VTEX (NYSE:VTEX) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of VTEX (NYSE:VTEXGet Rating) from a hold rating to a sell rating in a research note published on Wednesday, Zacks.com reports.

According to Zacks, “VTEX provides a software-as-a-service digital commerce platform for enterprise brands and retailers. The company’s platform enables customers to execute commerce strategy, including building online stores, integrating and managing orders across channels and creating marketplaces to sell products from third-party vendors. VTEX is based in NEW YORK. “

Several other brokerages have also recently weighed in on VTEX. Piper Sandler lowered their price target on shares of VTEX from $13.00 to $11.00 and set an overweight rating for the company in a research report on Monday, April 25th. KeyCorp lowered their price target on shares of VTEX from $25.00 to $10.00 and set an overweight rating for the company in a research report on Tuesday, January 25th. Finally, Credit Suisse Group raised shares of VTEX from a neutral rating to an outperform rating and lowered their price target for the stock from $10.00 to $8.00 in a research report on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Buy and a consensus target price of $20.84.

VTEX stock opened at $4.60 on Wednesday. The stock has a market cap of $861.39 million and a price-to-earnings ratio of -12.43. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.48 and a quick ratio of 5.48. VTEX has a 1 year low of $3.71 and a 1 year high of $33.36. The firm has a 50-day moving average of $5.52 and a two-hundred day moving average of $8.50.

VTEX (NYSE:VTEXGet Rating) last released its quarterly earnings data on Thursday, February 24th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.04. VTEX had a negative net margin of 49.92% and a negative return on equity of 26.02%. The company had revenue of $37.12 million during the quarter, compared to analysts’ expectations of $36.32 million. Research analysts expect that VTEX will post -0.26 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of VTEX. BlackRock Inc. acquired a new position in VTEX during the 3rd quarter valued at approximately $206,000. Citigroup Inc. acquired a new position in VTEX during the 3rd quarter valued at approximately $2,120,000. Goldman Sachs Group Inc. acquired a new position in VTEX during the 3rd quarter valued at approximately $43,799,000. US Bancorp DE acquired a new position in VTEX during the 3rd quarter valued at approximately $39,000. Finally, Ghisallo Capital Management LLC acquired a new position in VTEX during the 3rd quarter valued at approximately $4,114,000. Institutional investors and hedge funds own 48.60% of the company’s stock.

About VTEX (Get Rating)

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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