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

Shares of VTEX (NYSE:VTEX) have received an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $5.9833.

Several research analysts have recently weighed in on VTEX shares. Weiss Ratings raised VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 21st. Wall Street Zen raised VTEX from a “buy” rating to a “strong-buy” rating in a research report on Sunday, April 12th. Brean Capital raised 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. Finally, UBS Group lifted their price objective on VTEX from $4.00 to $4.10 and gave the stock a “neutral” rating in a research report on Friday, May 8th.

VTEX Trading Up 0.1%

VTEX stock opened at $3.54 on Wednesday. The stock has a 50-day moving average price of $3.85 and a 200-day moving average price of $3.69. VTEX has a 1-year low of $2.84 and a 1-year high of $6.82. The firm has a market cap of $602.68 million, a PE ratio of 29.46, a price-to-earnings-growth ratio of 0.49 and a beta of 1.05.

VTEX (NYSE:VTEX) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). VTEX had a return on equity of 9.68% and a net margin of 9.40%.The business had revenue of $60.70 million during the quarter, compared to the consensus estimate of $60.65 million. On average, analysts forecast that VTEX will post 0.19 earnings per share for the current year.

Insider Buying and Selling at VTEX

In other news, Director Alejandro Raul Scannapieco sold 15,937 shares of VTEX stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $3.59, for a total value of $57,213.83. Following the completion of the transaction, the director directly owned 9,965 shares of the company’s stock, valued at approximately $35,774.35. This trade represents a 61.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 86,249 shares of company stock valued at $340,407. Company insiders own 40.93% of the company’s stock.

Institutional Trading of VTEX

Several large investors have recently made changes to their positions in VTEX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of VTEX by 37.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,822 shares of the company’s stock valued at $187,000 after buying an additional 10,110 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of VTEX by 61.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 220,758 shares of the company’s stock valued at $1,119,000 after buying an additional 84,189 shares during the period. Jane Street Group LLC grew its stake in shares of VTEX by 1,570.1% in the 1st quarter. Jane Street Group LLC now owns 187,146 shares of the company’s stock valued at $949,000 after buying an additional 175,940 shares during the period. Geode Capital Management LLC acquired a new stake in shares of VTEX in the 2nd quarter valued at about $4,543,000. Finally, Rhumbline Advisers acquired a new stake in shares of VTEX in the 2nd quarter valued at about $392,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

About VTEX

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.