VTEX (NYSE:VTEX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of VTEX (NYSE:VTEX) have received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $5.9667.

Several equities research analysts have issued reports on VTEX shares. UBS Group cut shares of VTEX from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $8.00 to $4.00 in a research note on Wednesday, January 14th. Brean Capital raised shares of VTEX from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research report on Wednesday, March 11th. Wall Street Zen raised shares of VTEX from a “buy” rating to a “strong-buy” rating in a research report on Sunday, April 12th. Finally, Weiss Ratings raised shares of VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, April 22nd.

Institutional Investors Weigh In On VTEX

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its position in shares of VTEX by 11.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,306 shares of the company’s stock worth $122,000 after purchasing an additional 3,389 shares in the last quarter. Van ECK Associates Corp lifted its position in VTEX by 18.5% in the 3rd quarter. Van ECK Associates Corp now owns 30,759 shares of the company’s stock worth $135,000 after buying an additional 4,802 shares in the last quarter. Barclays PLC lifted its position in VTEX by 6.3% in the 4th quarter. Barclays PLC now owns 87,792 shares of the company’s stock worth $330,000 after buying an additional 5,169 shares in the last quarter. MQS Management LLC grew its stake in shares of VTEX by 59.0% in the 4th quarter. MQS Management LLC now owns 23,512 shares of the company’s stock valued at $88,000 after buying an additional 8,722 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of VTEX in the 2nd quarter valued at approximately $59,000. 63.69% of the stock is currently owned by institutional investors.

VTEX Stock Up 0.1%

Shares of NYSE:VTEX opened at $4.04 on Tuesday. The company has a market capitalization of $698.01 million, a PE ratio of 36.69, a P/E/G ratio of 0.59 and a beta of 1.17. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 0.01. VTEX has a twelve month low of $2.84 and a twelve month high of $6.82. The firm has a 50 day simple moving average of $3.80 and a 200-day simple moving average of $3.80.

VTEX (NYSE:VTEX) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $67.95 million during the quarter, compared to the consensus estimate of $68.11 million. VTEX had a net margin of 8.32% and a return on equity of 8.24%. On average, equities analysts predict that VTEX will post 0.18 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.