VTEX (NYSE:VTEX) Upgraded to “Buy” at Brean Capital

Brean Capital upgraded shares of VTEX (NYSE:VTEX) from a hold rating to a buy rating in a research note issued to investors on Wednesday, Marketbeat reports. The brokerage currently has $5.00 target price on the stock.

Several other brokerages also recently weighed in on VTEX. Wall Street Zen raised shares of VTEX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 14th. Weiss Ratings downgraded shares of VTEX from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 4th. Finally, UBS Group lowered VTEX from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $8.00 to $4.00 in a research report on Wednesday, January 14th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, VTEX has an average rating of “Hold” and a consensus price target of $5.97.

VTEX Stock Performance

NYSE VTEX opened at $4.08 on Wednesday. The company has a market cap of $744.91 million, a P/E ratio of 37.05, a P/E/G ratio of 0.64 and a beta of 1.31. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.04 and a quick ratio of 3.04. The stock has a 50-day moving average of $3.38 and a two-hundred day moving average of $3.87. VTEX has a 1-year low of $2.84 and a 1-year high of $6.82.

VTEX (NYSE:VTEX) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. VTEX had a net margin of 8.32% and a return on equity of 8.24%. The business had revenue of $67.95 million for the quarter, compared to analysts’ expectations of $68.11 million. As a group, analysts anticipate that VTEX will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Polar Capital Holdings Plc raised its position in shares of VTEX by 11.9% during the 3rd quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company’s stock worth $30,809,000 after acquiring an additional 748,712 shares in the last quarter. Millennium Management LLC boosted its holdings in VTEX by 36.6% in the fourth quarter. Millennium Management LLC now owns 2,091,811 shares of the company’s stock valued at $7,865,000 after purchasing an additional 560,828 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in VTEX by 8.6% in the second quarter. Artisan Partners Limited Partnership now owns 1,596,050 shares of the company’s stock valued at $10,534,000 after purchasing an additional 126,875 shares during the last quarter. State Street Corp increased its stake in VTEX by 7.7% in the fourth quarter. State Street Corp now owns 1,590,672 shares of the company’s stock valued at $5,981,000 after purchasing an additional 114,256 shares during the last quarter. Finally, Citadel Advisors LLC raised its holdings in VTEX by 524.5% during the third 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 in the last quarter. Hedge funds and other 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.