VTEX (NYSE:VTEX) Receives Average Rating of “Moderate Buy” from Analysts

VTEX (NYSE:VTEX) has been given an average rating of “Moderate Buy” by the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $5.83.

Several research analysts have recently commented on the company. DA Davidson lifted their price objective on VTEX from $5.00 to $5.50 in a report on Friday, June 23rd. Piper Sandler upped their price target on shares of VTEX from $5.00 to $6.00 and gave the company an “overweight” rating in a report on Wednesday, August 9th. UBS Group raised shares of VTEX from a “neutral” rating to a “buy” rating and raised their price target for the stock from $4.70 to $7.50 in a report on Tuesday, August 22nd. Credit Suisse Group downgraded shares of VTEX from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $6.50 to $5.00 in a research note on Monday, June 12th. Finally, Itau BBA Securities upgraded VTEX from a “market perform” rating to an “outperform” rating and set a $6.00 price target on the stock in a report on Wednesday, May 10th.

Institutional Investors Weigh In On VTEX

Hedge funds have recently made changes to their positions in the company. Vident Investment Advisory LLC increased its stake in shares of VTEX by 16.8% in the 4th quarter. Vident Investment Advisory LLC now owns 19,694 shares of the company’s stock worth $74,000 after acquiring an additional 2,827 shares in the last quarter. State Street Corp boosted its position in shares of VTEX by 2.0% in the 1st quarter. State Street Corp now owns 173,892 shares of the company’s stock worth $1,069,000 after purchasing an additional 3,452 shares in the last quarter. Van ECK Associates Corp increased its position in VTEX by 28.0% during the 2nd quarter. Van ECK Associates Corp now owns 29,333 shares of the company’s stock valued at $141,000 after buying an additional 6,419 shares in the last quarter. PDT Partners LLC raised its stake in VTEX by 25.2% during the fourth quarter. PDT Partners LLC now owns 34,489 shares of the company’s stock valued at $129,000 after buying an additional 6,933 shares during the last quarter. Finally, State of Wyoming bought a new stake in VTEX in the second quarter worth $34,000. 50.07% of the stock is currently owned by institutional investors.

VTEX Stock Up 0.3 %

Shares of NYSE VTEX opened at $6.05 on Tuesday. The stock has a market capitalization of $1.14 billion, a P/E ratio of -43.21 and a beta of 1.21. VTEX has a one year low of $3.12 and a one year high of $6.68. The firm’s 50 day simple moving average is $5.26 and its two-hundred day simple moving average is $4.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.12 and a quick ratio of 4.12.

VTEX (NYSE:VTEX) last released its earnings results on Tuesday, August 8th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The business had revenue of $47.89 million for the quarter, compared to the consensus estimate of $45.46 million. VTEX had a negative net margin of 14.78% and a negative return on equity of 9.56%. As a group, analysts expect that VTEX will post -0.09 EPS for the current fiscal year.

VTEX Company Profile

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.