VTEX (NYSE:VTEX) Receives $5.97 Average Price Target from Analysts

VTEX (NYSE:VTEX) has been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $5.9667.

VTEX has been the subject of several analyst reports. Wall Street Zen upgraded VTEX from a “buy” rating to a “strong-buy” rating in a research report on Sunday, April 12th. Weiss Ratings upgraded VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. UBS Group downgraded VTEX from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $8.00 to $4.00 in a research report on Wednesday, January 14th. Finally, Brean Capital upgraded VTEX from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research report on Wednesday, March 11th.

VTEX Stock Performance

Shares of VTEX stock opened at $3.91 on Tuesday. 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 business has a 50 day moving average of $3.76 and a two-hundred day moving average of $3.82. VTEX has a 52 week low of $2.84 and a 52 week high of $6.82. The company has a market cap of $675.53 million, a P/E ratio of 35.50, a PEG ratio of 0.62 and a beta of 1.17.

VTEX (NYSE:VTEX) last issued its earnings results on Thursday, February 26th. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. The company had revenue of $67.95 million during the quarter, compared to the consensus estimate of $68.11 million. VTEX had a return on equity of 8.24% and a net margin of 8.32%. As a group, analysts anticipate that VTEX will post 0.18 EPS for the current year.

Hedge Funds Weigh In On VTEX

Hedge funds and other institutional investors have recently made changes to their positions in the business. State of Wyoming bought a new position in shares of VTEX in the second quarter valued at $59,000. Aquatic Capital Management LLC bought a new position in shares of VTEX in the third quarter valued at $41,000. ProShare Advisors LLC bought a new position in shares of VTEX in the fourth quarter valued at $39,000. Ieq Capital LLC bought a new position in shares of VTEX in the fourth quarter valued at $41,000. Finally, Virtu Financial LLC bought a new position in shares of VTEX in the third quarter valued at $51,000. 63.69% of the stock is currently 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.