VTEX (NYSE:VTEX) Now Covered by Analysts at Citigroup

Citigroup initiated coverage on shares of VTEX (NYSE:VTEXFree Report) in a research report released on Monday, Marketbeat.com reports. The brokerage issued a buy rating and a $10.00 price objective on the stock.

A number of other research analysts have also recently issued reports on VTEX. JPMorgan Chase & Co. lifted their price objective on shares of VTEX from $6.50 to $7.50 and gave the company an “overweight” rating in a report on Tuesday, May 27th. UBS Group lowered their price objective on shares of VTEX from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, June 13th. Wall Street Zen raised shares of VTEX from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Jefferies Financial Group started coverage on shares of VTEX in a research report on Thursday, May 22nd. They issued a “hold” rating and a $7.30 price objective on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $8.70.

View Our Latest Analysis on VTEX

VTEX Price Performance

VTEX stock opened at $6.52 on Monday. The company has a fifty day moving average price of $6.01 and a 200-day moving average price of $5.78. The company has a market capitalization of $1.19 billion, a P/E ratio of 72.45 and a beta of 1.36. VTEX has a 52-week low of $4.20 and a 52-week high of $8.03. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.39 and a current ratio of 3.39.

VTEX (NYSE:VTEXGet Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company had revenue of $54.20 million during the quarter, compared to analysts’ expectations of $52.81 million. VTEX had a net margin of 6.70% and a return on equity of 6.03%. As a group, equities analysts expect that VTEX will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of VTEX during the 4th quarter worth approximately $33,000. State of Wyoming bought a new stake in shares of VTEX during the fourth quarter valued at approximately $45,000. SBI Securities Co. Ltd. bought a new stake in shares of VTEX during the fourth quarter valued at approximately $59,000. Occudo Quantitative Strategies LP bought a new stake in shares of VTEX during the fourth quarter valued at approximately $81,000. Finally, Graham Capital Management L.P. purchased a new stake in VTEX in the fourth quarter worth approximately $101,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

About VTEX

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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.

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