VTEX (NYSE:VTEX) Receives $6.16 Consensus Target Price from Brokerages

VTEX (NYSE:VTEX) has earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $6.16.

Several equities research analysts recently issued reports on VTEX shares. The Goldman Sachs Group initiated coverage on VTEX in a report on Wednesday, October 15th. They set a “buy” rating and a $5.30 price target for the company. UBS Group lowered shares of VTEX from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $8.00 to $4.00 in a research note on Wednesday, January 14th. JPMorgan Chase & Co. dropped 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. Wall Street Zen cut shares of VTEX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 10th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of VTEX in a research note on Friday, January 9th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VTEX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of VTEX by 37.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,822 shares of the company’s stock worth $187,000 after buying an additional 10,110 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of VTEX by 61.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 220,758 shares of the company’s stock valued at $1,119,000 after acquiring an additional 84,189 shares during the period. Jane Street Group LLC increased its stake in shares of VTEX by 1,570.1% during the 1st quarter. Jane Street Group LLC now owns 187,146 shares of the company’s stock worth $949,000 after purchasing an additional 175,940 shares during the last quarter. Aberdeen Group plc raised its holdings in shares of VTEX by 39.0% in the 2nd quarter. Aberdeen Group plc now owns 368,962 shares of the company’s stock worth $2,474,000 after purchasing an additional 103,449 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in VTEX by 6.4% in the second quarter. Envestnet Asset Management Inc. now owns 36,156 shares of the company’s stock valued at $239,000 after purchasing an additional 2,169 shares during the last quarter. Institutional investors own 63.69% of the company’s stock.

VTEX Price Performance

Shares of NYSE VTEX opened at $3.25 on Thursday. The stock has a market cap of $593.19 million, a price-to-earnings ratio of 36.06 and a beta of 1.34. 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 fifty-two week low of $2.99 and a fifty-two week high of $6.89. The firm’s 50-day simple moving average is $3.59 and its 200 day simple moving average is $4.12.

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.