VTEX (NYSE:VTEX) Given Average Rating of “Moderate Buy” by Analysts

Shares of VTEX (NYSE:VTEX) have been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $6.16.

A number of brokerages recently weighed in on VTEX. Weiss Ratings reissued a “hold (c-)” rating on shares of VTEX in a report on Friday, January 9th. UBS Group cut shares of VTEX from a “buy” rating to a “neutral” rating and dropped their target price for the company from $8.00 to $4.00 in a research note on Wednesday, January 14th. JPMorgan Chase & Co. decreased their price target on shares of VTEX from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Finally, Wall Street Zen upgraded VTEX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 14th.

Institutional Trading of VTEX

Hedge funds have recently made changes to their positions in the stock. Millennium Management LLC boosted its holdings in shares of VTEX by 202.5% during the 3rd quarter. Millennium Management LLC now owns 1,530,983 shares of the company’s stock valued at $6,706,000 after buying an additional 1,024,911 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of VTEX in the 3rd quarter worth approximately $4,412,000. Citadel Advisors LLC grew its stake in shares of VTEX by 524.5% in the 3rd quarter. Citadel Advisors LLC now owns 1,012,225 shares of the company’s stock worth $4,434,000 after buying an additional 850,132 shares during the last quarter. Polar Capital Holdings Plc grew its stake in shares of VTEX by 11.9% in the 3rd quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company’s stock worth $30,809,000 after buying an additional 748,712 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. increased its position in VTEX by 1,301.0% during the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 746,757 shares of the company’s stock valued at $4,929,000 after buying an additional 693,457 shares in the last quarter. 63.69% of the stock is owned by institutional investors.

VTEX Stock Up 0.4%

Shares of NYSE VTEX traded up $0.02 during trading on Monday, hitting $3.45. 257,917 shares of the company traded hands, compared to its average volume of 1,025,304. VTEX has a fifty-two week low of $2.84 and a fifty-two week high of $6.82. The firm has a market capitalization of $629.75 million, a price-to-earnings ratio of 31.32 and a beta of 1.31. The business’s fifty day moving average is $3.37 and its 200 day moving average is $3.88. 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 (NYSE:VTEX) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $67.95 million during the quarter, compared to the consensus estimate of $68.11 million. VTEX had a net margin of 8.32% and a return on equity of 8.13%. Equities research analysts predict that VTEX will post 0.08 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.