VTEX (NYSE:VTEX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of VTEX (NYSE:VTEX) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $5.9667.

Several research firms have recently weighed in on VTEX. Brean Capital raised shares of VTEX from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a report on Wednesday, March 11th. UBS Group cut shares of VTEX from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $8.00 to $4.00 in a research note on Wednesday, January 14th. Wall Street Zen upgraded shares of VTEX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 14th. Finally, Weiss Ratings raised VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, March 19th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. acquired a new position in VTEX during the 2nd quarter worth about $39,000. ProShare Advisors LLC acquired a new stake in VTEX in the 4th quarter valued at about $39,000. Aquatic Capital Management LLC acquired a new stake in VTEX in the 3rd quarter valued at about $41,000. Ieq Capital LLC bought a new position in shares of VTEX in the fourth quarter worth about $41,000. Finally, nVerses Capital LLC bought a new stake in shares of VTEX during the fourth quarter valued at approximately $49,000. 63.69% of the stock is owned by institutional investors.

VTEX Trading Up 0.4%

VTEX stock opened at $4.06 on Friday. VTEX has a 1-year low of $2.84 and a 1-year high of $6.82. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $3.50 and its 200-day moving average is $3.85. The firm has a market cap of $701.47 million, a P/E ratio of 36.87, a P/E/G ratio of 0.59 and a beta of 1.17.

VTEX (NYSE:VTEX) last posted its earnings results on Thursday, February 26th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. VTEX had a return on equity of 8.24% and a net margin of 8.32%.The business had revenue of $67.95 million during the quarter, compared to the consensus estimate of $68.11 million. Equities analysts anticipate 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.