VTEX (NYSE:VTEX) Given Average Recommendation of “Buy” by Brokerages

VTEX (NYSE:VTEXGet Rating) has received an average recommendation of “Buy” from the eight brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $22.33.

A number of research analysts have recently issued reports on the company. Credit Suisse Group raised VTEX from a “neutral” rating to an “outperform” rating and lowered their price target for the company from $10.00 to $8.00 in a report on Friday, April 29th. Piper Sandler lowered their price target on VTEX from $13.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, April 25th.

Hedge funds have recently bought and sold shares of the business. Morgan Stanley bought a new position in VTEX in the third quarter valued at about $29,000. UBS Group AG bought a new position in VTEX in the third quarter valued at about $32,000. Advisors Asset Management Inc. bought a new position in VTEX in the first quarter valued at about $59,000. Citigroup Inc. lifted its holdings in VTEX by 1,707.8% in the first quarter. Citigroup Inc. now owns 10,829 shares of the company’s stock valued at $66,000 after acquiring an additional 10,230 shares during the period. Finally, GSA Capital Partners LLP bought a new position in VTEX in the first quarter valued at about $83,000. 48.60% of the stock is currently owned by institutional investors.

NYSE VTEX opened at $4.17 on Friday. VTEX has a 12 month low of $3.71 and a 12 month high of $33.36. The stock has a market cap of $780.87 million and a P/E ratio of -11.27. The stock’s fifty day moving average price is $5.13 and its 200-day moving average price is $7.71. The company has a current ratio of 5.48, a quick ratio of 5.48 and a debt-to-equity ratio of 0.02.

VTEX (NYSE:VTEXGet Rating) last released its earnings results on Thursday, May 12th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). VTEX had a negative return on equity of 26.02% and a negative net margin of 49.92%. The company had revenue of $34.67 million during the quarter, compared to analysts’ expectations of $33.43 million. As a group, analysts forecast that VTEX will post -0.28 earnings per share for the current fiscal year.

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.

Further Reading

Analyst Recommendations for VTEX (NYSE:VTEX)

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