New York City-based Elwood Capital Partners bought 17,710 shares of Wix in the third quarter. The total position value rose by $3.57 million quarter over quarter.
Wix has teamed with Stripe to offer more local payment options in Europe. Although Wix Payments has been operating in Europe since 2019, this marks the first time Wix and Stripe are expanding their partnership outside North America, the companies said in a Tuesday (Dec. 16) news release.
Wix merchants will be among the first to have a simple and seamless experience to leverage the potential of agentic commerce via Stripe's Agentic Commerce Suite
New York City-based Senvest Management increased its holdings in Wixcom by 447,765 shares during the third quarter. The move helped increase the overall position value by about $118.7 million from the prior period.
Wix.com is upgraded to Hold from Sell after a sharp stock decline despite ongoing business growth. WIX's Q3 showed 14% revenue and bookings growth, but margin pressure persists due to AI investments. Balance sheet concerns remain with negative tangible equity, raising questions about continued buybacks amid solid free cash flow.
Wix.com remains a compelling buy as shares have fallen ~20% post-Q3 despite robust revenue growth and AI-driven momentum. AI fears are overblown; WIX's Base44 solution is driving user and revenue acceleration, with 2 million users and strong daily conversions. WIX trades at attractive single-digit FCF multiples—7.9x FY25 and 6.9x FY26—despite raising guidance and maintaining a healthy 30% FCF m...
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