Wall Street Zen Downgrades VTEX (NYSE:VTEX) to Buy

by · The Cerbat Gem

VTEX (NYSE:VTEX – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

A number of other analysts have also weighed in on VTEX. Jefferies Financial Group upgraded shares of VTEX from a “hold” rating to a “buy” rating and reduced their price objective for the company from $7.30 to $6.50 in a research note on Wednesday, September 17th. JPMorgan Chase & Co. decreased their price objective on shares of VTEX from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of VTEX in a research report on Tuesday, October 14th. Finally, The Goldman Sachs Group initiated coverage on VTEX in a report on Wednesday, October 15th. They issued a “buy” rating and a $5.30 target price for the company. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.96.

View Our Latest Report on VTEX

VTEX Trading Down 0.4%

VTEX stock opened at $3.66 on Friday. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $3.90 and its two-hundred day simple moving average is $4.58. VTEX has a 12 month low of $3.53 and a 12 month high of $6.93. The company has a market capitalization of $668.13 million, a price-to-earnings ratio of 40.62 and a beta of 1.34.

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

Hedge Funds Weigh In On VTEX

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. purchased a new position in shares of VTEX in the 2nd quarter worth $39,000. State of Wyoming bought a new stake in shares of VTEX during the 2nd quarter valued at about $59,000. Aquatic Capital Management LLC purchased a new stake in shares of VTEX during the 3rd quarter valued at about $41,000. Teacher Retirement System of Texas bought a new position in shares of VTEX in the 2nd quarter worth approximately $69,000. Finally, Savant Capital LLC bought a new position in shares of VTEX in the 2nd quarter worth approximately $70,000. 63.69% of the stock is owned by institutional investors.

About VTEX

(Get Free Report)

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.

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