VTEX (NYSE:VTEX) Upgraded to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of VTEX (NYSE:VTEX) from a buy rating to a strong-buy rating in a research note released on Saturday morning,Wall Street Zen reports.

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

VTEX Price Performance

VTEX stock opened at $3.65 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.91 and a current ratio of 2.91. VTEX has a 52 week low of $2.84 and a 52 week high of $4.62. The stock has a market capitalization of $623.14 million, a P/E ratio of 22.85, a price-to-earnings-growth ratio of 0.46 and a beta of 0.94. The stock has a fifty day moving average of $3.79 and a 200-day moving average of $3.84.

VTEX (NYSE:VTEX) last released its earnings results on Friday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $64.39 million for the quarter, compared to analysts’ expectations of $64.69 million. On average, sell-side analysts expect that VTEX will post 0.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider André Spolidoro sold 15,000 shares of VTEX stock in a transaction 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 owned 301,431 shares in the company, valued at approximately $1,217,781.24. The trade was a 4.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alejandro Scannapieco sold 11,994 shares of VTEX stock in a transaction on Monday, August 24th. The stock was sold at an average price of $3.67, for a total transaction of $44,017.98. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 78,074 shares of company stock worth $314,764 over the last three months. Insiders own 40.93% of the company’s stock.

Institutional Trading of VTEX

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Summit Securities Group LLC acquired a new position in VTEX during the 1st quarter worth about $29,000. AXQ Capital LP acquired a new stake in shares of VTEX in the second quarter valued at about $47,000. Corient Private Wealth LP acquired a new stake in shares of VTEX in the second quarter valued at about $58,000. Public Employees Retirement System of Ohio bought a new position in shares of VTEX during the second quarter worth about $67,000. Finally, State of Wyoming bought a new position in shares of VTEX during the first quarter worth about $70,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

About VTEX

VTEX is a global digital commerce technology company that provides a cloud-based platform for retailers and consumer brands. Its software is designed to support online stores, marketplaces and unified commerce operations, helping businesses manage digital sales across multiple channels and customer touchpoints.

The VTEX platform includes capabilities for catalog and content management, pricing and promotions, checkout, payments, order management, customer experience and marketplace operations.