VTEX (NYSE:VTEX) Stock Rating Lowered by Wall Street Zen

VTEX (NYSE:VTEX) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Sunday.

A number of other analysts have also commented on VTEX. UBS Group lowered their target price on shares of VTEX from $10.00 to $8.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Jefferies Financial Group raised VTEX from a “hold” rating to a “buy” rating and cut their target price for the company from $7.30 to $6.50 in a research note on Wednesday, September 17th. JPMorgan Chase & Co. decreased their target price on VTEX from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of VTEX in a research note on Tuesday, October 14th. Finally, The Goldman Sachs Group began coverage on shares of VTEX in a research note on Wednesday, October 15th. They set a “buy” rating and a $5.30 price objective on the stock. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, VTEX currently has an average rating of “Moderate Buy” and a consensus target price of $6.96.

VTEX Price Performance

Shares of VTEX stock opened at $3.79 on Friday. VTEX has a 52 week low of $3.65 and a 52 week high of $6.93. The stock has a market capitalization of $691.90 million, a PE ratio of 42.06 and a beta of 1.34. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.10 and a current ratio of 3.10. The stock’s fifty day moving average is $4.16 and its 200-day moving average is $4.96.

VTEX (NYSE:VTEX) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. VTEX had a net margin of 7.03% and a return on equity of 6.63%. The business had revenue of $59.61 million for the quarter, compared to the consensus estimate of $59.80 million. During the same quarter in the prior year, the company earned $0.02 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Equities research analysts expect that VTEX will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On VTEX

Several institutional investors and hedge funds have recently modified their holdings of the business. Ameritas Investment Partners Inc. acquired a new position in VTEX during the second quarter worth $39,000. Aquatic Capital Management LLC bought a new stake in VTEX during the 3rd quarter worth about $41,000. Virtu Financial LLC acquired a new position in shares of VTEX during the 3rd quarter worth about $51,000. Sherbrooke Park Advisers LLC bought a new position in shares of VTEX in the 3rd quarter valued at about $54,000. Finally, State of Wyoming acquired a new stake in shares of VTEX in the second quarter valued at about $59,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

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.