VTEX (NYSE:VTEX) Given Average Rating of “Hold” by Analysts

Shares of VTEX (NYSE:VTEX) have received an average recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $5.0667.

A number of equities analysts have weighed in on the company. Bradesco Corretora lowered VTEX to a “neutral” rating and set a $4.50 target price on the stock. in a research note on Friday, August 7th. UBS Group lifted their price target on VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Weiss Ratings lowered VTEX from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st.

Insider Transactions at VTEX

In other VTEX news, insider Andre Spolidoro Ferreira Gomes sold 15,000 shares of VTEX stock in a transaction that occurred 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 sale, the insider directly owned 301,431 shares in the company, valued at $1,217,781.24. The trade was a 4.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 94,928 shares of company stock worth $386,522 in the last three months. Insiders own 40.93% of the company’s stock.

Institutional Trading of VTEX

Institutional investors and hedge funds have recently made changes to their positions in the stock. Polar Capital Holdings Plc lifted its holdings in shares of VTEX by 11.9% during the 3rd quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company’s stock worth $30,809,000 after acquiring an additional 748,712 shares during the last quarter. Millennium Management LLC grew its position in VTEX by 36.6% in the fourth quarter. Millennium Management LLC now owns 2,091,811 shares of the company’s stock worth $7,865,000 after acquiring an additional 560,828 shares in the last quarter. State Street Corp increased its stake in VTEX by 7.7% in the fourth quarter. State Street Corp now owns 1,590,672 shares of the company’s stock valued at $5,981,000 after acquiring an additional 114,256 shares during the last quarter. Citadel Advisors LLC increased its stake in VTEX by 524.5% in the third quarter. Citadel Advisors LLC now owns 1,012,225 shares of the company’s stock valued at $4,434,000 after acquiring an additional 850,132 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in VTEX during the third quarter valued at about $4,412,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

VTEX Stock Down 0.3%

VTEX opened at $3.64 on Monday. The firm has a market capitalization of $620.58 million, a P/E ratio of 22.75, a price-to-earnings-growth ratio of 0.51 and a beta of 1.02. VTEX has a one year low of $2.84 and a one year high of $4.73. The company has a fifty day moving average price of $3.98 and a 200-day moving average price of $3.79. 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 (NYSE:VTEX) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $64.39 million for the quarter, compared to the consensus estimate of $64.69 million. VTEX had a return on equity of 12.98% and a net margin of 11.98%. Equities research analysts expect that VTEX will post 0.19 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.