VTEX (NYSE:VTEX) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of VTEX (NYSE:VTEX) from a hold rating to a buy rating in a report issued on Friday.

VTEX has been the subject of several other reports. Jefferies Financial Group started coverage on VTEX in a report on Thursday, May 22nd. They issued a “hold” rating and a $7.30 target price for the company. JPMorgan Chase & Co. upped their target price on VTEX from $6.50 to $7.50 and gave the company an “overweight” rating in a report on Tuesday, May 27th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $8.13.

VTEX Stock Performance

Shares of VTEX opened at $6.68 on Friday. VTEX has a one year low of $4.20 and a one year high of $8.03. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 111.27 and a beta of 1.36. The stock has a 50 day moving average price of $5.64 and a 200 day moving average price of $5.77.

VTEX (NYSE:VTEX) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The firm had revenue of $54.20 million during the quarter, compared to analysts’ expectations of $52.81 million. VTEX had a return on equity of 3.60% and a net margin of 3.97%. On average, analysts predict that VTEX will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On VTEX

A number of hedge funds have recently modified their holdings of VTEX. AMS Capital Ltda grew its holdings in shares of VTEX by 54.4% during the 4th quarter. AMS Capital Ltda now owns 1,121,473 shares of the company’s stock worth $6,605,000 after purchasing an additional 395,030 shares during the period. New York State Common Retirement Fund grew its holdings in shares of VTEX by 16.8% during the 4th quarter. New York State Common Retirement Fund now owns 104,151 shares of the company’s stock worth $613,000 after purchasing an additional 14,986 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of VTEX during the 4th quarter worth $59,000. Raymond James Financial Inc. purchased a new position in shares of VTEX during the 4th quarter worth $399,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of VTEX during the 4th quarter worth $33,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

About VTEX

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.