VTEX (NYSE:VTEX) Stock Has Consensus Target Price of $4.60 According to Analysts

VTEX (NYSE:VTEX – Get Free Report) has received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $4.60.

VTEX has been the topic of several analyst reports. Wall Street Zen lowered shares of VTEX from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “hold (c-)” rating on shares of VTEX in a research report on Thursday, October 29th. Jefferies Financial Group reissued a “buy” rating and issued a $5.10 target price on shares of VTEX in a research note on Thursday, August 27th. Bradesco Corretora lowered VTEX to a “neutral” rating and set a $4.50 price target on the stock. in a report on Friday, August 7th. Finally, Morgan Stanley lowered VTEX from an “overweight” rating to an “equal weight” rating and set a $4.00 price target for the company. in a research note on Friday, August 28th.

Read Our Latest Stock Report on VTEX

VTEX Trading Down 1.9%

Shares of VTEX stock opened at $3.96 on Friday. The stock has a market capitalization of $674.29 million, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 0.54 and a beta of 1.05. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.02. The stock’s 50-day moving average price is $3.82 and its 200-day moving average price is $3.77. VTEX has a 12-month low of $2.84 and a 12-month high of $4.60.

VTEX (NYSE:VTEX – Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The business had revenue of $63.38 million for the quarter, compared to analysts’ expectations of $63.19 million. VTEX had a return on equity of 12.98% and a net margin of 11.98%. Equities research analysts predict that VTEX will post 0.21 EPS for the current fiscal year.

More VTEX News

Here are the key news stories impacting VTEX this week:

Insider Activity at VTEX

In other news, Director Alejandro Scannapieco sold 11,994 shares of VTEX stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $3.67, for a total transaction of $44,017.98. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider André Spolidoro sold 15,000 shares of VTEX stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $4.04, for a total transaction of $60,600.00. Following the completion of the transaction, the insider owned 301,431 shares of the company’s stock, valued at $1,217,781.24. The trade was a 4.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 81,074 shares of company stock worth $321,901. Corporate insiders own 40.93% of the company’s stock.

Institutional Investors Weigh In On VTEX

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE lifted its holdings in VTEX by 56.0% during the 1st quarter. Bank of America Corp DE now owns 683,062 shares of the company’s stock worth $2,732,000 after buying an additional 245,306 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of VTEX in the first quarter worth $2,302,000. Principal Financial Group Inc. raised its position in VTEX by 32.2% in the first 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 in the last quarter. Globeflex Capital L P acquired a new stake in shares of VTEX in the 1st quarter valued at approximately $1,144,000. Finally, Sei Investments Co. acquired a new stake in shares of VTEX in the first quarter valued at approximately $844,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

VTEX Company Profile

(Get Free Report)

VTEX (NYSE: VTEX) is a global digital commerce technology company that provides software for businesses to create, operate and expand online sales channels. Its platform supports business-to-consumer, business-to-business and marketplace commerce, helping companies manage digital storefronts, catalogs, pricing, promotions, payments and customer experiences.

The company’s offerings include commerce management, an order management system, marketplace capabilities and tools designed to support headless and omnichannel retail strategies.

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Analyst Recommendations for VTEX (NYSE:VTEX)

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