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

VTEX (NYSE:VTEX) has been assigned an average rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $6.96.

Several brokerages recently commented on VTEX. The Goldman Sachs Group initiated coverage on VTEX in a research report on Wednesday, October 15th. They issued a “buy” rating and a $5.30 target price for the company. Wall Street Zen raised shares of VTEX from a “buy” rating to a “strong-buy” rating in a report on Monday. JPMorgan Chase & Co. lowered their target price 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. Weiss Ratings reissued a “hold (c-)” rating on shares of VTEX in a research report on Tuesday, October 14th. Finally, Jefferies Financial Group upgraded shares of VTEX from a “hold” rating to a “buy” rating and cut their price target for the stock from $7.30 to $6.50 in a research note on Wednesday, September 17th.

VTEX Stock Up 1.3%

NYSE VTEX opened at $3.77 on Wednesday. VTEX has a twelve month low of $3.65 and a twelve month high of $6.93. The stock has a market cap of $689.16 million, a PE ratio of 41.89 and a beta of 1.33. The firm has a 50-day simple moving average of $4.10 and a 200 day simple moving average of $4.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.10 and a current ratio of 3.10.

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

Institutional Trading of VTEX

A number of large investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. acquired a new position in VTEX during the second quarter worth $39,000. State of Wyoming acquired a new stake in shares of VTEX during the 2nd quarter worth about $59,000. Aquatic Capital Management LLC acquired a new stake in shares of VTEX during the 3rd quarter worth about $41,000. Teacher Retirement System of Texas bought a new position in VTEX during the 2nd quarter valued at about $69,000. Finally, Savant Capital LLC acquired a new position in VTEX in the second quarter valued at about $70,000. 63.69% of the stock is currently owned by institutional investors.

VTEX Company Profile

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.