VTEX (NYSE:VTEX) Given Average Rating of “Moderate Buy” by Brokerages

VTEX (NYSE:VTEX) has been given a consensus rating of “Moderate Buy” by the six research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $9.62.

Several brokerages have recently issued reports on VTEX. Citigroup began coverage on shares of VTEX in a research report on Thursday, December 5th. They set a “neutral” rating and a $6.70 price objective for the company. UBS Group lowered their target price on VTEX from $12.50 to $11.00 and set a “buy” rating for the company in a report on Friday, December 20th.

VTEX Trading Up 0.5 %

NYSE:VTEX opened at $5.78 on Tuesday. VTEX has a 1 year low of $5.60 and a 1 year high of $9.59. The stock has a 50-day moving average price of $6.39 and a two-hundred day moving average price of $6.77. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 96.35 and a beta of 1.34.

VTEX (NYSE:VTEX) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $56.00 million during the quarter, compared to analyst estimates of $57.20 million. VTEX had a return on equity of 3.60% and a net margin of 3.97%. VTEX’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.01) EPS. Sell-side analysts forecast that VTEX will post 0.09 earnings per share for the current year.

Institutional Investors Weigh In On VTEX

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Fourth Sail Capital LP increased its position in VTEX by 125.0% during the second quarter. Fourth Sail Capital LP now owns 3,098,762 shares of the company’s stock worth $22,497,000 after buying an additional 1,721,568 shares during the last quarter. Janus Henderson Group PLC raised its stake in VTEX by 2,128.1% in the 3rd quarter. Janus Henderson Group PLC now owns 558,216 shares of the company’s stock valued at $4,144,000 after acquiring an additional 533,163 shares during the period. American Century Companies Inc. lifted its holdings in VTEX by 34.1% during the 2nd quarter. American Century Companies Inc. now owns 1,329,824 shares of the company’s stock valued at $9,655,000 after purchasing an additional 338,527 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in VTEX during the third quarter worth $2,518,000. Finally, Acadian Asset Management LLC increased its holdings in shares of VTEX by 23.0% in the second quarter. Acadian Asset Management LLC now owns 1,689,205 shares of the company’s stock valued at $12,233,000 after purchasing an additional 315,507 shares during the last quarter. Institutional investors own 63.69% of the company’s stock.

VTEX Company Profile

VTEX provides software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce strategy, including building online stores, integrating, and managing orders across channels, and creating marketplaces to sell products from third-party vendors.