VTEX (NYSE:VTEX) Receives Consensus Rating of “Moderate Buy” from Analysts

VTEX (NYSE:VTEX) has been assigned an average rating of “Moderate Buy” from the five research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $9.94.

A number of brokerages have recently issued reports on VTEX. Citigroup began coverage on VTEX in a research report on Thursday, December 5th. They set a “neutral” rating and a $6.70 target price on the stock. UBS Group cut their target price on VTEX from $12.50 to $11.00 and set a “buy” rating on the stock in a research report on Friday, December 20th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Quarry LP increased its holdings in shares of VTEX by 105.7% in the 3rd quarter. Quarry LP now owns 3,637 shares of the company’s stock valued at $27,000 after acquiring an additional 1,869 shares during the last quarter. Employees Retirement System of Texas boosted its holdings in VTEX by 16.3% in the second quarter. Employees Retirement System of Texas now owns 26,212 shares of the company’s stock worth $190,000 after purchasing an additional 3,668 shares during the period. Barclays PLC bought a new stake in VTEX during the third quarter valued at $35,000. nVerses Capital LLC acquired a new stake in shares of VTEX during the second quarter worth $40,000. Finally, MQS Management LLC bought a new position in shares of VTEX in the 3rd quarter worth about $91,000. Institutional investors own 63.69% of the company’s stock.

VTEX Stock Down 2.8 %

Shares of NYSE:VTEX opened at $5.80 on Tuesday. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 96.68 and a beta of 1.34. The company has a 50 day moving average of $6.31 and a two-hundred day moving average of $6.74. VTEX has a 52-week low of $5.60 and a 52-week high of $9.59.

VTEX (NYSE:VTEX) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. VTEX had a net margin of 3.97% and a return on equity of 3.60%. The business had revenue of $56.00 million during the quarter, compared to analyst estimates of $57.20 million. During the same period last year, the business earned ($0.01) EPS. The business’s revenue was up 10.6% on a year-over-year basis. On average, equities analysts anticipate that VTEX will post 0.09 earnings per share for the current year.

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.