VTEX (NYSE:VTEX) Rating Increased to Strong-Buy at Wall Street Zen

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

VTEX has been the topic of several other research reports. Jefferies Financial Group raised VTEX from a “hold” rating to a “buy” rating and dropped their target price for the stock from $7.30 to $6.50 in a report on Wednesday, September 17th. The Goldman Sachs Group started coverage on VTEX in a research note on Wednesday, October 15th. They set a “buy” rating and a $5.30 target price for the company. UBS Group dropped their price target on shares of VTEX from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of VTEX in a report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of VTEX from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $6.96.

VTEX Stock Performance

VTEX stock opened at $3.91 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.10 and a quick ratio of 3.10. VTEX has a 12 month low of $3.65 and a 12 month high of $6.93. The company has a fifty day moving average price of $4.22 and a two-hundred day moving average price of $5.08. The company has a market cap of $713.83 million, a PE ratio of 43.39 and a beta of 1.33.

VTEX (NYSE:VTEX) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. VTEX had a net margin of 7.03% and a return on equity of 6.63%. The business had revenue of $59.61 million during the quarter, compared to analyst estimates of $59.80 million. During the same quarter in the prior year, the firm earned $0.02 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Research analysts expect that VTEX will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On VTEX

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VTEX. Ameritas Investment Partners Inc. acquired a new position in shares of VTEX in the second quarter worth $39,000. Aquatic Capital Management LLC purchased a new position in VTEX in the third quarter valued at about $41,000. Virtu Financial LLC purchased a new position in VTEX in the third quarter valued at about $51,000. Sherbrooke Park Advisers LLC acquired a new position in VTEX in the 3rd quarter worth about $54,000. Finally, State of Wyoming acquired a new stake in VTEX in the second quarter valued at approximately $59,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

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.