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

VTEX (NYSE:VTEX) has earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $5.18.

A number of brokerages have recently issued reports on VTEX. UBS Group boosted their price objective on VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings upgraded VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 21st. Wall Street Zen raised VTEX from a “buy” rating to a “strong-buy” rating in a research note on Sunday, April 12th. Finally, Brean Capital raised VTEX from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research note on Wednesday, March 11th.

VTEX Stock Up 0.1%

VTEX stock opened at $4.14 on Friday. The firm has a market cap of $706.68 million, a price-to-earnings ratio of 34.54, a PEG ratio of 0.57 and a beta of 1.03. VTEX has a 12-month low of $2.84 and a 12-month high of $6.82. The company’s fifty day simple moving average is $3.74 and its 200 day simple moving average is $3.67.

VTEX (NYSE:VTEX) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). VTEX had a net margin of 9.40% and a return on equity of 9.68%. The firm had revenue of $60.70 million for the quarter, compared to the consensus estimate of $60.65 million. Research analysts expect that VTEX will post 0.19 earnings per share for the current year.

Insider Buying and Selling at VTEX

In other news, Director Alejandro Raul Scannapieco sold 15,937 shares of VTEX stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $3.59, for a total value of $57,213.83. Following the completion of the sale, the director owned 9,965 shares in the company, valued at $35,774.35. The trade was a 61.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have sold 95,865 shares of company stock valued at $379,159. Insiders own 40.93% of the company’s stock.

Institutional Investors Weigh In On VTEX

Large investors have recently bought and sold shares of the stock. Polar Capital Holdings Plc increased its stake in VTEX by 11.9% in the third quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company’s stock valued at $30,809,000 after purchasing an additional 748,712 shares in the last quarter. Millennium Management LLC grew its stake in shares of VTEX by 36.6% in the 4th quarter. Millennium Management LLC now owns 2,091,811 shares of the company’s stock valued at $7,865,000 after buying an additional 560,828 shares during the period. State Street Corp grew its stake in shares of VTEX by 7.7% in the 4th quarter. State Street Corp now owns 1,590,672 shares of the company’s stock valued at $5,981,000 after buying an additional 114,256 shares during the period. Citadel Advisors LLC increased its position in VTEX by 524.5% in the 3rd quarter. Citadel Advisors LLC now owns 1,012,225 shares of the company’s stock valued at $4,434,000 after buying an additional 850,132 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in VTEX in the 3rd quarter valued at about $4,412,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

VTEX Company Profile

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.