VTEX (NYSE:VTEX) Downgraded by Wall Street Zen to “Buy”

by · The Markets Daily

Wall Street Zen lowered shares of VTEX (NYSE:VTEX – Free Report) from a strong-buy rating to a buy rating in a research report sent to investors on Sunday morning,Wall Street Zen reports.

A number of other research analysts have also recently issued reports on VTEX. Morgan Stanley set a $4.00 price objective on VTEX and gave the company an “equal weight” rating in a research note on Friday, August 28th. Weiss Ratings cut VTEX from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Jefferies Financial Group restated a “buy” rating and set a $5.10 price target on shares of VTEX in a report on Thursday, August 27th. Itau BBA Securities restated a “market perform” rating and set a $4.50 price target on shares of VTEX in a report on Tuesday, August 25th. Finally, Bradesco Corretora lowered VTEX to a “neutral” rating and set a $4.50 price target for the company. in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, VTEX currently has an average rating of “Hold” and a consensus target price of $4.69.

Get Our Latest Research Report on VTEX

VTEX Price Performance

VTEX stock opened at $4.00 on Friday. The firm has a 50 day moving average price of $3.74 and a 200-day moving average price of $3.84. VTEX has a 52-week low of $2.84 and a 52-week high of $4.62. The firm has a market capitalization of $681.11 million, a price-to-earnings ratio of 24.97, a PEG ratio of 0.50 and a beta of 0.94. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.91 and a current ratio of 2.91.

VTEX (NYSE:VTEX – Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $64.39 million for the quarter, compared to analysts’ expectations of $64.69 million. VTEX had a return on equity of 12.98% and a net margin of 11.98%. Equities research analysts forecast that VTEX will post 0.21 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider André Spolidoro sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $4.04, for a total value of $60,600.00. Following the completion of the transaction, the insider directly owned 301,431 shares in the company, valued at $1,217,781.24. The trade was a 4.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alejandro Scannapieco sold 11,994 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $3.67, for a total transaction of $44,017.98. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 68,458 shares of company stock worth $275,723. Corporate insiders own 40.93% of the company’s stock.

Hedge Funds Weigh In On VTEX

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Summit Securities Group LLC purchased a new position in shares of VTEX in the first quarter worth $29,000. AXQ Capital LP bought a new position in shares of VTEX during the second quarter valued at $47,000. Corient Private Wealth LP purchased a new stake in shares of VTEX during the second quarter valued at $58,000. Public Employees Retirement System of Ohio purchased a new stake in shares of VTEX during the second quarter valued at $67,000. Finally, State of Wyoming bought a new stake in VTEX in the 1st quarter worth about $70,000. 63.69% of the stock is owned by institutional investors.

VTEX Company Profile

(Get Free Report)

VTEX is a global digital commerce technology company that provides a cloud-based platform for retailers and consumer brands. Its software is designed to support online stores, marketplaces and unified commerce operations, helping businesses manage digital sales across multiple channels and customer touchpoints.

The VTEX platform includes capabilities for catalog and content management, pricing and promotions, checkout, payments, order management, customer experience and marketplace operations.

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