VTEX (NYSE:VTEX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of VTEX (NYSE:VTEX) have been given an average rating of “Moderate Buy” by the six analysts that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $6.96.

Several equities analysts have issued reports on VTEX shares. The Goldman Sachs Group assumed coverage on VTEX in a research report on Wednesday, October 15th. They issued a “buy” rating and a $5.30 price objective for the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of VTEX in a report on Tuesday, October 14th. Jefferies Financial Group raised shares of VTEX from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $7.30 to $6.50 in a report on Wednesday, September 17th. Wall Street Zen cut shares of VTEX from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. dropped their target price on shares of VTEX from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Monday, November 10th.

VTEX Price Performance

Shares of VTEX stock opened at $3.66 on Friday. The stock has a market capitalization of $668.13 million, a price-to-earnings ratio of 40.62 and a beta of 1.34. The firm’s 50-day moving average price is $3.90 and its two-hundred day moving average price is $4.59. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.01. VTEX has a 1-year low of $3.53 and a 1-year high of $6.93.

VTEX (NYSE:VTEX) last announced its earnings results on Thursday, November 6th. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $59.61 million for the quarter, compared to the consensus estimate of $59.80 million. VTEX had a return on equity of 6.63% and a net margin of 7.03%.VTEX’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.02 EPS. On average, equities analysts predict that VTEX will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Polar Capital Holdings Plc increased its stake in shares of VTEX by 11.9% in the 3rd quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company’s stock valued at $30,809,000 after buying an additional 748,712 shares during the period. Artisan Partners Limited Partnership boosted its holdings in VTEX by 8.6% in the second quarter. Artisan Partners Limited Partnership now owns 1,596,050 shares of the company’s stock valued at $10,534,000 after acquiring an additional 126,875 shares during the last quarter. Millennium Management LLC increased its position in VTEX by 202.5% in the third quarter. Millennium Management LLC now owns 1,530,983 shares of the company’s stock worth $6,706,000 after purchasing an additional 1,024,911 shares during the period. Citadel Advisors LLC increased its position in VTEX by 524.5% in the third quarter. Citadel Advisors LLC now owns 1,012,225 shares of the company’s stock worth $4,434,000 after purchasing an additional 850,132 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new stake in VTEX during the 3rd quarter worth about $4,412,000. 63.69% of the stock is currently owned by institutional investors.

VTEX Company Profile

VTEX is a global commerce platform provider that offers a full suite of software-as-a-service (SaaS) solutions designed to power online retail and marketplace operations. Its cloud-native platform combines e-commerce, order management and marketplace capabilities in a single environment, enabling brands and retailers to launch and scale digital commerce initiatives without the need for extensive in-house infrastructure. The company’s API-first architecture and microservices design support headless implementations, allowing businesses to integrate front-end experiences, third-party applications and custom modules with minimal development overhead.

Founded in 1999 and headquartered in São Paulo, Brazil, VTEX has expanded its reach to serve customers across Latin America, North America, Europe and Asia-Pacific.