VTEX (NYSE:VTEX) Stock Price Up 8.6% – Should You Buy?

VTEX (NYSE:VTEX) shares rose 8.6% on Monday . The stock traded as high as $4.08 and last traded at $4.0950. Approximately 261,561 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 1,246,895 shares. The stock had previously closed at $3.77.

Analyst Upgrades and Downgrades

VTEX has been the subject of several recent research reports. Brean Capital upgraded shares of VTEX from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research note on Wednesday, March 11th. Wall Street Zen raised shares of VTEX from a “buy” rating to a “strong-buy” rating in a research note on Sunday, April 12th. Weiss Ratings raised shares of VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 21st. Finally, UBS Group boosted their price objective on shares of VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a research note on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $5.98.

VTEX Price Performance

The firm’s 50 day moving average is $3.86 and its 200 day moving average is $3.70. The company has a market cap of $662.35 million, a PE ratio of 32.38, a PEG ratio of 0.57 and a beta of 1.05.

VTEX (NYSE:VTEX) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $60.70 million for 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, analysts anticipate that VTEX will post 0.19 EPS for the current year.

Insider Buying and Selling

In other VTEX news, Director Alejandro Raul Scannapieco sold 15,937 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $3.59, for a total value of $57,213.83. Following the completion of the transaction, the director owned 9,965 shares of the company’s stock, valued at $35,774.35. The trade was a 61.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 76,633 shares of company stock valued at $301,943. 40.93% of the stock is owned by insiders.

Hedge Funds Weigh In On VTEX

A number of hedge funds and other institutional investors have recently bought and sold shares of VTEX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in VTEX by 37.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,822 shares of the company’s stock worth $187,000 after buying an additional 10,110 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in VTEX by 61.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 220,758 shares of the company’s stock worth $1,119,000 after buying an additional 84,189 shares in the last quarter. Jane Street Group LLC grew its stake in VTEX by 1,570.1% in the 1st quarter. Jane Street Group LLC now owns 187,146 shares of the company’s stock worth $949,000 after buying an additional 175,940 shares in the last quarter. Geode Capital Management LLC purchased a new position in VTEX in the 2nd quarter worth approximately $4,543,000. Finally, Rhumbline Advisers purchased a new position in VTEX in the 2nd quarter worth approximately $392,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

VTEX Company Profile

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.