Itau BBA Securities Downgrades VTEX (NYSE:VTEX) to Market Perform

VTEX (NYSE:VTEXGet Rating) was downgraded by investment analysts at Itau BBA Securities from an “outperform” rating to a “market perform” rating in a report released on Wednesday, The Fly reports.

Several other equities research analysts have also issued reports on VTEX. Bank of America raised shares of VTEX from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $4.50 to $6.50 in a research report on Friday, August 26th. Piper Sandler dropped their price objective on shares of VTEX from $9.00 to $6.00 and set an “overweight” rating for the company in a research report on Friday, July 22nd. Finally, The Goldman Sachs Group decreased their target price on shares of VTEX from $12.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, July 5th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $11.08.

VTEX Stock Performance

VTEX stock opened at $4.11 on Wednesday. VTEX has a 52-week low of $2.66 and a 52-week high of $24.97. The firm has a fifty day moving average of $3.85 and a 200-day moving average of $4.65. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.33 and a quick ratio of 5.33.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VTEX. Knowledge Leaders Capital LLC bought a new position in VTEX during the 2nd quarter valued at $36,000. Jane Street Group LLC bought a new position in VTEX during the 2nd quarter valued at $57,000. Advisors Asset Management Inc. bought a new position in VTEX during the 1st quarter valued at $59,000. Occudo Quantitative Strategies LP bought a new position in VTEX during the 2nd quarter valued at $59,000. Finally, Citigroup Inc. boosted its stake in VTEX by 1,707.8% during the 1st 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 last quarter. 41.19% of the stock is currently owned by institutional investors.

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.

Featured Stories

The Fly logo

Analyst Recommendations for VTEX (NYSE:VTEX)

Receive News & Ratings for VTEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VTEX and related companies with MarketBeat.com's FREE daily email newsletter.