Wall Street Zen Upgrades VTEX (NYSE:VTEX) to Strong-Buy

VTEX (NYSE:VTEX) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

Several other equities research analysts also recently weighed in on the stock. UBS Group downgraded shares of VTEX from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $8.00 to $4.00 in a research note on Wednesday, January 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of VTEX in a research note on Friday, January 9th. Finally, JPMorgan Chase & Co. decreased their price objective on VTEX from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $6.16.

VTEX Stock Up 2.1%

Shares of NYSE:VTEX opened at $3.17 on Friday. VTEX has a 1-year low of $2.99 and a 1-year high of $6.89. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.10 and a quick ratio of 3.10. The stock has a market cap of $578.56 million, a P/E ratio of 35.17 and a beta of 1.34. The firm has a fifty day moving average price of $3.52 and a 200 day moving average price of $4.06.

Hedge Funds Weigh In On VTEX

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of VTEX by 37.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,822 shares of the company’s stock worth $187,000 after buying an additional 10,110 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in VTEX by 61.6% during the first quarter. Goldman Sachs Group Inc. now owns 220,758 shares of the company’s stock worth $1,119,000 after acquiring an additional 84,189 shares during the period. Jane Street Group LLC raised its position in VTEX by 1,570.1% in the first quarter. Jane Street Group LLC now owns 187,146 shares of the company’s stock worth $949,000 after acquiring an additional 175,940 shares in the last quarter. Aberdeen Group plc lifted its holdings in VTEX by 39.0% in the second quarter. Aberdeen Group plc now owns 368,962 shares of the company’s stock valued at $2,474,000 after acquiring an additional 103,449 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings 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 acquiring an additional 2,169 shares during the period. Institutional investors and hedge funds own 63.69% of the company’s stock.

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.