VTEX (NYSE:VTEX) Stock Rating Lowered by Wall Street Zen

VTEX (NYSE:VTEX) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

A number of other brokerages have also recently commented on VTEX. Jefferies Financial Group raised VTEX from a “hold” rating to a “buy” rating and lowered their price target for the company from $7.30 to $6.50 in a research note on Wednesday, September 17th. JPMorgan Chase & Co. reduced their price target on VTEX from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of VTEX in a research report on Tuesday, October 14th. UBS Group cut their target price on shares of VTEX from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Finally, The Goldman Sachs Group began coverage on shares of VTEX in a research report on Wednesday, October 15th. They set a “buy” rating and a $5.30 price target on the stock. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6.96.

VTEX Price Performance

Shares of VTEX stock opened at $3.83 on Friday. The firm has a fifty day moving average price of $4.17 and a two-hundred day moving average price of $4.98. 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 company has a market cap of $700.12 million, a PE ratio of 42.56 and a beta of 1.33. VTEX has a fifty-two week low of $3.65 and a fifty-two week high of $6.93.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in VTEX by 6.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 36,156 shares of the company’s stock worth $239,000 after buying an additional 2,169 shares during the period. Van ECK Associates Corp grew its position in VTEX by 18.5% during the third quarter. Van ECK Associates Corp now owns 30,759 shares of the company’s stock valued at $135,000 after acquiring an additional 4,802 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of VTEX by 6.4% during the second quarter. Public Employees Retirement System of Ohio now owns 89,279 shares of the company’s stock valued at $589,000 after buying an additional 5,376 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of VTEX in the second quarter worth $39,000. Finally, State of Wyoming purchased a new position in VTEX during the 2nd quarter valued at about $59,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

VTEX Company Profile

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.