VTEX (NYSE:VTEX) Stock Has Average Price Target of $4.69 According to Analysts

Shares of VTEX (NYSE:VTEX) have been given an average rating of “Hold” by the eight research firms that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $4.60.

Several research firms have issued reports on VTEX. Bradesco Corretora lowered shares of VTEX to a “neutral” rating and set a $4.50 price target on the stock. in a report on Friday, August 7th. Weiss Ratings lowered VTEX from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Jefferies Financial Group reiterated a “buy” rating and set a $5.10 price objective on shares of VTEX in a report on Thursday, August 27th. Morgan Stanley set a $4.00 price objective on VTEX and gave the stock an “equal weight” rating in a research report on Friday, August 28th. Finally, Itau BBA Securities reissued a “market perform” rating and issued a $4.50 price objective on shares of VTEX in a research report on Tuesday, August 25th.

VTEX Stock Down 1.3%

Shares of VTEX stock opened at $4.20 on Tuesday. The firm’s 50 day moving average price is $3.72 and its 200-day moving average price is $3.85. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.02. VTEX has a 52-week low of $2.84 and a 52-week high of $4.62. The company has a market cap of $715.21 million, a P/E ratio of 26.22, a PEG ratio of 0.53 and a beta of 0.94.

VTEX (NYSE:VTEX) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. VTEX had a net margin of 11.98% and a return on equity of 12.98%. The firm had revenue of $64.39 million during the quarter, compared to analyst estimates of $64.69 million. On average, sell-side analysts predict that VTEX will post 0.21 EPS for the current fiscal year.

Insider Activity

In other VTEX news, Director Alejandro Scannapieco sold 11,994 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $3.67, for a total value of $44,017.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider André Spolidoro sold 15,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $4.04, for a total value of $60,600.00. Following the completion of the sale, the insider directly owned 301,431 shares of the company’s stock, valued at approximately $1,217,781.24. This represents a 4.74% decrease in their position. 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 $314,187 over the last ninety days. 40.93% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On VTEX

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE raised its position in shares of VTEX by 56.0% in the 1st quarter. Bank of America Corp DE now owns 683,062 shares of the company’s stock valued at $2,732,000 after purchasing an additional 245,306 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in VTEX during the 1st quarter worth approximately $2,302,000. Principal Financial Group Inc. grew its position in VTEX by 32.2% during the 1st quarter. Principal Financial Group Inc. now owns 330,139 shares of the company’s stock worth $1,321,000 after purchasing an additional 80,460 shares during the last quarter. Globeflex Capital L P purchased a new stake in VTEX during the 1st quarter worth approximately $1,144,000. Finally, Sei Investments Co. acquired a new position in VTEX during the 1st quarter valued at approximately $844,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

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.