VTEX (NYSE:VTEX) Upgraded at Wall Street Zen

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

A number of other research firms have also recently weighed in on VTEX. JPMorgan Chase & Co. lowered their price target on VTEX from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of VTEX in a report on Friday, January 9th. Finally, UBS Group cut VTEX from a “buy” rating to a “neutral” rating and dropped their price target for the company from $8.00 to $4.00 in a research report on Wednesday, January 14th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $6.16.

VTEX Trading Up 2.1%

Shares of VTEX stock opened at $3.17 on Friday. The company has a 50-day moving average of $3.52 and a two-hundred day moving average of $4.06. VTEX has a 12-month low of $2.99 and a 12-month high of $6.89. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.01. The stock has a market cap of $578.56 million, a PE ratio of 35.17 and a beta of 1.34.

Hedge Funds Weigh In On VTEX

Hedge funds have recently bought and sold shares of the stock. Millennium Management LLC lifted its position in shares of VTEX by 202.5% in the third quarter. Millennium Management LLC now owns 1,530,983 shares of the company’s stock valued at $6,706,000 after acquiring an additional 1,024,911 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in VTEX in the 3rd quarter valued at about $4,412,000. Citadel Advisors LLC raised its stake in VTEX by 524.5% in the 3rd quarter. Citadel Advisors LLC now owns 1,012,225 shares of the company’s stock valued at $4,434,000 after purchasing an additional 850,132 shares during the last quarter. Polar Capital Holdings Plc lifted its holdings in VTEX by 11.9% in the 3rd quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company’s stock valued at $30,809,000 after purchasing an additional 748,712 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. boosted its stake in shares of VTEX by 1,301.0% during the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 746,757 shares of the company’s stock worth $4,929,000 after purchasing an additional 693,457 shares during the last quarter. Hedge funds and other institutional investors 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.