VTEX (NYSE:VTEX) Cut to “Buy” at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen lowered shares of VTEX (NYSE:VTEX – Free Report) from a strong-buy rating to a buy rating in a report published on Sunday.

Other equities analysts have also issued reports about the stock. UBS Group reduced their target price on shares of VTEX from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. JPMorgan Chase & Co. dropped their price objective on shares of VTEX from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Jefferies Financial Group upgraded VTEX from a “hold” rating to a “buy” rating and decreased their price objective for the company from $7.30 to $6.50 in a research report on Wednesday, September 17th. The Goldman Sachs Group initiated coverage on VTEX in a research note on Wednesday, October 15th. They issued a “buy” rating and a $5.30 target price for the company. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of VTEX in a research report on Tuesday, October 14th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, VTEX presently has a consensus rating of “Moderate Buy” and an average target price of $6.96.

View Our Latest Report on VTEX

VTEX Price Performance

Shares of VTEX stock opened at $3.83 on Friday. VTEX has a 52 week low of $3.65 and a 52 week high of $6.93. The stock has a market capitalization of $699.21 million, a PE ratio of 42.50 and a beta of 1.33. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.10 and a current ratio of 3.10. The stock’s fifty day moving average is $4.14 and its 200-day moving average is $4.94.

VTEX (NYSE:VTEX – Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. VTEX had a net margin of 7.03% and a return on equity of 6.63%. The business had revenue of $59.61 million for the quarter, compared to the consensus estimate of $59.80 million. During the same quarter in the prior year, the company earned $0.02 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Equities research analysts expect that VTEX will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On VTEX

Institutional investors have recently modified their holdings of the stock. Nuveen LLC bought a new position in VTEX during the first quarter worth about $7,016,000. HighTower Advisors LLC increased its holdings in shares of VTEX by 50.4% in the first quarter. HighTower Advisors LLC now owns 34,449 shares of the company’s stock worth $175,000 after acquiring an additional 11,548 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of VTEX by 14.0% during the first quarter. Russell Investments Group Ltd. now owns 406,678 shares of the company’s stock worth $2,064,000 after purchasing an additional 50,018 shares during the period. Aberdeen Group plc bought a new position in shares of VTEX during the 1st quarter valued at about $1,337,000. Finally, Absolute Gestao de Investimentos Ltda. grew its position in shares of VTEX by 30.4% in the 1st quarter. Absolute Gestao de Investimentos Ltda. now owns 376,621 shares of the company’s stock valued at $1,909,000 after purchasing an additional 87,779 shares during the period. 63.69% of the stock is currently owned by institutional investors and hedge funds.

VTEX Company Profile

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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.

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