VTEX (NYSE:VTEX) Given Consensus Rating of “Moderate Buy” by Brokerages

VTEX (NYSE:VTEX) has been assigned an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $8.44.

Several equities research analysts recently issued reports on VTEX shares. Piper Sandler lifted their price target on shares of VTEX from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Bank of America upped their price target on shares of VTEX from $8.50 to $12.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. UBS Group boosted their target price on shares of VTEX from $8.50 to $12.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Morgan Stanley upgraded shares of VTEX from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $5.50 to $8.00 in a report on Friday, January 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of VTEX from $6.50 to $9.00 and gave the company a “neutral” rating in a research note on Friday, March 1st.

Hedge Funds Weigh In On VTEX

A number of institutional investors have recently modified their holdings of VTEX. Dynamo Internacional Gestao DE Recursos LTDA. raised its stake in shares of VTEX by 106.6% in the third quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 6,611,822 shares of the company’s stock worth $33,125,000 after acquiring an additional 3,410,937 shares during the last quarter. Fourth Sail Capital LP bought a new position in shares of VTEX in the fourth quarter worth about $22,122,000. Bank of New York Mellon Corp bought a new position in shares of VTEX in the first quarter worth about $8,747,000. Absoluto Partners Gestao de Recursos Ltda acquired a new stake in shares of VTEX during the 4th quarter worth approximately $7,899,000. Finally, Capital Research Global Investors grew its position in shares of VTEX by 19.3% during the 1st quarter. Capital Research Global Investors now owns 4,129,649 shares of the company’s stock worth $25,397,000 after buying an additional 667,849 shares during the period. 63.69% of the stock is owned by institutional investors.

VTEX Stock Down 0.5 %

Shares of VTEX opened at $7.44 on Wednesday. The firm has a market cap of $1.37 billion, a PE ratio of -106.27 and a beta of 1.41. The company’s fifty day moving average is $8.14 and its two-hundred day moving average is $7.13. VTEX has a fifty-two week low of $3.24 and a fifty-two week high of $9.59. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.01.

VTEX (NYSE:VTEX) last posted its earnings results on Tuesday, February 27th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $60.70 million for the quarter, compared to analyst estimates of $57.07 million. VTEX had a negative net margin of 6.48% and a negative return on equity of 5.16%. The business’s revenue was up 33.4% compared to the same quarter last year. Analysts forecast that VTEX will post -0.03 earnings per share for the current year.

VTEX Company Profile

VTEX provides software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce strategy, including building online stores, integrating, and managing orders across channels, and creating marketplaces to sell products from third-party vendors.