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

Shares of VTEX (NYSE:VTEX) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $5.18.

Several equities research analysts have recently weighed in on VTEX shares. Wall Street Zen raised VTEX from a “buy” rating to a “strong-buy” rating in a research report on Sunday, April 12th. UBS Group boosted their target price on shares of VTEX from $4.00 to $4.10 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Weiss Ratings raised shares of VTEX from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 16th.

VTEX Stock Performance

NYSE VTEX opened at $4.53 on Thursday. The stock has a 50-day simple moving average of $3.88 and a 200 day simple moving average of $3.72. VTEX has a twelve month low of $2.84 and a twelve month high of $6.23. The stock has a market capitalization of $771.47 million, a PE ratio of 37.71, a P/E/G ratio of 0.61 and a beta of 1.03.

VTEX (NYSE:VTEX) last released its earnings results on Thursday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The business had revenue of $60.70 million during the quarter, compared to analyst estimates of $60.65 million. VTEX had a net margin of 9.40% and a return on equity of 9.68%. As a group, equities research analysts forecast that VTEX will post 0.19 EPS for the current fiscal year.

Insider Activity at VTEX

In other news, Director Alejandro Raul Scannapieco sold 15,937 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $3.59, for a total transaction of $57,213.83. Following the completion of the transaction, the director owned 9,965 shares of the company’s stock, valued at approximately $35,774.35. This represents a 61.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 84,749 shares of company stock worth $334,996 over the last three months. 40.93% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On VTEX

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its holdings in VTEX by 11.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,306 shares of the company’s stock valued at $122,000 after acquiring an additional 3,389 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of VTEX by 18.5% during the 3rd quarter. Van ECK Associates Corp now owns 30,759 shares of the company’s stock worth $135,000 after purchasing an additional 4,802 shares in the last quarter. Barclays PLC grew its holdings in shares of VTEX by 6.3% during the 4th quarter. Barclays PLC now owns 87,792 shares of the company’s stock worth $330,000 after purchasing an additional 5,169 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of VTEX during the first quarter valued at approximately $29,000. Finally, MQS Management LLC increased its position in shares of VTEX by 59.0% during the fourth quarter. MQS Management LLC now owns 23,512 shares of the company’s stock valued at $88,000 after purchasing an additional 8,722 shares during the period. 63.69% of the stock is currently owned by institutional investors.

About VTEX

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.