VTEX (NYSE:VTEX) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of VTEX (NYSE:VTEX) have received an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $5.18.

Several analysts have recently weighed in on the company. Wall Street Zen upgraded VTEX from a “buy” rating to a “strong-buy” rating in a report on Sunday, April 12th. UBS Group raised their price objective on shares of VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a report on Friday, May 8th. 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. Finally, Weiss Ratings upgraded shares of VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 21st.

VTEX Stock Performance

Shares of VTEX opened at $4.14 on Friday. VTEX has a 52 week low of $2.84 and a 52 week high of $6.82. The stock has a market capitalization of $706.68 million, a price-to-earnings ratio of 34.54, a PEG ratio of 0.57 and a beta of 1.03. The stock has a fifty day moving average of $3.74 and a 200-day moving average of $3.67.

VTEX (NYSE:VTEX) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $60.65 million. As a group, equities analysts forecast that VTEX will post 0.19 EPS for the current year.

Insider Activity at VTEX

In related news, Director Alejandro Raul Scannapieco sold 15,937 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $3.59, for a total value of $57,213.83. Following the sale, the director owned 9,965 shares of the company’s stock, valued at $35,774.35. The trade was a 61.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 95,865 shares of company stock worth $379,159 in the last quarter. 40.93% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VTEX. Summit Securities Group LLC acquired a new stake in shares of VTEX in the first quarter valued at about $29,000. State of Wyoming bought a new stake in VTEX in the second quarter valued at approximately $59,000. Aquatic Capital Management LLC bought a new stake in VTEX in the third quarter valued at approximately $41,000. ProShare Advisors LLC acquired a new stake in VTEX during the 4th quarter valued at approximately $39,000. Finally, Ieq Capital LLC acquired a new stake in VTEX during the 4th quarter valued at approximately $41,000. 63.69% of the stock is owned by institutional investors and hedge funds.

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.