VTEX (NYSE:VTEX) Stock Rating Upgraded by Wall Street Zen

VTEX (NYSE:VTEX) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

VTEX has been the subject of a number of other research reports. JPMorgan Chase & Co. decreased their price objective on shares of VTEX from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Weiss Ratings restated a “hold (c-)” rating on shares of VTEX in a research report on Tuesday, October 14th. The Goldman Sachs Group started coverage on shares of VTEX in a report on Wednesday, October 15th. They issued a “buy” rating and a $5.30 price target for the company. UBS Group lowered their price objective on shares of VTEX from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Finally, Jefferies Financial Group upgraded shares of VTEX from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $7.30 to $6.50 in a research note on Wednesday, September 17th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, VTEX currently has an average rating of “Moderate Buy” and a consensus price target of $6.96.

VTEX Stock Performance

Shares of VTEX stock opened at $3.91 on Friday. The firm has a market capitalization of $713.83 million, a P/E ratio of 43.39 and a beta of 1.34. VTEX has a 12 month low of $3.65 and a 12 month high of $6.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.10 and a quick ratio of 3.10. The company’s fifty day moving average price is $4.22 and its two-hundred day moving average price is $5.06.

VTEX (NYSE:VTEX) last issued its earnings results on Thursday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. The business had revenue of $59.61 million for the quarter, compared to analyst estimates of $59.80 million. VTEX had a net margin of 7.03% and a return on equity of 6.63%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.02 EPS. On average, research analysts anticipate that VTEX will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new position in shares of VTEX in the second quarter worth $39,000. Aquatic Capital Management LLC bought a new stake in shares of VTEX in the 3rd quarter worth approximately $41,000. Virtu Financial LLC acquired a new stake in VTEX during the third quarter valued at approximately $51,000. Sherbrooke Park Advisers LLC bought a new stake in VTEX during the third quarter worth approximately $54,000. Finally, State of Wyoming bought a new stake in VTEX during the second quarter worth approximately $59,000. 63.69% of the stock is owned by institutional investors and hedge funds.

VTEX Company Profile

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.