WIX News and Press, Wix.com Ltd. From 01/30/23

Summary Baillie Gifford’s 13F portfolio value decreased from ~$96.99B to ~$95.96B this quarter. They increased NVIDIA, Shopify, NIO Inc., SEA Ltd., Roblox, DoorDash, and Ginkgo Bioworks while reducing Illumina, Ferrari N.V., Arthur J. Gallagher & Co., Albemarle, Meta Platform...

Wix.com ( NASDAQ: WIX ) shares rose more than 1% in premarket trading on Thursday as RBC Capital Markets upgraded the website development company, citing its pricing power and its strong free cash flow position. "We see WIX as a solid defensive play benefiting from structurally higher...

Wix.com ( NASDAQ: WIX ) said Thursday that the Israeli court authorized its repurchase program for an additional six months through July 4, 2023. The authorization provides for the repurchase of up to $110 million of ordinary shares and/or convertible notes. The new autho...

Wix Announces Court Approved Extension of Share Repurchase Program and Provides Update on Repurchase Activity through Q4 2022 PR Newswire NEW YORK , Jan. 5, 2023 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX), a leading global SaaS platform to create, manage...

Summary Jeff Smith’s 13F portfolio value decreased from $5.50B to $4.55B this quarter. Starboard Value added Wix.com while decreasing ON Semiconductor and Huntsman Corp. The largest three individual stock positions are GoDaddy, Aecom, and Humana. They add up to ~34% of the po...

Summary More and more emphasis is being placed on having a visible online presence. The potential for profit in this market is enormous. SQSP is a straightforward, all-in-one platform. Recommendation I believe Squarespace (SQSP) has 37% upside. The digital world is bec...

Summary The e-commerce market is expected to continue growing, and Wix.com is well-positioned to capitalize on this trend through its expanding product offerings and increased monetization efforts. Recent improvements on the monetization side will guide the company to quarterly profitab...

Websites are one of the two core ways we access the internet, along with mobile applications. Building websites is a cornerstone of having a presence on the internet, and is vital for any small business that wants to interact with customers. The website-building market has grown through a monumen...

Summary Since 2012, WIX has grown revenue by over 3000%, from $43 million to $1.3 billion in the last 12 months. WIX was founded in 2006, and since then, the company has never recorded an operating profit. Based on a discounted cash flow analysis, WIX is overvalued. Backgr...

Tech stocks had a good day on Thursday as investors start to get more bullish on the industry's future. The Nasdaq Composite was up 0.9% at 2:20 p.m. ET, outpacing the Dow Jones Industrial Average and S&P 500 by a wide margin. Shares of business-to-business software-as-a-servi...