UBS Group Boosts VTEX (NYSE:VTEX) Price Target to $12.00

VTEX (NYSE:VTEX) had its price objective hoisted by UBS Group from $8.50 to $12.00 in a research report report published on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts also recently weighed in on the company. Bank of America boosted their target price on VTEX from $8.50 to $12.00 and gave the stock a buy rating in a research report on Monday, January 22nd. Piper Sandler boosted their target price on VTEX from $9.00 to $10.00 and gave the stock an overweight rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. boosted their target price on VTEX from $6.50 to $9.00 and gave the stock a neutral rating in a research report on Friday, March 1st. Finally, Morgan Stanley upgraded VTEX from an equal weight rating to an overweight rating and boosted their target price for the stock from $5.50 to $8.00 in a research report on Friday, January 5th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $8.44.

VTEX Stock Down 1.7 %

VTEX stock opened at $8.22 on Monday. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.51 billion, a PE ratio of -117.41 and a beta of 1.42. VTEX has a twelve month low of $3.24 and a twelve month high of $9.59. The stock has a 50-day simple moving average of $8.12 and a two-hundred day simple moving average of $6.84.

VTEX (NYSE:VTEX) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.02 EPS for the quarter. VTEX had a negative return on equity of 5.16% and a negative net margin of 6.48%. The company had revenue of $60.70 million during the quarter, compared to analyst estimates of $57.07 million. The business’s revenue was up 33.4% compared to the same quarter last year. On average, equities analysts predict that VTEX will post -0.03 EPS for the current fiscal year.

Institutional Trading of VTEX

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Exchange Traded Concepts LLC purchased a new position in shares of VTEX during the fourth quarter valued at approximately $28,000. Dynamo Internacional Gestao DE Recursos LTDA. increased its stake in shares of VTEX by 106.6% during the third quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 6,611,822 shares of the company’s stock valued at $33,125,000 after buying an additional 3,410,937 shares during the period. Quadrature Capital Ltd increased its stake in shares of VTEX by 143.9% during the third quarter. Quadrature Capital Ltd now owns 149,050 shares of the company’s stock valued at $746,000 after buying an additional 87,947 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of VTEX during the third quarter valued at approximately $53,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of VTEX by 57.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,187 shares of the company’s stock valued at $287,000 after buying an additional 20,780 shares during the period. Institutional investors own 63.69% of the company’s stock.

VTEX Company Profile

VTEX provides software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce strategy, including building online stores, integrating, and managing orders across channels, and creating marketplaces to sell products from third-party vendors.