VTEX (NYSE:VTEX) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of VTEX (NYSE:VTEX) from a buy rating to a strong-buy rating in a report published on Monday.

Other equities research analysts have also recently issued research reports about the stock. The Goldman Sachs Group began coverage on shares of VTEX in a research report on Wednesday, October 15th. They issued a “buy” rating and a $5.30 price objective for the company. JPMorgan Chase & Co. decreased their price target on shares of VTEX from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Weiss Ratings restated a “hold (c-)” rating on shares of VTEX in a research report on Tuesday, October 14th. Finally, Jefferies Financial Group raised VTEX from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $7.30 to $6.50 in a report on Wednesday, September 17th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $6.96.

VTEX Trading Down 0.7%

Shares of VTEX opened at $3.76 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.10 and a current ratio of 3.10. The company has a market cap of $686.41 million, a price-to-earnings ratio of 41.73 and a beta of 1.34. The stock has a fifty day moving average price of $4.09 and a two-hundred day moving average price of $4.86. VTEX has a 52-week low of $3.65 and a 52-week high of $6.93.

VTEX (NYSE:VTEX) last announced its earnings results on Thursday, November 6th. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. VTEX had a return on equity of 6.63% and a net margin of 7.03%.The company had revenue of $59.61 million for the quarter, compared to analysts’ expectations of $59.80 million. During the same quarter in the prior year, the business earned $0.02 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts predict that VTEX will post 0.08 EPS for the current fiscal year.

Institutional Trading of VTEX

Institutional investors have recently bought and sold shares of the business. Polar Capital Holdings Plc raised its stake in VTEX by 11.9% in the third quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company’s stock valued at $30,809,000 after buying an additional 748,712 shares during the period. Acadian Asset Management LLC grew its stake in shares of VTEX by 1.0% in the first quarter. Acadian Asset Management LLC now owns 3,005,818 shares of the company’s stock valued at $15,203,000 after acquiring an additional 29,804 shares in the last quarter. Artisan Partners Limited Partnership increased its position in VTEX by 8.6% during the second quarter. Artisan Partners Limited Partnership now owns 1,596,050 shares of the company’s stock worth $10,534,000 after acquiring an additional 126,875 shares during the period. Millennium Management LLC raised its stake in VTEX by 202.5% in the 3rd quarter. Millennium Management LLC now owns 1,530,983 shares of the company’s stock worth $6,706,000 after purchasing an additional 1,024,911 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of VTEX in the first quarter valued at approximately $7,016,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

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.