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

VTEX (NYSE:VTEX) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

VTEX has been the topic of several other reports. Jefferies Financial Group raised VTEX from a “hold” rating to a “buy” rating and dropped their target price for the stock from $7.30 to $6.50 in a research report on Wednesday, September 17th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $6.00 price objective (down previously from $7.50) on shares of VTEX in a research report on Friday, August 8th. The Goldman Sachs Group began coverage on shares of VTEX in a research note on Wednesday, October 15th. They issued a “buy” rating and a $5.30 target price for the company. UBS Group cut their price target on shares of VTEX from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of VTEX in a report on Tuesday, October 14th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.16.

VTEX Stock Down 9.6%

VTEX stock traded down $0.42 during trading hours on Friday, hitting $3.91. The company had a trading volume of 4,608,354 shares, compared to its average volume of 1,301,037. VTEX has a fifty-two week low of $3.65 and a fifty-two week high of $6.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.31 and a quick ratio of 3.31. The firm has a market capitalization of $713.83 million, a P/E ratio of 43.39 and a beta of 1.33. The firm’s fifty day moving average is $4.33 and its 200-day moving average is $5.32.

VTEX (NYSE:VTEX) last issued 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. VTEX had a net margin of 7.03% and a return on equity of 6.57%. The company had revenue of $59.61 million during the quarter, compared to analyst estimates of $59.80 million. During the same quarter last year, the business posted $0.02 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, research analysts forecast that VTEX will post 0.08 earnings per share for the current year.

Institutional Trading of VTEX

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund increased its position in VTEX by 41.5% in the 1st quarter. New York State Common Retirement Fund now owns 147,410 shares of the company’s stock worth $747,000 after buying an additional 43,259 shares during the period. TimesSquare Capital Management LLC bought a new stake in shares of VTEX in the first quarter valued at approximately $661,000. Nuveen LLC acquired a new stake in shares of VTEX in the first quarter worth $7,016,000. HighTower Advisors LLC raised its stake in VTEX by 50.4% during the 1st 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 last quarter. Finally, Russell Investments Group Ltd. raised its stake in VTEX by 14.0% during the 1st quarter. Russell Investments Group Ltd. now owns 406,678 shares of the company’s stock valued at $2,064,000 after purchasing an additional 50,018 shares during the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

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.