Portnoy Law Firm Announces Class Action on Behalf of Wix.com, Ltd. Investors
The Portnoy Law Firm announced a securities class action against Wix.com on behalf of investors who bought shares between February 19, 2025 and May 12, 2026, with a September 23, 2026 lead plaintiff deadline. The complaint alleges Wix overstated the competitiveness and financial benefits of its AI product offerings and understated the costs of developing and promoting them, including post-acquisition costs tied to the June 2025 Base44 deal. Cited catalysts include stock declines of more than 16% in May 2025, nearly 20% in November 2025, and more than 27% after Q1 2026 earnings, alongside downgrades by JPMorgan, UBS, and Citizens that cut price targets to $91 and $96 respectively.
Key figures
- Class period end
- May 12, 2026
- Class period start
- February 19, 2025
- Stock drop 2025 05 21
- more than 16%
- Stock drop 2025 11 19
- nearly 20%
- Stock drop 2026 03 27
- nearly 3%
- Stock drop 2026 04 02
- nearly 10%
- Stock drop 2026 04 07
- nearly 4%
- Stock drop 2026 05 13
- more than 27%
- Fy2025 revenue guidance
- $1.97 billion to $2 billion
- Lead plaintiff deadline
- September 23, 2026
AI analysis
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