VTEX (NYSE:VTEX) Receives Consensus Rating of “Moderate Buy” from Brokerages

VTEX (NYSE:VTEX) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $5.18.

Several brokerages recently weighed in on VTEX. Weiss Ratings raised shares of VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 21st. Wall Street Zen raised shares of VTEX from a “buy” rating to a “strong-buy” rating in a research report on Sunday, April 12th. Finally, UBS Group raised their price target on shares of VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a report on Friday, May 8th.

VTEX Trading Up 0.9%

NYSE VTEX opened at $3.98 on Friday. VTEX has a 1-year low of $2.84 and a 1-year high of $6.82. The company has a market capitalization of $677.70 million, a PE ratio of 33.12, a price-to-earnings-growth ratio of 0.55 and a beta of 1.03. The firm’s fifty day simple moving average is $3.74 and its 200-day simple moving average is $3.67.

VTEX (NYSE:VTEX) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $60.70 million for the quarter, compared to analyst estimates of $60.65 million. VTEX had a net margin of 9.40% and a return on equity of 9.68%. As a group, analysts predict that VTEX will post 0.19 EPS for the current year.

Insiders Place Their Bets

In other VTEX news, Director Alejandro Raul Scannapieco sold 15,937 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $3.59, for a total value of $57,213.83. Following the completion of the sale, the director owned 9,965 shares of the company’s stock, valued at $35,774.35. The trade was a 61.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 95,865 shares of company stock worth $379,352 in the last 90 days. 40.93% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VTEX. Summit Securities Group LLC bought a new position in shares of VTEX in the 1st quarter valued at approximately $29,000. State of Wyoming acquired a new position in VTEX during the second quarter valued at approximately $59,000. Aquatic Capital Management LLC bought a new position in shares of VTEX in the third quarter valued at approximately $41,000. ProShare Advisors LLC bought a new position in shares of VTEX in the fourth quarter valued at approximately $39,000. Finally, Ieq Capital LLC bought a new position in shares of VTEX in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

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.