VTEX (NYSE:VTEX) Cut to Buy at Wall Street Zen

Wall Street Zen downgraded shares of VTEX (NYSE:VTEX) from a strong-buy rating to a buy rating in a report issued on Saturday,Wall Street Zen reports.

Other analysts have also recently issued research reports about the stock. Itau BBA Securities reiterated a “market perform” rating and issued a $4.50 price target on shares of VTEX in a research note on Tuesday, August 25th. Jefferies Financial Group restated a “buy” rating and set a $5.10 price objective on shares of VTEX in a research report on Thursday, August 27th. Weiss Ratings lowered VTEX from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Morgan Stanley set a $4.00 target price on VTEX and gave the stock an “equal weight” rating in a report on Friday, August 28th. Finally, Bradesco Corretora downgraded VTEX to a “neutral” rating and set a $4.50 target price on the stock. in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, VTEX currently has an average rating of “Hold” and a consensus price target of $4.69.

VTEX Trading Up 2.6%

Shares of VTEX opened at $3.69 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.91 and a quick ratio of 2.91. VTEX has a 1 year low of $2.84 and a 1 year high of $4.73. The company has a 50 day simple moving average of $3.91 and a two-hundred day simple moving average of $3.85. The firm has a market cap of $629.96 million, a P/E ratio of 23.10, a price-to-earnings-growth ratio of 0.45 and a beta of 0.99.

VTEX (NYSE:VTEX) last released its earnings results on Friday, August 7th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. VTEX had a net margin of 11.98% and a return on equity of 12.98%. The firm had revenue of $64.39 million for the quarter, compared to the consensus estimate of $64.69 million. On average, equities analysts expect that VTEX will post 0.21 earnings per share for the current fiscal year.

Insider Activity at VTEX

In other VTEX news, insider André Spolidoro sold 15,000 shares of VTEX stock in a transaction on Monday, August 10th. The shares were sold at an average price of $4.04, for a total transaction of $60,600.00. Following the completion of the transaction, the insider directly owned 301,431 shares of the company’s stock, valued at $1,217,781.24. The trade was a 4.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alejandro Scannapieco sold 11,994 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $3.67, for a total transaction of $44,017.98. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 97,306 shares of company stock worth $392,076. Corporate insiders own 40.93% of the company’s stock.

Hedge Funds Weigh In On VTEX

Hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in VTEX by 56.0% in the 1st quarter. Bank of America Corp DE now owns 683,062 shares of the company’s stock worth $2,732,000 after purchasing an additional 245,306 shares during the period. Banco BTG Pactual S.A. grew its stake in shares of VTEX by 29.9% during the fourth quarter. Banco BTG Pactual S.A. now owns 604,100 shares of the company’s stock valued at $2,271,000 after buying an additional 139,100 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of VTEX in the first quarter worth approximately $2,302,000. Principal Financial Group Inc. raised its holdings in shares of VTEX by 32.2% in the first quarter. Principal Financial Group Inc. now owns 330,139 shares of the company’s stock worth $1,321,000 after buying an additional 80,460 shares during the period. Finally, Globeflex Capital L P bought a new stake in shares of VTEX during the 1st quarter worth approximately $1,144,000. 63.69% of the stock is currently owned by institutional investors.

VTEX Company Profile

VTEX is a global cloud commerce company that provides software for businesses to create, manage and expand digital commerce operations. Its platform supports online stores, marketplaces and unified commerce initiatives, helping companies connect digital and physical sales channels.

VTEX’s product offering includes commerce management, order management, marketplace capabilities, customer and seller tools, payments integrations, promotions, search and merchandising, and content management.