Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Wix To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Wix between February 19, 2025 and May 12, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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New York, New York--(Newsfile Corp. - July 28, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Wix.com Ltd. ("Wix" or the "Company") (NASDAQ: WIX) and reminds investors of the September 22, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Wix had overstated the competitiveness and performance of its AI product offerings relative to those offered by other companies; (2) Wix had understated the costs associated with developing and promoting its AI product offerings; (3) accordingly, Defendants overstated the commercial and financial benefits of Wix's AI product offerings; and (4) as a result, Defendants' public statements were materially false and misleading at all relevant times.

The truth began to emerge on May 21, 2025, when Wix issued a press release reporting its financial results for the first quarter ("Q1") of 2025. Although the Company reported a 12% year-over-year increase in bookings, Wix maintained its 2025 revenue guidance in the range of $1.97 billion to $2 billion, falling short of analyst expectations. This conservative full-year guidance fueled investor and analyst concerns regarding Wix's business and financial prospects and competition.

On this news, Wix's stock price fell $29.40 per share, or 16.18%, to close at $152.34 per share on May 21, 2025.

On November 19, 2025, Wix reported its financial results for the third quarter of 2025. Among other items, Wix reported that its rising post-acquisition costs to support Base44 were having a material negative impact on the Company's financial results and mitigating the positive impacts of AI-related tailwinds. Wix further revealed that these costs were generally comprised of AI compute and marketing costs.

On this news, Wix's stock price fell $25.22 per share, or 19.87%, to close at $101.70 per share on November 19, 2025.

On May 13, 2026, Wix reported its Q1 2026 results, including earnings and revenue below consensus expectations, and a sharp decline in operating margins that it largely attributed to softness in its professional developer business. On a related earnings call held the same day, Defendants acknowledged that Wix's professional developer customers were using competing AI tools, the Company's new Wix Harmony platform had "holes" and "missing capabilities," there had been delays in delivering product updates and innovation to professional developer customers, and as a result the Company had fallen behind "the workflow and the needs of" professional developers.

On this news, Wix's stock price fell $20.56 per share, or 27.1%, to close at $55.32 per share on May 13, 2026.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Wix's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

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Frequently Asked Questions (FAQ) for Investors Regarding the Wix.com Securities Class Action Lawsuit:

What is the Wix.com securities fraud lawsuit about?

The lawsuit alleges Wix.com misled investors by overstating the competitiveness and financial benefits of its AI products while understating the costs of developing and marketing those offerings.

Who may be eligible to participate in the lawsuit?

Investors who purchased Wix.com Ltd. (NASDAQ: WIX) securities between February 19, 2025 and May 12, 2026 may be eligible if they suffered losses.

What is a lead plaintiff, and how can I seek appointment?

The lead plaintiff represents the proposed class during the litigation. Eligible investors must file a motion with the court by September 22, 2026. Investors may participate without serving as lead plaintiff.

What should investors do if they purchased Wix.com stock during the Class Period?

Investors should review their trading records and consider consulting counsel about their legal rights, participation in the lawsuit, or seeking appointment as lead plaintiff.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Wix.com securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306737

Source: Faruqi & Faruqi LLP