VTEX (NYSE:VTEX) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of VTEX (NYSE:VTEX – Free Report) from a buy rating to a strong-buy rating in a research note published on Monday morning.

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

Read Our Latest Report on VTEX

VTEX Stock Up 0.3%

VTEX stock opened at $3.73 on Monday. The company has a market capitalization of $681.84 million, a PE ratio of 41.45 and a beta of 1.33. VTEX has a 12-month low of $3.65 and a 12-month high of $6.93. The firm’s fifty day moving average is $4.07 and its 200 day moving average is $4.83. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.01.

VTEX (NYSE:VTEX – Get Free Report) last posted 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. VTEX had a net margin of 7.03% and a return on equity of 6.63%. The firm had revenue of $59.61 million during the quarter, compared to the consensus estimate of $59.80 million. During the same period in the previous year, the firm posted $0.02 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts predict that VTEX will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On VTEX

Several institutional investors have recently bought and sold shares of the stock. Nuveen LLC purchased a new position in shares of VTEX in the 1st quarter worth approximately $7,016,000. Millennium Management LLC increased its position in shares of VTEX by 202.5% during the third quarter. Millennium Management LLC now owns 1,530,983 shares of the company’s stock valued at $6,706,000 after acquiring an additional 1,024,911 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in VTEX in the third quarter worth $4,412,000. Citadel Advisors LLC boosted its position in VTEX by 524.5% in the third quarter. Citadel Advisors LLC now owns 1,012,225 shares of the company’s stock worth $4,434,000 after purchasing an additional 850,132 shares during the last quarter. Finally, Polar Capital Holdings Plc grew its stake in VTEX by 11.9% in the 3rd quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company’s stock valued at $30,809,000 after purchasing an additional 748,712 shares during the period. Institutional investors own 63.69% of the company’s stock.

VTEX Company Profile

(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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