VTEX (NYSE:VTEX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of VTEX (NYSE:VTEX) from a hold rating to a buy rating in a research report released on Saturday morning.

VTEX has been the topic of several other research reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a $6.00 price target (down previously from $7.50) on shares of VTEX in a research report on Friday, August 8th. UBS Group reduced their price target on shares of VTEX from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, June 13th. Jefferies Financial Group assumed coverage on shares of VTEX in a research report on Thursday, May 22nd. They issued a “hold” rating and a $7.30 price target on the stock. Finally, Citigroup assumed coverage on shares of VTEX in a research report on Monday, June 23rd. They issued a “buy” rating and a $10.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $8.33.

VTEX Trading Down 1.0%

VTEX stock opened at $4.05 on Friday. The stock has a market cap of $740.34 million, a P/E ratio of 50.63 and a beta of 1.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.31 and a quick ratio of 3.31. VTEX has a 1 year low of $3.93 and a 1 year high of $8.03. The firm’s 50 day moving average price is $6.04 and its 200-day moving average price is $5.73.

VTEX (NYSE:VTEX) last posted its earnings results on Thursday, August 7th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. VTEX had a net margin of 5.80% and a return on equity of 5.27%. The firm had revenue of $58.80 million during the quarter, compared to analyst estimates of $60.35 million. On average, equities analysts predict that VTEX will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new stake in shares of VTEX during the second quarter valued at $39,000. State of Wyoming bought a new position in shares of VTEX in the fourth quarter worth about $45,000. Teacher Retirement System of Texas bought a new position in shares of VTEX in the second quarter worth about $69,000. Savant Capital LLC bought a new position in shares of VTEX in the second quarter worth about $70,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of VTEX in the second quarter worth about $72,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

VTEX Company Profile

VTEX provides software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce strategy, including building online stores, integrating, and managing orders across channels, and creating marketplaces to sell products from third-party vendors.