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

VTEX (NYSE:VTEX) has received an average recommendation of “Moderate Buy” from the five analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $9.94.

Several research analysts have commented on the stock. UBS Group decreased their target price on shares of VTEX from $12.50 to $11.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Citigroup assumed coverage on VTEX in a report on Thursday, December 5th. They issued a “neutral” rating and a $6.70 price objective for the company.

VTEX Trading Down 2.8 %

Shares of NYSE VTEX opened at $5.80 on Tuesday. VTEX has a 12-month low of $5.60 and a 12-month high of $9.59. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 96.68 and a beta of 1.34. The stock’s 50 day simple moving average is $6.31 and its 200 day simple moving average is $6.74.

VTEX (NYSE:VTEX) last posted its earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. The company had revenue of $56.00 million for the quarter, compared to analysts’ expectations of $57.20 million. VTEX had a return on equity of 3.60% and a net margin of 3.97%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the business posted ($0.01) earnings per share. As a group, equities analysts forecast that VTEX will post 0.09 earnings per share for the current fiscal year.

Institutional Trading of VTEX

Institutional investors have recently made changes to their positions in the stock. nVerses Capital LLC acquired a new position in shares of VTEX during the second quarter valued at approximately $40,000. Constellation Investimentos e Participacoes Ltda acquired a new position in shares of VTEX during the 2nd quarter valued at $296,000. Acadian Asset Management LLC lifted its holdings in shares of VTEX by 23.0% in the second quarter. Acadian Asset Management LLC now owns 1,689,205 shares of the company’s stock valued at $12,233,000 after buying an additional 315,507 shares during the period. American Century Companies Inc. lifted its holdings in shares of VTEX by 34.1% in the second quarter. American Century Companies Inc. now owns 1,329,824 shares of the company’s stock valued at $9,655,000 after buying an additional 338,527 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in VTEX by 15.9% during the second quarter. Renaissance Technologies LLC now owns 938,800 shares of the company’s stock worth $6,816,000 after acquiring an additional 129,100 shares during the period. 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.