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

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

VTEX has been the subject of a number of other research reports. The Goldman Sachs Group assumed coverage on VTEX in a research report on Wednesday, October 15th. They issued a “buy” rating and a $5.30 price objective for the company. Jefferies Financial Group raised shares of VTEX from a “hold” rating to a “buy” rating and decreased their price target for the company from $7.30 to $6.50 in a report on Wednesday, September 17th. JPMorgan Chase & Co. cut their target price on VTEX from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of VTEX in a report on Tuesday, October 14th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, VTEX currently has a consensus rating of “Moderate Buy” and an average price target of $6.96.

VTEX Price Performance

VTEX stock opened at $3.66 on Friday. VTEX has a 1 year low of $3.53 and a 1 year high of $6.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.10 and a current ratio of 3.10. The stock has a market capitalization of $668.13 million, a P/E ratio of 40.62 and a beta of 1.34. The company’s fifty day moving average price is $3.90 and its 200 day moving average price is $4.61.

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

Hedge Funds Weigh In On VTEX

Several institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. grew its position in VTEX by 6.4% in the second quarter. Envestnet Asset Management Inc. now owns 36,156 shares of the company’s stock valued at $239,000 after purchasing an additional 2,169 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of VTEX by 18.5% in the 3rd quarter. Van ECK Associates Corp now owns 30,759 shares of the company’s stock valued at $135,000 after purchasing an additional 4,802 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of VTEX by 6.4% during the second quarter. Public Employees Retirement System of Ohio now owns 89,279 shares of the company’s stock worth $589,000 after purchasing an additional 5,376 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in VTEX during the 2nd quarter valued at approximately $39,000. Finally, State of Wyoming bought a new position in shares of VTEX during the 2nd quarter worth about $59,000. Institutional investors own 63.69% of the company’s stock.

VTEX Company Profile

VTEX is a global commerce platform provider that offers a full suite of software-as-a-service (SaaS) solutions designed to power online retail and marketplace operations. Its cloud-native platform combines e-commerce, order management and marketplace capabilities in a single environment, enabling brands and retailers to launch and scale digital commerce initiatives without the need for extensive in-house infrastructure. The company’s API-first architecture and microservices design support headless implementations, allowing businesses to integrate front-end experiences, third-party applications and custom modules with minimal development overhead.

Founded in 1999 and headquartered in São Paulo, Brazil, VTEX has expanded its reach to serve customers across Latin America, North America, Europe and Asia-Pacific.