Brokerages Set VTEX (NYSE:VTEX) Price Target at $8.44

Shares of VTEX (NYSE:VTEX) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $8.44.

Several research firms recently commented on VTEX. Morgan Stanley raised VTEX from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $5.50 to $8.00 in a research note on Friday, January 5th. JPMorgan Chase & Co. lifted their price target on shares of VTEX from $6.50 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Piper Sandler raised their price objective on shares of VTEX from $9.00 to $10.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. UBS Group increased their target price on VTEX from $8.50 to $12.00 and gave the company a “buy” rating in a report on Monday, March 25th. Finally, Bank of America lifted their price target on VTEX from $8.50 to $12.00 and gave the stock a “buy” rating in a report on Monday, January 22nd.

Institutional Investors Weigh In On VTEX

A number of institutional investors have recently bought and sold shares of the stock. Dynamo Internacional Gestao DE Recursos LTDA. increased its holdings in VTEX by 106.6% in the 3rd quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 6,611,822 shares of the company’s stock valued at $33,125,000 after purchasing an additional 3,410,937 shares in the last quarter. Capital Research Global Investors lifted its position in VTEX by 19.3% during the 1st quarter. Capital Research Global Investors now owns 4,129,649 shares of the company’s stock worth $25,397,000 after acquiring an additional 667,849 shares in the last quarter. Fourth Sail Capital LP purchased a new position in VTEX in the 4th quarter worth approximately $22,122,000. Bank of New York Mellon Corp acquired a new stake in VTEX in the first quarter valued at approximately $8,747,000. Finally, Absoluto Partners Gestao de Recursos Ltda purchased a new stake in shares of VTEX during the fourth quarter valued at approximately $7,899,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

VTEX Stock Down 1.7 %

Shares of NYSE:VTEX opened at $7.58 on Wednesday. The business has a 50-day moving average price of $8.13 and a 200 day moving average price of $7.16. VTEX has a 12-month low of $3.24 and a 12-month high of $9.59. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of -108.27 and a beta of 1.41.

VTEX (NYSE:VTEX) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.02 EPS for the quarter. The business had revenue of $60.70 million during the quarter, compared to analyst estimates of $57.07 million. VTEX had a negative return on equity of 5.16% and a negative net margin of 6.48%. The firm’s quarterly revenue was up 33.4% on a year-over-year basis. Sell-side analysts expect that VTEX will post -0.03 EPS for the current year.

About VTEX

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.