Wix ( (WIX) ) has shared an update.
On February 27, 2025, Wix.com Ltd. announced that its Board of Directors authorized a $200 million share repurchase program, reflecting confidence in the company’s ability to generate strong cash flow and commitment to increasing shareholder value. The program allows for repurchases through various methods, with the company funding these buybacks using cash on hand and future operational cash flow, potentially impacting market perception and shareholder returns.
More about Wix
Wix.com Ltd. is a leading SaaS website builder platform that enables users to create, manage, and grow a digital presence. Founded in 2006, Wix offers a comprehensive platform with industry-leading performance, security, AI capabilities, and a reliable infrastructure. It provides a wide range of commerce and business solutions, advanced SEO and marketing tools, allowing users to take full ownership of their brand, data, and customer relationships.
YTD Price Performance: -8.02%
Average Trading Volume: 724,568
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $11.08B
For a thorough assessment of WIX stock, go to TipRanks’ Stock Analysis page.