VTEX (NYSE:VTEX) Upgraded at Brean Capital

Brean Capital upgraded shares of VTEX (NYSE:VTEX) from a hold rating to a buy rating in a report issued on Wednesday, MarketBeat.com reports. The firm currently has $5.00 price target on the stock.

Other analysts also recently issued research reports about the company. Weiss Ratings downgraded VTEX from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 4th. Wall Street Zen upgraded VTEX from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. Finally, UBS Group cut VTEX from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $8.00 to $4.00 in a research report on Wednesday, January 14th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $5.97.

VTEX Stock Down 4.2%

VTEX stock opened at $3.80 on Wednesday. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 0.01. VTEX has a 1-year low of $2.84 and a 1-year high of $6.82. The firm’s fifty day simple moving average is $3.39 and its 200-day simple moving average is $3.87. The company has a market capitalization of $693.73 million, a P/E ratio of 34.50, a P/E/G ratio of 0.63 and a beta of 1.31.

VTEX (NYSE:VTEX) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. VTEX had a net margin of 8.32% and a return on equity of 8.24%. The firm had revenue of $67.95 million during the quarter, compared to analysts’ expectations of $68.11 million. Sell-side analysts forecast that VTEX will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On VTEX

A number of hedge funds have recently bought and sold shares of VTEX. Ameritas Investment Partners Inc. bought a new position in shares of VTEX in the second quarter worth about $39,000. State of Wyoming acquired a new position in shares of VTEX during the 2nd quarter worth about $59,000. Aquatic Capital Management LLC bought a new stake in VTEX during the 3rd quarter valued at approximately $41,000. ProShare Advisors LLC bought a new stake in VTEX during the 4th quarter valued at approximately $39,000. Finally, Teacher Retirement System of Texas acquired a new stake in VTEX in the 2nd quarter valued at approximately $69,000. 63.69% of the stock is currently owned by institutional investors.

About VTEX

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.