We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's How Much a $1000 Investment in Wix.com Made 10 Years Ago Would Be Worth Today
Read MoreHide Full Article
How much a stock's price changes over time is important for most investors, since price performance can both impact your investment portfolio and help you compare investment results across sectors and industries.
Another factor that can influence investors is FOMO, or the fear of missing out, especially with tech giants and popular consumer-facing stocks.
What if you'd invested in Wix.com (WIX - Free Report) ten years ago? It may not have been easy to hold on to WIX for all that time, but if you did, how much would your investment be worth today?
Wix.com's Business In-Depth
With that in mind, let's take a look at Wix.com's main business drivers.
Headquartered in Tel Aviv, Israel and founded in 2006, Wix.com Ltd. is a cloud-based web development platform. The company's platform offers solutions that enable businesses, organizations, professionals and individuals to develop customized websites and application platforms and grow their online presence.
In 2022, the company reported revenues of $1.39 billion, up 9% year over year. Growth in the number of registered users and premium subscriptions are key revenue drivers. The company’s products and services include Wix Editor, Velo by Wix, Wix Logo Maker, Wix Studio and Wix Stores.
Wix Editor offers ready templates and drag-and-drop editor tool to facilitate Website editing to make web stores look professional without any design experience.
Velo by Wix is an open development platform for creating innovative web applications.
Wix Studio allows users to leverage latest AI technology and develop advanced websites at scale. Moreover, with Wix Logo Maker users can generate a logo by utilizing AI technology.
Wix Stores is the company’s e-commerce platform that offers merchants professional tools and services to create, design, manage and expand their e-commerce business.
Registered users as of Sep 30, 2023, were 258 million.
For increased transparency, beginning the fourth quarter of 2019, Wix reported revenues, collections and cost of revenues under two segments: Creative Subscriptions and Business Solutions. Creative Subscriptions and Business Solutions contributed 73.8% and 26.2%, respectively, to total third-quarter 2023 revenues of $393.8 million.
The company also started providing Annualized Recurring Revenue (ARR) as the primary KPI for growth of its Creative Subscriptions segment. As of Sep 30, 2023, Creative Subscriptions ARR was $1.18 billion.
Bottom Line
Putting together a successful investment portfolio takes a combination of research, patience, and a little bit of risk. For Wix.com, if you bought shares a decade ago, you're likely feeling really good about your investment today.
According to our calculations, a $1000 investment made in January 2014 would be worth $4,957.20, or a 395.72% gain, as of January 9, 2024. Investors should keep in mind that this return excludes dividends but includes price appreciation.
The S&P 500 rose 159.24% and the price of gold increased 58.59% over the same time frame in comparison.
Going forward, analysts are expecting more upside for WIX.
Wix’s performance is benefiting from solid momentum in Creative Subscriptions’ and Business Solutions’ segments. The company plans to tap the growing demand for Artificial Intelligence (AI) by launching new products like Conversational AI Chat for businesses and AI Meta Tags Creator. Increasing partner revenues and B2B partnerships bode well in the long run. The conversion of new users to paid subscriptions, increasing monetization and strong customer retention is driving average revenue per subscriptions. Going ahead, the company expects 2023 revenues and free cash flow margin to rise owing to business momentum. However, volatile macroeconomic environment and unfavorable foreign currency fluctuations could weigh down on the company’s performance. Stiff competition and rising accumulated deficit are major headwinds.
Over the past four weeks, shares have rallied 15.56%, and there have been 1 higher earnings estimate revisions in the past two months for fiscal 2023 compared to none lower. The consensus estimate has moved up as well.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's How Much a $1000 Investment in Wix.com Made 10 Years Ago Would Be Worth Today
How much a stock's price changes over time is important for most investors, since price performance can both impact your investment portfolio and help you compare investment results across sectors and industries.
Another factor that can influence investors is FOMO, or the fear of missing out, especially with tech giants and popular consumer-facing stocks.
What if you'd invested in Wix.com (WIX - Free Report) ten years ago? It may not have been easy to hold on to WIX for all that time, but if you did, how much would your investment be worth today?
Wix.com's Business In-Depth
With that in mind, let's take a look at Wix.com's main business drivers.
Headquartered in Tel Aviv, Israel and founded in 2006, Wix.com Ltd. is a cloud-based web development platform. The company's platform offers solutions that enable businesses, organizations, professionals and individuals to develop customized websites and application platforms and grow their online presence.
In 2022, the company reported revenues of $1.39 billion, up 9% year over year. Growth in the number of registered users and premium subscriptions are key revenue drivers. The company’s products and services include Wix Editor, Velo by Wix, Wix Logo Maker, Wix Studio and Wix Stores.
Wix Editor offers ready templates and drag-and-drop editor tool to facilitate Website editing to make web stores look professional without any design experience.
Velo by Wix is an open development platform for creating innovative web applications.
Wix Studio allows users to leverage latest AI technology and develop advanced websites at scale. Moreover, with Wix Logo Maker users can generate a logo by utilizing AI technology.
Wix Stores is the company’s e-commerce platform that offers merchants professional tools and services to create, design, manage and expand their e-commerce business.
Registered users as of Sep 30, 2023, were 258 million.
For increased transparency, beginning the fourth quarter of 2019, Wix reported revenues, collections and cost of revenues under two segments: Creative Subscriptions and Business Solutions. Creative Subscriptions and Business Solutions contributed 73.8% and 26.2%, respectively, to total third-quarter 2023 revenues of $393.8 million.
The company also started providing Annualized Recurring Revenue (ARR) as the primary KPI for growth of its Creative Subscriptions segment. As of Sep 30, 2023, Creative Subscriptions ARR was $1.18 billion.
Bottom Line
Putting together a successful investment portfolio takes a combination of research, patience, and a little bit of risk. For Wix.com, if you bought shares a decade ago, you're likely feeling really good about your investment today.
According to our calculations, a $1000 investment made in January 2014 would be worth $4,957.20, or a 395.72% gain, as of January 9, 2024. Investors should keep in mind that this return excludes dividends but includes price appreciation.
The S&P 500 rose 159.24% and the price of gold increased 58.59% over the same time frame in comparison.
Going forward, analysts are expecting more upside for WIX.
Wix’s performance is benefiting from solid momentum in Creative Subscriptions’ and Business Solutions’ segments. The company plans to tap the growing demand for Artificial Intelligence (AI) by launching new products like Conversational AI Chat for businesses and AI Meta Tags Creator. Increasing partner revenues and B2B partnerships bode well in the long run. The conversion of new users to paid subscriptions, increasing monetization and strong customer retention is driving average revenue per subscriptions. Going ahead, the company expects 2023 revenues and free cash flow margin to rise owing to business momentum. However, volatile macroeconomic environment and unfavorable foreign currency fluctuations could weigh down on the company’s performance. Stiff competition and rising accumulated deficit are major headwinds.
Over the past four weeks, shares have rallied 15.56%, and there have been 1 higher earnings estimate revisions in the past two months for fiscal 2023 compared to none lower. The consensus estimate has moved up as well.