Analysts Set VTEX (NYSE:VTEX) Price Target at $6.96

VTEX (NYSE:VTEX) has received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $6.16.

A number of research firms recently commented on VTEX. UBS Group cut shares of VTEX from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $8.00 to $4.00 in a research note on Wednesday. Wall Street Zen lowered VTEX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 10th. JPMorgan Chase & Co. reduced their target price on VTEX from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. The Goldman Sachs Group began coverage on shares of VTEX in a report on Wednesday, October 15th. They set a “buy” rating and a $5.30 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of VTEX in a research note on Friday, January 9th.

VTEX Price Performance

Shares of NYSE:VTEX opened at $3.25 on Friday. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $594.10 million, a PE ratio of 36.12 and a beta of 1.34. The firm’s 50 day moving average price is $3.82 and its 200-day moving average price is $4.49. VTEX has a twelve month low of $3.20 and a twelve month 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, meeting analysts’ consensus estimates of $0.03. The business had revenue of $59.61 million during the quarter, compared to analysts’ expectations of $59.80 million. VTEX had a net margin of 7.03% and a return on equity of 6.63%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.02 earnings per share. Equities research analysts expect that VTEX will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. purchased a new stake in shares of VTEX in the 2nd quarter worth approximately $39,000. Aquatic Capital Management LLC bought a new position in VTEX in the third quarter worth approximately $41,000. Virtu Financial LLC purchased a new stake in VTEX during the third quarter worth $51,000. Sherbrooke Park Advisers LLC bought a new stake in VTEX during the 3rd quarter valued at $54,000. Finally, State of Wyoming bought a new position in shares of VTEX in the 2nd quarter worth $59,000. 63.69% of the stock is currently owned by institutional investors.

VTEX Company Profile

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.