VTEX (NYSE:VTEX) Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of VTEX (NYSE:VTEX) from a strong-buy rating to a buy rating in a research report report published on Sunday,Wall Street Zen reports.

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

VTEX Trading Up 3.9%

NYSE VTEX opened at $4.17 on Friday. The business’s 50-day moving average price is $3.72 and its two-hundred day moving average price is $3.84. VTEX has a 12 month low of $2.84 and a 12 month high of $4.62. The firm has a market capitalization of $711.80 million, a PE ratio of 26.10, a price-to-earnings-growth ratio of 0.50 and a beta of 0.94. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.02.

VTEX (NYSE:VTEX) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.06 earnings per share for the quarter, beating 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 company had revenue of $64.39 million during the quarter, compared to analysts’ expectations of $64.69 million. On average, analysts expect that VTEX will post 0.21 EPS for the current year.

Insider Buying and Selling

In other VTEX news, Director Alejandro Scannapieco sold 11,994 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $3.67, for a total value of $44,017.98. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider André Spolidoro sold 15,000 shares of the firm’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 sale, the insider directly owned 301,431 shares of the company’s stock, valued at $1,217,781.24. This trade represents a 4.74% decrease in their position. 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. 40.93% of the stock is owned by company insiders.

Institutional Investors Weigh In On VTEX

Hedge funds and other institutional investors have recently modified their holdings of the company. Summit Securities Group LLC purchased a new position in shares of VTEX during the first quarter worth approximately $29,000. AXQ Capital LP bought a new stake in shares of VTEX in the 2nd quarter worth approximately $47,000. Corient Private Wealth LP bought a new stake in shares of VTEX in the 2nd quarter worth approximately $58,000. Public Employees Retirement System of Ohio purchased a new stake in shares of VTEX in the 2nd quarter valued at $67,000. Finally, State of Wyoming purchased a new stake in shares of VTEX in the 1st quarter valued at $70,000. Institutional investors own 63.69% of the company’s stock.

VTEX Company Profile

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.