Wall Street Zen Upgrades VTEX (NYSE:VTEX) to Strong-Buy

VTEX (NYSE:VTEX) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

Other research analysts have also recently issued reports about the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of VTEX in a report on Friday, January 9th. JPMorgan Chase & Co. lowered their price target on shares of VTEX from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Finally, UBS Group downgraded shares of VTEX from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $8.00 to $4.00 in a research note on Wednesday, January 14th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, VTEX currently has an average rating of “Moderate Buy” and an average price target of $6.16.

VTEX Trading Up 2.1%

Shares of NYSE VTEX opened at $3.17 on Friday. The company has a market cap of $578.56 million, a price-to-earnings ratio of 35.17 and a beta of 1.34. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.10 and a current ratio of 3.10. VTEX has a fifty-two week low of $2.99 and a fifty-two week high of $6.89. The business’s 50 day moving average price is $3.52 and its 200-day moving average price is $4.03.

Institutional Investors Weigh In On VTEX

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its holdings in shares of VTEX by 6.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 36,156 shares of the company’s stock valued at $239,000 after purchasing an additional 2,169 shares during the last quarter. Van ECK Associates Corp raised its stake in VTEX by 18.5% in the third quarter. Van ECK Associates Corp now owns 30,759 shares of the company’s stock valued at $135,000 after buying an additional 4,802 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in VTEX in the second quarter valued at about $39,000. MQS Management LLC boosted its holdings in VTEX by 59.0% in the fourth quarter. MQS Management LLC now owns 23,512 shares of the company’s stock worth $88,000 after acquiring an additional 8,722 shares in the last quarter. Finally, State of Wyoming purchased a new stake in shares of VTEX during the second quarter worth about $59,000. Hedge funds and other institutional investors 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.