VTEX (NYSE:VTEX) Given Average Rating of “Moderate Buy” by Brokerages

VTEX (NYSE:VTEX) has been given an average recommendation of “Moderate Buy” by the seven research firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $5.9833.

A number of research analysts have issued reports on VTEX shares. UBS Group upped their target price on shares of VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a research report on Friday, May 8th. Weiss Ratings raised shares of VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 21st. Wall Street Zen upgraded shares of VTEX from a “buy” rating to a “strong-buy” rating in a report on Sunday, April 12th. Finally, Brean Capital raised shares of VTEX from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research note on Wednesday, March 11th.

Insider Buying and Selling at VTEX

In related news, Director Alejandro Raul Scannapieco sold 15,937 shares of VTEX stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $3.59, for a total transaction of $57,213.83. Following the completion of the sale, the director directly owned 9,965 shares of the company’s stock, valued at $35,774.35. The trade was a 61.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders sold 86,249 shares of company stock valued at $340,407. 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 stock. Summit Securities Group LLC acquired a new position in shares of VTEX during the 1st quarter worth about $29,000. State of Wyoming acquired a new stake in shares of VTEX in the 2nd quarter valued at approximately $59,000. Aquatic Capital Management LLC bought a new position in VTEX during the 3rd quarter worth approximately $41,000. ProShare Advisors LLC bought a new position in VTEX during the 4th quarter worth approximately $39,000. Finally, Ieq Capital LLC acquired a new position in VTEX during the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

VTEX Stock Down 0.1%

VTEX stock opened at $3.62 on Wednesday. VTEX has a twelve month low of $2.84 and a twelve month high of $6.82. The company has a market cap of $616.32 million, a P/E ratio of 30.13, a PEG ratio of 0.50 and a beta of 1.05. The business has a fifty day moving average of $3.82 and a 200-day moving average of $3.68.

VTEX (NYSE:VTEX) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $60.70 million during the quarter, compared to the consensus estimate of $60.65 million. VTEX had a net margin of 9.40% and a return on equity of 9.68%. As a group, equities research analysts anticipate that VTEX will post 0.19 earnings per share for the current fiscal year.

About VTEX

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.