VTEX (NYSE:VTEX) Stock Has Consensus Target Price of $4.69

VTEX (NYSE:VTEX) has earned a consensus recommendation of “Hold” from the nine research firms that are covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $4.69.

Several equities analysts recently issued reports on the stock. Morgan Stanley set a $4.00 price target on shares of VTEX and gave the company an “equal weight” rating in a research report on Friday, August 28th. Weiss Ratings cut VTEX from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Jefferies Financial Group reiterated a “buy” rating and set a $5.10 target price on shares of VTEX in a report on Thursday, August 27th. Itau BBA Securities reissued a “market perform” rating and issued a $4.50 target price on shares of VTEX in a research report on Tuesday, August 25th. Finally, Bradesco Corretora cut VTEX to a “neutral” rating and set a $4.50 target price for the company. in a research note on Friday, August 7th.

Insider Buying and Selling at VTEX

In other VTEX news, insider André Spolidoro sold 15,000 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $4.04, for a total transaction of $60,600.00. Following the completion of the transaction, the insider owned 301,431 shares of the company’s stock, valued at approximately $1,217,781.24. This trade represents a 4.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alejandro Scannapieco sold 11,994 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $3.67, for a total transaction of $44,017.98. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 87,690 shares of company stock worth $353,612. 40.93% of the stock is owned by insiders.

Institutional Investors Weigh In On VTEX

Several hedge funds have recently bought and sold shares of the business. Corient Private Wealth LP purchased a new stake in VTEX in the second quarter worth about $58,000. AXQ Capital LP bought a new stake in shares of VTEX in the 2nd quarter worth approximately $47,000. Public Employees Retirement System of Ohio bought a new stake in shares of VTEX in the 2nd quarter worth approximately $67,000. Globeflex Capital L P purchased a new stake in shares of VTEX in the 2nd quarter worth approximately $1,144,000. Finally, Bank of America Corp DE grew its stake in shares of VTEX by 56.0% in the 1st quarter. Bank of America Corp DE now owns 683,062 shares of the company’s stock worth $2,732,000 after buying an additional 245,306 shares during the last quarter. Institutional investors own 63.69% of the company’s stock.

VTEX Stock Performance

Shares of VTEX stock opened at $3.60 on Friday. The firm has a market capitalization of $612.91 million, a price-to-earnings ratio of 22.47, a PEG ratio of 0.45 and a beta of 0.99. The stock has a fifty day moving average of $3.84 and a 200 day moving average of $3.85. VTEX has a 52 week low of $2.84 and a 52 week high of $4.62. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.02.

VTEX (NYSE:VTEX) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. VTEX had a net margin of 11.98% and a return on equity of 12.98%. The business had revenue of $64.39 million for the quarter, compared to the consensus estimate of $64.69 million. As a group, research analysts expect that VTEX will post 0.21 earnings per share for the current year.

About VTEX

VTEX is a global cloud commerce company that provides software for businesses to create, manage and expand digital commerce operations. Its platform supports online stores, marketplaces and unified commerce initiatives, helping companies connect digital and physical sales channels.

VTEX’s product offering includes commerce management, order management, marketplace capabilities, customer and seller tools, payments integrations, promotions, search and merchandising, and content management.