Brokerages Set VTEX (NYSE:VTEX) Price Target at $5.07

VTEX (NYSE:VTEX) has received a consensus rating of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $4.6875.

A number of brokerages recently weighed in on VTEX. UBS Group upped their target price on shares of VTEX from $4.00 to $4.10 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Jefferies Financial Group reiterated a “buy” rating and issued a $5.10 price target on shares of VTEX in a report on Thursday. Weiss Ratings cut shares of 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 shares of VTEX and gave the company an “equal weight” rating in a report on Friday. Finally, Itau BBA Securities restated a “market perform” rating and set a $4.50 price objective on shares of VTEX in a research report on Tuesday, August 25th.

Insider Buying and Selling

In other VTEX news, Director Alejandro Raul Scannapieco sold 11,994 shares of VTEX stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $3.67, for a total value of $44,017.98. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Andre Spolidoro Ferreira Gomes sold 15,000 shares of VTEX stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $4.04, for a total value of $60,600.00. Following the completion of the sale, the insider directly owned 301,431 shares in the company, valued at approximately $1,217,781.24. The trade was a 4.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 97,306 shares of company stock valued at $392,076. 40.93% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Polar Capital Holdings Plc raised its stake in VTEX by 11.9% during the third quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company’s stock valued at $30,809,000 after purchasing an additional 748,712 shares in the last quarter. Millennium Management LLC grew its stake in shares of VTEX by 36.6% in the 4th quarter. Millennium Management LLC now owns 2,091,811 shares of the company’s stock worth $7,865,000 after buying an additional 560,828 shares in the last quarter. State Street Corp increased its holdings in shares of VTEX by 7.7% in the 4th quarter. State Street Corp now owns 1,590,672 shares of the company’s stock worth $5,981,000 after buying an additional 114,256 shares during the last quarter. Citadel Advisors LLC increased its holdings in shares of VTEX by 524.5% in the 3rd quarter. Citadel Advisors LLC now owns 1,012,225 shares of the company’s stock worth $4,434,000 after buying an additional 850,132 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of VTEX during the 3rd quarter valued at about $4,412,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

VTEX Stock Performance

NYSE:VTEX opened at $3.61 on Monday. The stock has a 50-day moving average price of $3.98 and a 200 day moving average price of $3.81. The stock has a market capitalization of $615.47 million, a P/E ratio of 22.56, a P/E/G ratio of 0.48 and a beta of 1.02. VTEX has a 12-month low of $2.84 and a 12-month high of $4.73. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.02.

VTEX (NYSE:VTEX) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. VTEX had a return on equity of 12.98% and a net margin of 11.98%.The company had revenue of $64.39 million for the quarter, compared to analysts’ expectations of $64.69 million. Equities research analysts forecast that VTEX will post 0.19 EPS for the current fiscal year.

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.