VTEX (NYSE:VTEX) Upgraded by Wall Street Zen to “Strong-Buy” Rating

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

VTEX has been the topic of several other reports. The Goldman Sachs Group assumed coverage on VTEX in a research report on Wednesday, October 15th. They set a “buy” rating and a $5.30 price target on the stock. JPMorgan Chase & Co. reduced their price target on shares of VTEX from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Jefferies Financial Group raised shares of VTEX from a “hold” rating to a “buy” rating and decreased their price target for the company from $7.30 to $6.50 in a report on Wednesday, September 17th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of VTEX in a research note on Tuesday, October 14th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $6.96.

VTEX Stock Performance

Shares of VTEX stock opened at $3.77 on Monday. 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 has a 1 year low of $3.65 and a 1 year high of $6.93. The firm’s 50-day simple moving average is $4.10 and its 200-day simple moving average is $4.88. The firm has a market cap of $689.16 million, a PE ratio of 41.89 and a beta of 1.33.

VTEX (NYSE:VTEX) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.03 earnings per share 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 during the quarter, compared to analyst estimates of $59.80 million. During the same period in the previous year, the company earned $0.02 earnings per share. VTEX’s quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts forecast that VTEX will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On VTEX

Several large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in shares of VTEX by 6.4% during the second quarter. Envestnet Asset Management Inc. now owns 36,156 shares of the company’s stock valued at $239,000 after buying an additional 2,169 shares during the last quarter. Van ECK Associates Corp grew its holdings in VTEX by 18.5% in the 3rd quarter. Van ECK Associates Corp now owns 30,759 shares of the company’s stock worth $135,000 after buying an additional 4,802 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in VTEX by 6.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 89,279 shares of the company’s stock valued at $589,000 after acquiring an additional 5,376 shares during the period. Ameritas Investment Partners Inc. bought a new stake in VTEX during the 2nd quarter valued at $39,000. Finally, State of Wyoming bought a new stake in VTEX during the 2nd quarter valued at $59,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

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.