VTEX (NYSE:VTEX) Receives Average Rating of “Moderate Buy” from Brokerages

VTEX (NYSE:VTEX) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $8.44.

A number of equities research analysts recently weighed in on VTEX shares. UBS Group lifted their target price on VTEX from $8.50 to $12.00 and gave the stock a “buy” rating in a research report on Monday. Bank of America lifted 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 lifted 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. Morgan Stanley raised VTEX from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $5.50 to $8.00 in a research report on Friday, January 5th. Finally, JPMorgan Chase & Co. lifted their price objective on VTEX from $6.50 to $9.00 and gave the company a “neutral” rating in a report on Friday, March 1st.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Dynamo Internacional Gestao DE Recursos LTDA. raised its stake in shares of VTEX by 106.6% in 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 acquiring an additional 3,410,937 shares during the last quarter. Capital Research Global Investors raised its stake in shares of VTEX by 19.3% in the first quarter. Capital Research Global Investors now owns 4,129,649 shares of the company’s stock valued at $25,397,000 after acquiring an additional 667,849 shares during the last quarter. Fourth Sail Capital LP bought a new position in shares of VTEX in the fourth quarter valued at approximately $22,122,000. Bank of New York Mellon Corp bought a new position in shares of VTEX in the first quarter valued at approximately $8,747,000. Finally, Absoluto Partners Gestao de Recursos Ltda bought a new position in shares of VTEX in the fourth quarter valued at approximately $7,899,000. Institutional investors own 63.69% of the company’s stock.

VTEX Trading Down 1.7 %

Shares of NYSE:VTEX opened at $8.22 on Friday. The company has a market cap of $1.51 billion, a P/E ratio of -117.41 and a beta of 1.42. The stock’s 50-day moving average is $8.12 and its 200-day moving average is $6.84. VTEX has a 52-week low of $3.24 and a 52-week high of $9.59. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.45 and a current ratio of 3.45.

VTEX (NYSE:VTEX) last released its earnings results on Tuesday, February 27th. The company reported $0.02 earnings per share for the quarter. VTEX had a negative return on equity of 5.16% and a negative net margin of 6.48%. The business had revenue of $60.70 million for the quarter, compared to the consensus estimate of $57.07 million. VTEX’s revenue for the quarter was up 33.4% on a year-over-year basis. Equities research analysts predict that VTEX will post -0.03 earnings per share for the current year.

About VTEX

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.