VTEX (NYSE:VTEX) Receives Average Rating of “Moderate Buy” from Analysts

VTEX (NYSE:VTEX) has been given an average rating of “Moderate Buy” by the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $8.44.

VTEX has been the topic of a number of analyst reports. Bank of America increased their price objective on shares of VTEX from $8.50 to $12.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Piper Sandler increased their target price on shares of VTEX from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. increased their target price on shares of VTEX from $6.50 to $9.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. UBS Group increased their target price on shares of VTEX from $8.50 to $12.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Finally, Morgan Stanley raised shares of VTEX from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $5.50 to $8.00 in a report on Friday, January 5th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Counterpoint Mutual Funds LLC acquired a new stake in shares of VTEX during the 1st quarter worth approximately $283,000. Quadrature Capital Ltd grew its position in VTEX by 4.8% in the 4th quarter. Quadrature Capital Ltd now owns 156,192 shares of the company’s stock valued at $1,075,000 after purchasing an additional 7,142 shares during the period. Goldman Sachs Group Inc. acquired a new stake in VTEX in the 4th quarter valued at $377,000. Oberweis Asset Management Inc. acquired a new stake in VTEX in the 4th quarter valued at $323,000. Finally, OLD Mission Capital LLC acquired a new stake in VTEX in the 4th quarter valued at $228,000. Institutional investors own 63.69% of the company’s stock.

VTEX Trading Down 0.5 %

Shares of VTEX stock opened at $7.44 on Wednesday. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of -106.27 and a beta of 1.41. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.01. VTEX has a 12-month low of $3.24 and a 12-month high of $9.59. The firm’s 50-day moving average price is $8.14 and its two-hundred day moving average price is $7.13.

VTEX (NYSE:VTEX) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $60.70 million for the quarter, compared to the consensus estimate of $57.07 million. VTEX had a negative net margin of 6.48% and a negative return on equity of 5.16%. The firm’s revenue was up 33.4% compared to the same quarter last year. On average, analysts forecast that VTEX will post -0.03 earnings per share for the current fiscal year.

About VTEX

VTEX provides software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce strategy, including building online stores, integrating, and managing orders across channels, and creating marketplaces to sell products from third-party vendors.