VTEX (NYSE:VTEX) Receives $6.16 Consensus Price Target from Analysts

VTEX (NYSE:VTEX) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $6.16.

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group initiated coverage on shares of VTEX in a research note on Wednesday, October 15th. They issued a “buy” rating and a $5.30 target price for the company. JPMorgan Chase & Co. lowered their price target on shares of VTEX from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Wall Street Zen cut shares of VTEX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of VTEX in a research report on Friday, January 9th. Finally, UBS Group cut VTEX from a “buy” rating to a “neutral” rating and lowered their target price for the company from $8.00 to $4.00 in a research note on Wednesday, January 14th.

VTEX Price Performance

VTEX stock opened at $3.16 on Thursday. The business’s fifty day moving average is $3.61 and its two-hundred day moving average is $4.15. 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 firm has a market cap of $576.73 million, a P/E ratio of 35.06 and a beta of 1.34. VTEX has a 52 week low of $2.99 and a 52 week high of $6.89.

VTEX (NYSE:VTEX) last announced its earnings results on Thursday, November 6th. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. The company had revenue of $59.61 million during the quarter, compared to analyst estimates of $59.80 million. VTEX had a return on equity of 6.63% and a net margin of 7.03%.The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $0.02 earnings per share. Equities research analysts forecast 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 added to or reduced their stakes in VTEX. Millennium Management LLC boosted its stake 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 purchasing an additional 1,024,911 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of VTEX during the third quarter worth approximately $4,412,000. Citadel Advisors LLC lifted its holdings in VTEX by 524.5% in the third quarter. Citadel Advisors LLC now owns 1,012,225 shares of the company’s stock valued at $4,434,000 after buying an additional 850,132 shares during the period. Polar Capital Holdings Plc boosted its stake in VTEX by 11.9% in the third quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company’s stock valued at $30,809,000 after acquiring an additional 748,712 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. boosted its stake in VTEX by 1,301.0% in the second quarter. BW Gestao de Investimentos Ltda. now owns 746,757 shares of the company’s stock valued at $4,929,000 after acquiring an additional 693,457 shares during the last quarter. 63.69% of the stock is owned by institutional investors.

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.