VTEX (NYSE:VTEX) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of VTEX (NYSE:VTEX – Free Report) from a buy rating to a hold rating in a report published on Saturday morning,Wall Street Zen reports.

Other equities research analysts also recently issued research reports about the company. Bradesco Corretora downgraded VTEX to a “neutral” rating and set a $4.50 price objective on the stock. in a report on Friday, August 7th. Morgan Stanley cut VTEX from an “overweight” rating to an “equal weight” rating and set a $4.00 target price for the company. in a report on Friday, August 28th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $5.10 target price on shares of VTEX in a research report on Thursday, August 27th. Itau BBA Securities lowered shares of VTEX from an “outperform” rating to a “market perform” rating and set a $4.50 price target on the stock. in a research note on Tuesday, August 25th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of VTEX in a research note on Thursday, October 29th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $4.60.

Check Out Our Latest Research Report on VTEX

VTEX Stock Performance

NYSE:VTEX opened at $3.96 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.91 and a current ratio of 2.91. The stock has a market capitalization of $674.29 million, a P/E ratio of 26.37, a PEG ratio of 0.54 and a beta of 1.05. The company has a 50 day moving average price of $3.82 and a 200 day moving average price of $3.77. VTEX has a fifty-two week low of $2.84 and a fifty-two week high of $4.60.

VTEX (NYSE:VTEX – Get Free Report) last announced its earnings results on Thursday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The firm had revenue of $63.38 million during the quarter, compared to analysts’ expectations of $63.19 million. VTEX had a net margin of 10.48% and a return on equity of 11.68%. Equities research analysts forecast that VTEX will post 0.19 EPS for the current year.

Insider Buying and Selling at VTEX

In other news, Director Alejandro Scannapieco sold 11,994 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $3.67, for a total transaction of $44,017.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider André Spolidoro sold 15,000 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $4.04, for a total value of $60,600.00. Following the sale, the insider directly owned 301,431 shares in the company, valued at $1,217,781.24. This represents a 4.74% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 81,074 shares of company stock valued at $321,901. Insiders own 40.93% of the company’s stock.

Institutional Investors Weigh In On VTEX

Several large investors have recently bought and sold shares of the stock. Summit Securities Group LLC purchased a new position in shares of VTEX in the 1st quarter valued at about $29,000. Kapitalo Investimentos Ltda purchased a new stake in shares of VTEX during the third quarter worth approximately $36,000. Ashton Thomas Private Wealth LLC acquired a new stake in VTEX in the third quarter valued at approximately $38,000. AXQ Capital LP acquired a new stake in VTEX in the second quarter valued at approximately $47,000. Finally, Corient Private Wealth LP purchased a new position in VTEX in the second quarter worth approximately $58,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

More VTEX News

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About VTEX

(Get Free Report)

VTEX (NYSE: VTEX) is a global digital commerce technology company that provides software for businesses to create, operate and expand online sales channels. Its platform supports business-to-consumer, business-to-business and marketplace commerce, helping companies manage digital storefronts, catalogs, pricing, promotions, payments and customer experiences.

The company’s offerings include commerce management, an order management system, marketplace capabilities and tools designed to support headless and omnichannel retail strategies.

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Analyst Recommendations for VTEX (NYSE:VTEX)

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