VTEX (NYSE:VTEX) Receives Average Rating of “Hold” from Analysts

Shares of VTEX (NYSE:VTEX) have been assigned a consensus rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $5.9833.

VTEX has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of VTEX from a “buy” rating to a “strong-buy” rating in a research note on Sunday, April 12th. UBS Group raised their target price on shares of VTEX from $4.00 to $4.10 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Brean Capital upgraded shares of VTEX from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research note on Wednesday, March 11th. Finally, Weiss Ratings cut shares of VTEX from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th.

Institutional Trading of VTEX

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Summit Securities Group LLC acquired a new stake in shares of VTEX in the first quarter valued at about $29,000. State of Wyoming acquired a new stake in shares of VTEX in the second quarter valued at about $59,000. Aquatic Capital Management LLC acquired a new stake in shares of VTEX in the third quarter valued at about $41,000. ProShare Advisors LLC acquired a new stake in shares of VTEX in the fourth quarter valued at about $39,000. Finally, Ieq Capital LLC acquired a new stake in shares of VTEX in the fourth quarter valued at about $41,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

VTEX Stock Performance

VTEX stock opened at $3.53 on Friday. VTEX has a one year low of $2.84 and a one year high of $6.82. The stock has a market capitalization of $600.98 million, a PE ratio of 29.38, a price-to-earnings-growth ratio of 0.48 and a beta of 1.05. The company has a fifty day moving average of $3.92 and a 200-day moving average of $3.75.

VTEX (NYSE:VTEX) last released its earnings results on Thursday, May 7th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). VTEX had a return on equity of 9.68% and a net margin of 9.40%.The firm had revenue of $60.70 million during the quarter, compared to analyst estimates of $60.65 million. Equities analysts forecast that VTEX will post 0.19 earnings per share for the current fiscal year.

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.