VTEX (NYSE:VTEX) Receives Average Recommendation of “Hold” from Brokerages

VTEX (NYSE:VTEX) has earned a consensus rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $5.9833.

A number of brokerages recently weighed in on VTEX. UBS Group increased their price target on shares of VTEX from $4.00 to $4.10 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings cut shares of VTEX from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Brean Capital upgraded shares of VTEX from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research note on Wednesday, March 11th. Finally, Wall Street Zen upgraded shares of VTEX from a “buy” rating to a “strong-buy” rating in a research note on Sunday, April 12th.

Institutional Trading of VTEX

Large investors have recently bought and sold shares of the business. Summit Securities Group LLC acquired a new stake in VTEX during the 1st quarter worth $29,000. ProShare Advisors LLC acquired a new stake in VTEX during the 4th quarter worth $39,000. Aquatic Capital Management LLC acquired a new stake in shares of VTEX in the 3rd quarter worth $41,000. Ieq Capital LLC acquired a new stake in shares of VTEX in the 4th quarter worth $41,000. Finally, nVerses Capital LLC acquired a new stake in shares of VTEX in the 4th quarter worth $49,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

VTEX Price Performance

NYSE VTEX opened at $3.53 on Friday. The firm’s fifty day moving average price is $3.92 and its 200 day moving average price is $3.75. The company has a market capitalization of $600.98 million, a price-to-earnings ratio of 29.38, a price-to-earnings-growth ratio of 0.48 and a beta of 1.05. VTEX has a 12 month low of $2.84 and a 12 month high of $6.82.

VTEX (NYSE:VTEX) last posted its 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). The company had revenue of $60.70 million during the quarter, compared to analysts’ expectations of $60.65 million. VTEX had a net margin of 9.40% and a return on equity of 9.68%. As a group, sell-side analysts forecast that VTEX will post 0.19 earnings per share for the current year.

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.