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

Shares of VTEX (NYSE:VTEX) have been given an average rating of “Moderate Buy” by the six analysts that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $6.16.

VTEX has been the subject of several analyst reports. Wall Street Zen raised shares of VTEX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 14th. JPMorgan Chase & Co. decreased their price objective on VTEX from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of VTEX in a research note on Friday, January 9th. Finally, UBS Group downgraded VTEX from a “buy” rating to a “neutral” rating and reduced their target price for the company from $8.00 to $4.00 in a research report on Wednesday, January 14th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of VTEX by 37.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,822 shares of the company’s stock valued at $187,000 after acquiring an additional 10,110 shares during the period. Goldman Sachs Group Inc. increased its holdings in VTEX by 61.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 220,758 shares of the company’s stock valued at $1,119,000 after purchasing an additional 84,189 shares during the last quarter. 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 valued at $949,000 after purchasing an additional 175,940 shares during the period. Envestnet Asset Management Inc. raised its position 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 purchasing an additional 2,169 shares during the period. Finally, Teacher Retirement System of Texas purchased a new stake in VTEX in the second quarter valued at approximately $69,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

VTEX Stock Up 1.8%

NYSE VTEX opened at $3.64 on Monday. VTEX has a 52 week low of $2.84 and a 52 week high of $6.82. The company has a quick ratio of 3.10, a current ratio of 3.04 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $3.36 and its 200-day simple moving average is $3.87. The firm has a market cap of $664.48 million, a PE ratio of 33.05, a P/E/G ratio of 0.63 and a beta of 1.31.

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

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.