VTEX (NYSE:VTEX) Given Average Rating of “Moderate Buy” by Brokerages

Shares of VTEX (NYSE:VTEX) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $6.96.

A number of analysts have recently issued reports on VTEX shares. The Goldman Sachs Group assumed coverage on shares of VTEX in a report on Wednesday, October 15th. They issued a “buy” rating and a $5.30 price objective on the stock. Wall Street Zen cut shares of VTEX from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Jefferies Financial Group upgraded shares of VTEX from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $7.30 to $6.50 in a research note on Wednesday, September 17th. JPMorgan Chase & Co. dropped their target price on VTEX from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of VTEX in a research report on Tuesday, October 14th.

VTEX Stock Performance

Shares of VTEX stock opened at $3.83 on Wednesday. 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 firm has a market cap of $699.21 million, a price-to-earnings ratio of 42.50 and a beta of 1.33. The stock’s 50-day moving average is $4.14 and its 200-day moving average is $4.94. VTEX has a one year low of $3.65 and a one year high of $6.93.

VTEX (NYSE:VTEX) last announced 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 return on equity of 6.63% and a net margin of 7.03%.VTEX’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.02 EPS. Equities analysts predict that VTEX will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On VTEX

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

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.