VTEX (NYSE:VTEX) Receives $8.44 Average Price Target from Brokerages

Shares of VTEX (NYSE:VTEX) have been assigned an average recommendation of “Moderate Buy” from the seven ratings 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 issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $8.44.

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

Institutional Investors Weigh In On VTEX

Institutional investors have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC purchased a new stake in VTEX during the 4th quarter valued at $28,000. Dynamo Internacional Gestao DE Recursos LTDA. lifted its position in shares of VTEX by 106.6% in the 3rd quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 6,611,822 shares of the company’s stock worth $33,125,000 after purchasing an additional 3,410,937 shares during the period. Quadrature Capital Ltd lifted its position in shares of VTEX by 143.9% in the 3rd quarter. Quadrature Capital Ltd now owns 149,050 shares of the company’s stock worth $746,000 after purchasing an additional 87,947 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of VTEX in the 3rd quarter worth about $53,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of VTEX by 57.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,187 shares of the company’s stock worth $287,000 after purchasing an additional 20,780 shares during the period. Hedge funds and other institutional investors own 63.69% of the company’s stock.

VTEX Price Performance

Shares of NYSE:VTEX opened at $7.30 on Wednesday. The company’s fifty day moving average price is $8.12 and its 200-day moving average price is $7.22. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of -104.27 and a beta of 1.41. VTEX has a one year low of $3.24 and a one year high of $9.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.45 and a quick ratio of 3.45.

VTEX (NYSE:VTEX) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.02 EPS for the quarter. The firm 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 company’s revenue was up 33.4% compared to the same quarter last year. On average, equities research analysts anticipate that VTEX will post -0.03 earnings per share for the current fiscal year.

About VTEX

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.