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

Shares of VTEX (NYSE:VTEX) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $5.9833.

Several research firms recently weighed in on VTEX. Brean Capital raised VTEX from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a report on Wednesday, March 11th. UBS Group raised their price objective on VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a report on Friday, May 8th. Wall Street Zen raised VTEX from a “buy” rating to a “strong-buy” rating in a report on Sunday, April 12th. Finally, Weiss Ratings raised VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 21st.

VTEX Stock Up 0.1%

NYSE VTEX opened at $3.54 on Wednesday. VTEX has a twelve month low of $2.84 and a twelve month high of $6.82. The company has a market cap of $602.68 million, a price-to-earnings ratio of 29.46, a price-to-earnings-growth ratio of 0.49 and a beta of 1.05. The business’s fifty day moving average is $3.85 and its 200 day moving average is $3.69.

VTEX (NYSE:VTEX) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). VTEX had a net margin of 9.40% and a return on equity of 9.68%. The firm had revenue of $60.70 million for the quarter, compared to analyst estimates of $60.65 million. On average, research analysts anticipate that VTEX will post 0.19 earnings per share for the current fiscal year.

Insider Transactions at VTEX

In related news, Director Alejandro Raul Scannapieco sold 15,937 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $3.59, for a total transaction of $57,213.83. Following the completion of the transaction, the director directly owned 9,965 shares of the company’s stock, valued at $35,774.35. This trade represents a 61.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 86,249 shares of company stock worth $340,407. 40.93% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in VTEX by 56.0% during the 1st quarter. Bank of America Corp DE now owns 683,062 shares of the company’s stock worth $2,732,000 after purchasing an additional 245,306 shares during the last quarter. Sei Investments Co. bought a new position in VTEX during the 1st quarter worth $844,000. Globeflex Capital L P bought a new position in VTEX during the 1st quarter worth $1,144,000. State of Wyoming bought a new position in VTEX during the 1st quarter worth $70,000. Finally, Principal Financial Group Inc. raised its position in VTEX by 32.2% during the 1st quarter. Principal Financial Group Inc. now owns 330,139 shares of the company’s stock worth $1,321,000 after purchasing an additional 80,460 shares during the last quarter. 63.69% of the stock is owned by institutional investors.

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.