VTEX (NYSE:VTEX) Price Target Cut to $11.00

VTEX (NYSE:VTEXGet Rating) had its price objective dropped by research analysts at Piper Sandler from $13.00 to $11.00 in a research note issued on Monday, The Fly reports. Piper Sandler’s price target points to a potential upside of 97.84% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. Credit Suisse Group started coverage on shares of VTEX in a report on Saturday, February 12th. They issued a “neutral” rating and a $10.00 price target on the stock. KeyCorp lowered their target price on shares of VTEX from $25.00 to $10.00 and set an “overweight” rating on the stock in a report on Tuesday, January 25th. The Goldman Sachs Group upgraded shares of VTEX from a “neutral” rating to a “buy” rating and reduced their price target for the company from $26.00 to $16.00 in a research report on Tuesday, January 18th. Finally, Zacks Investment Research upgraded shares of VTEX from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research report on Saturday, February 19th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, VTEX currently has an average rating of “Buy” and a consensus price target of $21.07.

Shares of VTEX stock opened at $5.56 on Monday. The stock’s fifty day moving average price is $6.83 and its two-hundred day moving average price is $10.67. VTEX has a fifty-two week low of $5.50 and a fifty-two week high of $33.36. The company has a quick ratio of 5.94, a current ratio of 5.94 and a debt-to-equity ratio of 0.02.

VTEX (NYSE:VTEXGet Rating) last posted its quarterly earnings data on Thursday, February 24th. The company reported ($0.06) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.04. The firm had revenue of $37.12 million during the quarter, compared to analyst estimates of $36.32 million. VTEX had a negative return on equity of 30.91% and a negative net margin of 48.11%. As a group, analysts forecast that VTEX will post -0.26 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Constellation Investimentos e Participacoes Ltda purchased a new stake in shares of VTEX during the fourth quarter valued at approximately $13,680,000. Goldman Sachs Group Inc. grew its holdings in shares of VTEX by 69.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,598,249 shares of the company’s stock valued at $38,573,000 after buying an additional 1,468,983 shares during the last quarter. Deutsche Bank AG purchased a new stake in shares of VTEX during the fourth quarter valued at approximately $747,000. Penserra Capital Management LLC purchased a new stake in shares of VTEX during the fourth quarter valued at approximately $405,000. Finally, Susquehanna International Group LLP purchased a new stake in VTEX in the fourth quarter worth approximately $145,000. Institutional investors and hedge funds own 41.24% of the company’s stock.

VTEX Company Profile (Get Rating)

VTEX provides software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce strategy, including building online stores, integrating, and managing orders across channels, and creating marketplaces to sell products from third-party vendors.

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