VTEX (NYSE:VTEX) PT Raised to $12.00 at UBS Group

VTEX (NYSE:VTEX) had its price objective boosted by UBS Group from $8.50 to $12.00 in a research note published on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently commented on the company. Morgan Stanley upgraded VTEX from an equal weight rating to an overweight rating and boosted their target price for the stock from $5.50 to $8.00 in a research report on Friday, January 5th. Piper Sandler boosted their target price on VTEX from $9.00 to $10.00 and gave the stock an overweight rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. boosted their target price on VTEX from $6.50 to $9.00 and gave the stock a neutral rating in a research report on Friday, March 1st. Finally, Bank of America boosted their target price on VTEX from $8.50 to $12.00 and gave the stock a buy rating in a research report on Monday, January 22nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, VTEX has an average rating of Moderate Buy and a consensus target price of $8.44.

VTEX Stock Down 0.9 %

VTEX stock opened at $8.15 on Monday. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.01. VTEX has a 1-year low of $3.24 and a 1-year high of $9.59. The stock has a market cap of $1.50 billion, a P/E ratio of -116.43 and a beta of 1.42. The stock’s fifty day simple moving average is $8.13 and its two-hundred day simple moving average is $6.85.

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

Hedge Funds Weigh In On VTEX

A number of hedge funds and other institutional investors have recently modified their holdings of VTEX. Exchange Traded Concepts LLC purchased a new stake in VTEX during the 4th quarter valued at about $28,000. State of Wyoming bought a new position in shares of VTEX in the 2nd quarter worth approximately $34,000. Fox Run Management L.L.C. bought a new position in VTEX during the 3rd quarter valued at approximately $53,000. UBS Group AG increased its position in VTEX by 137.2% during the 4th quarter. UBS Group AG now owns 14,260 shares of the company’s stock valued at $53,000 after buying an additional 8,247 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in VTEX during the 4th quarter valued at $56,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

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.