VTEX (NYSE:VTEX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of VTEX (NYSE:VTEX) have earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $5.9667.

A number of equities analysts have commented on VTEX shares. UBS Group cut VTEX from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $8.00 to $4.00 in a research note on Wednesday, January 14th. Weiss Ratings upgraded shares of VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, March 19th. Wall Street Zen upgraded shares of VTEX from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. Finally, Brean Capital raised shares of VTEX from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Wednesday, March 11th.

VTEX Trading Down 2.6%

Shares of NYSE:VTEX traded down $0.11 on Friday, reaching $3.87. 259,185 shares of the company traded hands, compared to its average volume of 1,215,547. The stock has a market capitalization of $668.62 million, a P/E ratio of 35.06, a price-to-earnings-growth ratio of 0.58 and a beta of 1.31. The business’s 50-day simple moving average is $3.43 and its 200 day simple moving average is $3.86. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 0.01. VTEX has a 52 week low of $2.84 and a 52 week high of $6.82.

VTEX (NYSE:VTEX) last released its earnings results on Thursday, February 26th. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The company had revenue of $67.95 million during the quarter, compared to analyst estimates of $68.11 million. VTEX had a return on equity of 8.24% and a net margin of 8.32%. As a group, equities analysts anticipate that VTEX will post 0.08 EPS for the current fiscal year.

Institutional Trading of VTEX

Several large investors have recently modified their holdings of the business. XTX Topco Ltd increased its holdings in VTEX by 32.0% during the 4th quarter. XTX Topco Ltd now owns 335,538 shares of the company’s stock valued at $1,262,000 after purchasing an additional 81,371 shares during the period. nVerses Capital LLC purchased a new stake in VTEX in the 4th quarter worth approximately $49,000. Polymer Capital Management US LLC bought a new stake in shares of VTEX in the 4th quarter worth approximately $212,000. Numerai GP LLC increased its stake in shares of VTEX by 363.7% during the fourth quarter. Numerai GP LLC now owns 127,381 shares of the company’s stock valued at $479,000 after buying an additional 99,913 shares during the period. Finally, Millennium Management LLC increased its stake in shares of VTEX by 36.6% during the fourth quarter. Millennium Management LLC now owns 2,091,811 shares of the company’s stock valued at $7,865,000 after buying an additional 560,828 shares during the period. 63.69% of the stock is 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.