VTEX (NYSE:VTEX) Rating Lowered to “Hold” at Wall Street Zen

VTEX (NYSE:VTEX) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. lifted their price objective on VTEX from $6.50 to $7.50 and gave the stock an “overweight” rating in a report on Tuesday, May 27th. Jefferies Financial Group began coverage on shares of VTEX in a research note on Thursday, May 22nd. They set a “hold” rating and a $7.30 price objective for the company. Finally, UBS Group lowered their price objective on shares of VTEX from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $7.88.

VTEX Trading Down 2.4%

VTEX opened at $6.49 on Friday. The company has a market cap of $1.19 billion, a P/E ratio of 108.18 and a beta of 1.36. The business’s 50-day moving average price is $5.82 and its 200-day moving average price is $5.78. VTEX has a 12 month low of $4.20 and a 12 month high of $8.03.

VTEX (NYSE:VTEX) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $52.81 million. VTEX had a return on equity of 3.60% and a net margin of 3.97%. Equities research analysts forecast that VTEX will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On VTEX

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of VTEX during the fourth quarter valued at about $33,000. State of Wyoming purchased a new position in shares of VTEX during the fourth quarter valued at about $45,000. SBI Securities Co. Ltd. purchased a new position in shares of VTEX during the fourth quarter valued at about $59,000. Occudo Quantitative Strategies LP purchased a new position in shares of VTEX during the fourth quarter valued at about $81,000. Finally, Graham Capital Management L.P. purchased a new position in shares of VTEX during the fourth quarter valued at about $101,000. 63.69% of the stock is owned by institutional investors.

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.