Wall Street Zen Upgrades VTEX (NYSE:VTEX) to Strong-Buy

by · The Cerbat Gem

VTEX (NYSE:VTEX – Get Free Report) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Monday.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. decreased their price objective on VTEX from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Jefferies Financial Group upgraded shares of VTEX from a “hold” rating to a “buy” rating and reduced their target price for the stock from $7.30 to $6.50 in a report on Wednesday, September 17th. The Goldman Sachs Group initiated coverage on VTEX in a research note on Wednesday, October 15th. They issued a “buy” rating and a $5.30 price objective for the company. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of VTEX in a research report on Tuesday, October 14th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, VTEX presently has an average rating of “Moderate Buy” and an average price target of $6.96.

Get Our Latest Stock Analysis on VTEX

VTEX Trading Down 0.7%

VTEX stock opened at $3.73 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.10 and a quick ratio of 3.10. VTEX has a 1-year low of $3.65 and a 1-year high of $6.93. The business has a 50 day simple moving average of $4.08 and a two-hundred day simple moving average of $4.84. The company has a market capitalization of $680.93 million, a price-to-earnings ratio of 41.39 and a beta of 1.33.

VTEX (NYSE:VTEX – Get Free Report) last announced its quarterly 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. VTEX had a net margin of 7.03% and a return on equity of 6.63%. The company had revenue of $59.61 million for the quarter, compared to the consensus estimate of $59.80 million. During the same period in the previous year, the firm posted $0.02 EPS. VTEX’s revenue for the quarter was up 6.5% compared to the same quarter last year. Research analysts anticipate that VTEX will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On VTEX

A number of large investors have recently bought and sold shares of the business. Nuveen LLC bought a new position in VTEX in the 1st quarter valued at $7,016,000. HighTower Advisors LLC boosted its stake in shares of VTEX by 50.4% during the first quarter. HighTower Advisors LLC now owns 34,449 shares of the company’s stock valued at $175,000 after purchasing an additional 11,548 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of VTEX by 14.0% in the first quarter. Russell Investments Group Ltd. now owns 406,678 shares of the company’s stock worth $2,064,000 after purchasing an additional 50,018 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new position in VTEX in the 1st quarter worth about $672,000. Finally, Trexquant Investment LP increased its stake in VTEX by 11.3% in the 1st quarter. Trexquant Investment LP now owns 536,977 shares of the company’s stock worth $2,722,000 after buying an additional 54,421 shares during the period. Hedge funds and other institutional investors own 63.69% of the company’s stock.

About VTEX

(Get Free Report)

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.

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