VTEX (NYSE:VTEX) Given Consensus Rating of “Hold” by Brokerages

Shares of VTEX (NYSE:VTEX) have been assigned an average rating of “Hold” from the seven brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $5.9667.

Several equities research analysts recently commented on the stock. Weiss Ratings downgraded shares of VTEX from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, April 7th. UBS Group cut shares of VTEX from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $8.00 to $4.00 in a research note on Wednesday, January 14th. Wall Street Zen upgraded VTEX from a “buy” rating to a “strong-buy” rating in a report on Sunday, April 12th. Finally, Brean Capital raised VTEX from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research report on Wednesday, March 11th.

VTEX Price Performance

VTEX stock opened at $4.28 on Tuesday. VTEX has a 1 year low of $2.84 and a 1 year high of $6.82. The stock has a market cap of $740.40 million, a price-to-earnings ratio of 38.73, a P/E/G ratio of 0.62 and a beta of 1.17. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.04 and a quick ratio of 3.04. The company has a 50 day simple moving average of $3.70 and a 200 day simple moving average of $3.82.

VTEX (NYSE:VTEX) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. VTEX had a return on equity of 8.24% and a net margin of 8.32%.The company had revenue of $67.95 million for the quarter, compared to the consensus estimate of $68.11 million. Research analysts anticipate that VTEX will post 0.18 EPS for the current fiscal year.

Institutional Trading of VTEX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VTEX. State of Wyoming bought a new position in VTEX during the 2nd quarter worth approximately $59,000. Aquatic Capital Management LLC acquired a new stake in shares of VTEX during the third quarter worth $41,000. ProShare Advisors LLC acquired a new stake in shares of VTEX during the fourth quarter worth $39,000. Ieq Capital LLC bought a new position in VTEX during the fourth quarter worth $41,000. Finally, Virtu Financial LLC acquired a new position in VTEX in the third quarter valued at $51,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

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.