Wall Street Zen Downgrades VTEX (NYSE:VTEX) to Buy

VTEX (NYSE:VTEX) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday, Wall Street Zen reports.

VTEX has been the topic of several other reports. Jefferies Financial Group reiterated a “buy” rating and issued a $5.10 price target on shares of VTEX in a research report on Thursday, August 27th. Bradesco Corretora downgraded shares of VTEX to a “neutral” rating and set a $4.50 price objective for the company. in a research report on Friday, August 7th. Weiss Ratings lowered VTEX from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Morgan Stanley set a $4.00 price objective on VTEX and gave the stock an “equal weight” rating in a research note on Friday, August 28th. Finally, Itau BBA Securities reaffirmed a “market perform” rating and issued a $4.50 target price on shares of VTEX in a report on Tuesday, August 25th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $4.69.

VTEX Trading Down 0.1%

VTEX stock opened at $3.60 on Friday. The business has a 50-day simple moving average of $3.91 and a two-hundred day simple moving average of $3.84. The company has a market cap of $612.91 million, a P/E ratio of 22.47, a P/E/G ratio of 0.45 and a beta of 0.99. VTEX has a 52-week low of $2.84 and a 52-week high of $4.73. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.02.

VTEX (NYSE:VTEX) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $64.39 million for the quarter, compared to analysts’ expectations of $64.69 million. VTEX had a net margin of 11.98% and a return on equity of 12.98%. Analysts predict that VTEX will post 0.21 EPS for the current year.

Insider Buying and Selling

In other VTEX news, Director Alejandro Scannapieco sold 11,994 shares of VTEX stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $3.67, for a total transaction of $44,017.98. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider André Spolidoro sold 15,000 shares of VTEX stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $4.04, for a total transaction of $60,600.00. Following the transaction, the insider directly owned 301,431 shares in the company, valued at $1,217,781.24. This represents a 4.74% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 97,306 shares of company stock worth $392,076. 40.93% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of VTEX. Price T Rowe Associates Inc. MD increased its holdings in VTEX by 11.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,306 shares of the company’s stock valued at $122,000 after acquiring an additional 3,389 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of VTEX by 18.5% during the 3rd quarter. Van ECK Associates Corp now owns 30,759 shares of the company’s stock valued at $135,000 after purchasing an additional 4,802 shares during the last quarter. Barclays PLC boosted its holdings in shares of VTEX by 6.3% during the 4th quarter. Barclays PLC now owns 87,792 shares of the company’s stock valued at $330,000 after purchasing an additional 5,169 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of VTEX during the 1st quarter valued at about $29,000. Finally, MQS Management LLC grew its position in shares of VTEX by 59.0% during the fourth quarter. MQS Management LLC now owns 23,512 shares of the company’s stock valued at $88,000 after purchasing an additional 8,722 shares in the last quarter. Institutional investors own 63.69% of the company’s stock.

VTEX Company Profile

VTEX is a global cloud commerce company that provides software for businesses to create, manage and expand digital commerce operations. Its platform supports online stores, marketplaces and unified commerce initiatives, helping companies connect digital and physical sales channels.

VTEX’s product offering includes commerce management, order management, marketplace capabilities, customer and seller tools, payments integrations, promotions, search and merchandising, and content management.