VTEX (NYSE:VTEX) Lowered to “Buy” Rating by Wall Street Zen

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

A number of other equities analysts have also weighed in on VTEX. Jefferies Financial Group upgraded shares of VTEX from a “hold” rating to a “buy” rating and dropped their target price for the stock from $7.30 to $6.50 in a research report on Wednesday, September 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of VTEX in a research note on Tuesday, October 14th. UBS Group cut their target price on shares of VTEX from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. JPMorgan Chase & Co. dropped their price objective on shares of VTEX from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Finally, The Goldman Sachs Group began coverage on shares of VTEX in a research note on Wednesday, October 15th. They set a “buy” rating and a $5.30 price objective on the stock. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $6.96.

VTEX Trading Down 1.3%

Shares of VTEX stock opened at $3.83 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.10 and a quick ratio of 3.10. The firm has a market cap of $700.12 million, a PE ratio of 42.56 and a beta of 1.33. The company has a 50 day simple moving average of $4.17 and a two-hundred day simple moving average of $4.98. VTEX has a 1 year low of $3.65 and a 1 year high of $6.93.

VTEX (NYSE:VTEX) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. VTEX had a return on equity of 6.63% and a net margin of 7.03%.The company had revenue of $59.61 million for the quarter, compared to the consensus estimate of $59.80 million. During the same quarter in the previous year, the business earned $0.02 EPS. VTEX’s revenue was up 6.5% compared to the same quarter last year. Analysts expect that VTEX will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of VTEX

A number of large investors have recently bought and sold shares of the business. Nuveen LLC purchased a new position in shares of VTEX in the 1st quarter worth about $7,016,000. Millennium Management LLC increased its holdings in shares of VTEX by 202.5% in the 3rd quarter. Millennium Management LLC now owns 1,530,983 shares of the company’s stock valued at $6,706,000 after acquiring an additional 1,024,911 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of VTEX in the 3rd quarter valued at about $4,412,000. Citadel Advisors LLC lifted its holdings in shares of VTEX by 524.5% in the 3rd quarter. Citadel Advisors LLC now owns 1,012,225 shares of the company’s stock worth $4,434,000 after purchasing an additional 850,132 shares during the last quarter. Finally, Banco BTG Pactual S.A. increased its holdings in shares of VTEX by 86.4% in the 1st quarter. Banco BTG Pactual S.A. now owns 1,671,340 shares of the company’s stock worth $8,474,000 after acquiring an additional 774,484 shares during the period. Institutional investors and hedge funds own 63.69% of the company’s stock.

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.