VTEX (NYSE:VTEX) Cut to “Buy” at 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.

A number of other brokerages have also weighed in on VTEX. Weiss Ratings raised shares of VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, March 19th. Brean Capital upgraded VTEX from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research note on Wednesday, March 11th. Finally, UBS Group cut VTEX from a “buy” rating to a “neutral” rating and lowered their price target 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 and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $5.97.

VTEX Stock Up 0.1%

VTEX stock opened at $4.06 on Friday. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 0.01. The firm has a market cap of $701.47 million, a P/E ratio of 36.87, a P/E/G ratio of 0.59 and a beta of 1.17. The business has a fifty day moving average of $3.52 and a two-hundred day moving average of $3.85. VTEX has a twelve month low of $2.84 and a twelve month high of $6.82.

VTEX (NYSE:VTEX) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The business had revenue of $67.95 million for the quarter, compared to analysts’ expectations of $68.11 million. VTEX had a net margin of 8.32% and a return on equity of 8.24%. On average, analysts forecast that VTEX will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of VTEX

Several institutional investors have recently bought and sold shares of the business. XTX Topco Ltd boosted its holdings in VTEX by 32.0% in the 4th quarter. XTX Topco Ltd now owns 335,538 shares of the company’s stock worth $1,262,000 after buying an additional 81,371 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of VTEX during the fourth quarter valued at approximately $49,000. Polymer Capital Management US LLC purchased a new position in shares of VTEX in the fourth quarter valued at approximately $212,000. Numerai GP LLC boosted its stake in shares of VTEX by 363.7% in the fourth quarter. Numerai GP LLC now owns 127,381 shares of the company’s stock worth $479,000 after acquiring an additional 99,913 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of VTEX by 36.6% in the fourth quarter. Millennium Management LLC now owns 2,091,811 shares of the company’s stock worth $7,865,000 after acquiring an additional 560,828 shares during the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

About VTEX

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.