indicating optimism about the company's outlook [4][3] - Wix.com currently holds a Zacks Rank of 3 (Hold), with the EPS estimate remaining stagnant over the past month [5] Valuation Metrics - Wix.com has a Forward P/E ratio of 27.55, which is higher than the industry average of 27.08, suggesting it is trading at a premium [6] - The company has a PEG ratio of 1.23, compared to the industry average PEG ratio of 3.1 [7] Industry Context - The Computers - IT Services industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 55, placing it in the top 22% of over 250 industries [8]