Wall Street Zen Upgrades VTEX (NYSE:VTEX) to “Strong-Buy”

by · The Markets Daily

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

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings cut shares of 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 objective on shares of VTEX in a research note on Thursday, August 27th. Itau BBA Securities reaffirmed a “market perform” rating and issued a $4.50 target price on shares of VTEX in a report on Tuesday, August 25th. Morgan Stanley set a $4.00 target price on shares of VTEX and gave the stock an “equal weight” rating in a research note on Friday, August 28th. Finally, Bradesco Corretora cut shares of VTEX to a “neutral” rating and set a $4.50 price target on the stock. in a report on Friday, August 7th. Three 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.com, VTEX presently has an average rating of “Hold” and a consensus target price of $4.69.

Get Our Latest Stock Analysis on VTEX

VTEX Stock Up 0.1%

VTEX stock opened at $3.65 on Friday. VTEX has a twelve month low of $2.84 and a twelve month high of $4.62. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.02. The firm has a market cap of $623.14 million, a PE ratio of 22.85, a price-to-earnings-growth ratio of 0.46 and a beta of 0.94. The business has a 50 day moving average of $3.79 and a 200 day moving average of $3.84.

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

Insiders Place Their Bets

In related news, insider André Spolidoro sold 15,000 shares of VTEX stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $4.04, for a total value of $60,600.00. Following the completion of the sale, the insider directly owned 301,431 shares in the company, valued at approximately $1,217,781.24. This trade represents a 4.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alejandro Scannapieco sold 11,994 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $3.67, for a total value of $44,017.98. The disclosure for this sale is available in the SEC filing. Over the last ninety days, 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 bought and sold shares of VTEX. Summit Securities Group LLC bought a new stake in shares of VTEX in the first quarter worth approximately $29,000. AXQ Capital LP bought a new position in VTEX during the second quarter valued at approximately $47,000. Corient Private Wealth LP bought a new position in VTEX during the second quarter valued at approximately $58,000. Public Employees Retirement System of Ohio bought a new position in VTEX during the second quarter valued at approximately $67,000. Finally, State of Wyoming purchased a new stake in VTEX in the first quarter worth approximately $70,000. Institutional investors own 63.69% of the company’s stock.

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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