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

VTEX (NYSE:VTEX) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $5.9833.

VTEX has been the topic of a number of research reports. Wall Street Zen upgraded VTEX from a “buy” rating to a “strong-buy” rating in a research note on Sunday, April 12th. UBS Group raised their price target on VTEX from $4.00 to $4.10 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Brean Capital upgraded VTEX from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research note on Wednesday, March 11th. Finally, Weiss Ratings raised VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 21st.

VTEX Price Performance

VTEX stock opened at $3.64 on Wednesday. The company has a market cap of $620.58 million, a P/E ratio of 30.33, a price-to-earnings-growth ratio of 0.50 and a beta of 1.05. VTEX has a 1 year low of $2.84 and a 1 year high of $6.82. The stock’s fifty day moving average price is $3.80 and its 200-day moving average price is $3.68.

VTEX (NYSE:VTEX) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The firm had revenue of $60.70 million during the quarter, compared to analysts’ expectations of $60.65 million. VTEX had a return on equity of 9.68% and a net margin of 9.40%. As a group, analysts expect that VTEX will post 0.19 earnings per share for the current year.

Insider Activity at VTEX

In other VTEX news, Director Alejandro Raul Scannapieco sold 15,937 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $3.59, for a total transaction of $57,213.83. Following the sale, the director directly owned 9,965 shares of the company’s stock, valued at $35,774.35. This trade represents a 61.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 86,249 shares of company stock valued at $340,407 over the last 90 days. 40.93% of the stock is owned by company insiders.

Institutional Investors Weigh In On VTEX

Several large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in shares of VTEX by 56.0% during the first quarter. Bank of America Corp DE now owns 683,062 shares of the company’s stock valued at $2,732,000 after buying an additional 245,306 shares during the period. Sei Investments Co. purchased a new stake in shares of VTEX in the first quarter valued at approximately $844,000. Globeflex Capital L P purchased a new stake in shares of VTEX in the first quarter valued at approximately $1,144,000. State of Wyoming purchased a new stake in shares of VTEX in the first quarter valued at approximately $70,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of VTEX by 32.2% in the first quarter. Principal Financial Group Inc. now owns 330,139 shares of the company’s stock valued at $1,321,000 after purchasing an additional 80,460 shares during the period. 63.69% of the stock is owned by institutional investors.

About VTEX

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.