VTEX (NYSE:VTEX) Stock Has Consensus Target Price of $4.69

Shares of VTEX (NYSE:VTEX) have been given an average rating of “Hold” by the nine brokerages that are currently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $4.69.

VTEX has been the topic of several recent analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a $5.10 target price on shares of VTEX in a report on Thursday, August 27th. Morgan Stanley set a $4.00 price target on shares of VTEX and gave the company an “equal weight” rating in a report on Friday, August 28th. Weiss Ratings cut shares of VTEX from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Itau BBA Securities reaffirmed a “market perform” rating and issued a $4.50 price target on shares of VTEX in a research report on Tuesday, August 25th. Finally, Wall Street Zen lowered VTEX from a “strong-buy” rating to a “buy” rating in a research note on Sunday.

VTEX Price Performance

Shares of VTEX stock opened at $4.01 on Tuesday. The firm has a fifty day simple moving average of $3.73 and a 200-day simple moving average of $3.84. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.02. VTEX has a 1-year low of $2.84 and a 1-year high of $4.62. The stock has a market capitalization of $684.52 million, a price-to-earnings ratio of 25.10, a PEG ratio of 0.50 and a beta of 0.94.

VTEX (NYSE:VTEX) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.06 earnings per share (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 business had revenue of $64.39 million during the quarter, compared to the consensus estimate of $64.69 million. On average, sell-side analysts expect that VTEX will post 0.21 earnings per share for the current year.

Insider Activity at VTEX

In related news, Director Alejandro Scannapieco sold 11,994 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $3.67, for a total transaction of $44,017.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider André Spolidoro sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $4.04, for a total value of $60,600.00. Following the completion of the sale, the insider directly owned 301,431 shares in the company, valued at $1,217,781.24. This trade represents a 4.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 68,458 shares of company stock valued at $275,723. 40.93% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On VTEX

Large investors have recently bought and sold shares of the stock. Corient Private Wealth LP bought a new stake in shares of VTEX in the second quarter valued at about $58,000. AXQ Capital LP bought a new stake in shares of VTEX in the 2nd quarter worth approximately $47,000. Public Employees Retirement System of Ohio bought a new stake in shares of VTEX in the 2nd quarter worth approximately $67,000. Globeflex Capital L P acquired a new stake in shares of VTEX during the 2nd quarter worth approximately $1,144,000. Finally, Bank of America Corp DE grew its holdings in shares of VTEX by 56.0% during 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 in the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.

VTEX Company Profile

VTEX is a global digital commerce technology company that provides a cloud-based platform for retailers and consumer brands. Its software is designed to support online stores, marketplaces and unified commerce operations, helping businesses manage digital sales across multiple channels and customer touchpoints.

The VTEX platform includes capabilities for catalog and content management, pricing and promotions, checkout, payments, order management, customer experience and marketplace operations.