VTEX (NYSE:VTEX) Receives $7.16 Average Target Price from Brokerages

VTEX (NYSE:VTEX) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $7.16.

VTEX has been the topic of a number of research analyst reports. Jefferies Financial Group upgraded VTEX from a “hold” rating to a “buy” rating and decreased their target price for the stock from $7.30 to $6.50 in a research report on Wednesday, September 17th. Wall Street Zen upgraded shares of VTEX from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. UBS Group dropped their target price on shares of VTEX from $10.00 to $8.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of VTEX in a report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $6.00 price objective (down from $7.50) on shares of VTEX in a research note on Friday, August 8th.

VTEX Stock Down 1.2%

VTEX stock opened at $4.37 on Tuesday. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $4.30 and its 200 day moving average price is $5.34. VTEX has a 52 week low of $3.91 and a 52 week high of $6.97. The company has a market cap of $797.92 million, a P/E ratio of 54.57 and a beta of 1.33.

VTEX (NYSE:VTEX) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. The company had revenue of $58.80 million during the quarter, compared to the consensus estimate of $60.35 million. VTEX had a net margin of 5.80% and a return on equity of 5.27%. VTEX has set its FY 2025 guidance at EPS. On average, research analysts expect that VTEX will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of VTEX

Several institutional investors and hedge funds have recently made changes to their positions in VTEX. Nuveen LLC purchased a new stake in VTEX during the 1st quarter worth about $7,016,000. Goldman Sachs Group Inc. lifted its holdings in VTEX by 61.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 220,758 shares of the company’s stock valued at $1,119,000 after purchasing an additional 84,189 shares in the last quarter. TimesSquare Capital Management LLC acquired a new stake in shares of VTEX during the 1st quarter worth about $661,000. Banco BTG Pactual S.A. grew its holdings in shares of VTEX by 86.4% during the first quarter. Banco BTG Pactual S.A. now owns 1,671,340 shares of the company’s stock worth $8,474,000 after buying an additional 774,484 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of VTEX by 41.5% during the first quarter. New York State Common Retirement Fund now owns 147,410 shares of the company’s stock worth $747,000 after buying an additional 43,259 shares in the last quarter. 63.69% of the stock is currently owned by hedge funds and other 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.