VTEX (NYSE:VTEX) Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of VTEX (NYSE:VTEX) from a strong-buy rating to a buy rating in a research note published on Saturday.

VTEX has been the subject of a number of other research reports. Weiss Ratings upgraded shares of VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, March 19th. UBS Group lowered shares of VTEX from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $8.00 to $4.00 in a report on Wednesday, January 14th. Finally, Brean Capital upgraded shares of VTEX from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a report on Wednesday, March 11th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $5.97.

VTEX Stock Down 1.1%

Shares of NYSE VTEX opened at $4.01 on Friday. The company has a 50 day simple moving average of $3.53 and a 200 day simple moving average of $3.84. The firm has a market cap of $692.82 million, a PE ratio of 36.41, a price-to-earnings-growth ratio of 0.59 and a beta of 1.17. VTEX has a 1 year low of $2.84 and a 1 year high of $6.82. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.04 and a quick ratio of 3.04.

VTEX (NYSE:VTEX) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. The business had revenue of $67.95 million during the quarter, compared to analyst estimates of $68.11 million. VTEX had a net margin of 8.32% and a return on equity of 8.24%. On average, research analysts forecast that VTEX will post 0.08 EPS for the current year.

Hedge Funds Weigh In On VTEX

Hedge funds and other institutional investors have recently bought and sold shares of the company. Legal & General Group Plc lifted its holdings in VTEX by 2,007.5% in the second quarter. Legal & General Group Plc now owns 276,995 shares of the company’s stock valued at $1,828,000 after buying an additional 263,852 shares during the period. Norges Bank acquired a new position in VTEX in the second quarter valued at $2,670,000. Principal Financial Group Inc. acquired a new position in VTEX in the third quarter valued at $735,000. FNY Investment Advisers LLC lifted its holdings in VTEX by 577.8% in the third quarter. FNY Investment Advisers LLC now owns 268,740 shares of the company’s stock valued at $1,177,000 after buying an additional 229,091 shares during the period. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in VTEX by 69.3% in the third quarter. Dynamic Technology Lab Private Ltd now owns 79,828 shares of the company’s stock valued at $350,000 after buying an additional 32,686 shares during the period. Institutional investors and hedge funds own 63.69% of the company’s stock.

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.