VTEX (NYSE:VTEX) PT Raised to $12.00 at UBS Group

VTEX (NYSE:VTEX) had its target price boosted by UBS Group from $8.50 to $12.00 in a report published on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages also recently issued reports on VTEX. Morgan Stanley upgraded VTEX from an equal weight rating to an overweight rating and increased their price objective for the stock from $5.50 to $8.00 in a research report on Friday, January 5th. Bank of America lifted their target price on shares of VTEX from $8.50 to $12.00 and gave the company a buy rating in a report on Monday, January 22nd. Piper Sandler boosted their price objective on shares of VTEX from $9.00 to $10.00 and gave the stock an overweight rating in a report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of VTEX from $6.50 to $9.00 and gave the company a neutral rating in a research report on Friday, March 1st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, VTEX presently has an average rating of Moderate Buy and an average price target of $8.44.

VTEX Stock Down 0.9 %

VTEX stock opened at $8.15 on Monday. The stock’s 50 day simple moving average is $8.13 and its 200 day simple moving average is $6.85. VTEX has a fifty-two week low of $3.24 and a fifty-two 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. The company has a market cap of $1.50 billion, a P/E ratio of -116.43 and a beta of 1.42.

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

Institutional Trading of VTEX

Hedge funds have recently bought and sold shares of the stock. Exchange Traded Concepts LLC bought a new stake in VTEX in the fourth quarter worth about $28,000. State of Wyoming acquired a new stake in shares of VTEX during the second quarter worth $34,000. Fox Run Management L.L.C. acquired a new position in VTEX during the third quarter valued at $53,000. UBS Group AG lifted its position in VTEX by 137.2% during the fourth quarter. UBS Group AG now owns 14,260 shares of the company’s stock valued at $53,000 after purchasing an additional 8,247 shares during the period. Finally, Lazard Asset Management LLC purchased a new position in VTEX in the fourth quarter valued at $56,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

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.