VTEX (NYSE:VTEX) Downgraded by Wall Street Zen to Buy
by Amy Steele · The Cerbat GemWall Street Zen lowered shares of VTEX (NYSE:VTEX – Free Report) from a strong-buy rating to a buy rating in a research note released on Saturday morning.
A number of other analysts have also weighed in on VTEX. Brean Capital upgraded shares of VTEX from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a report on Wednesday, March 11th. Weiss Ratings raised VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, March 19th. Finally, UBS Group downgraded VTEX from a “buy” rating to a “neutral” rating and cut their target price for the stock from $8.00 to $4.00 in a research report on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, VTEX currently has a consensus rating of “Moderate Buy” and an average price target of $5.97.
Get Our Latest Stock Analysis on VTEX
VTEX Price Performance
Shares of VTEX opened at $4.06 on Friday. VTEX has a one year low of $2.84 and a one year high of $6.82. The stock’s fifty day moving average is $3.52 and its 200-day moving average is $3.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.04 and a current ratio of 3.04. The firm has a market capitalization of $701.47 million, a price-to-earnings ratio of 36.87, a price-to-earnings-growth ratio of 0.59 and a beta of 1.17.
VTEX (NYSE:VTEX – Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The business had revenue of $67.95 million during the quarter, compared to the consensus estimate of $68.11 million. VTEX had a net margin of 8.32% and a return on equity of 8.24%. Equities analysts anticipate that VTEX will post 0.08 EPS for the current year.
Institutional Investors Weigh In On VTEX
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Legal & General Group Plc raised its holdings in shares of VTEX by 2,007.5% in the 2nd quarter. Legal & General Group Plc now owns 276,995 shares of the company’s stock worth $1,828,000 after purchasing an additional 263,852 shares in the last quarter. Norges Bank bought a new stake in VTEX during the second quarter worth approximately $2,670,000. Principal Financial Group Inc. bought a new stake in VTEX during the third quarter worth approximately $735,000. FNY Investment Advisers LLC grew its position in VTEX by 577.8% in the third quarter. FNY Investment Advisers LLC now owns 268,740 shares of the company’s stock worth $1,177,000 after buying an additional 229,091 shares during the last quarter. Finally, Ieq Capital LLC acquired a new position in VTEX in the fourth quarter worth approximately $41,000. 63.69% of the stock is owned by institutional investors and hedge funds.
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.