VTEX (NYSE:VTEX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of VTEX (NYSE:VTEX) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday morning.

Several other research analysts have also issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of VTEX from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of VTEX in a research report on Friday, January 9th. Finally, UBS Group lowered shares of VTEX from a “buy” rating to a “neutral” rating and dropped their target price for the company from $8.00 to $4.00 in a report on Wednesday, January 14th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, VTEX has an average rating of “Moderate Buy” and a consensus price target of $6.16.

VTEX Trading Up 2.1%

Shares of VTEX stock opened at $3.17 on Friday. VTEX has a 1-year low of $2.99 and a 1-year high of $6.89. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.01. The stock has a market cap of $578.56 million, a price-to-earnings ratio of 35.17 and a beta of 1.34. The stock has a 50-day moving average of $3.50 and a 200-day moving average of $4.01.

Institutional Investors Weigh In On VTEX

A number of large investors have recently bought and sold shares of VTEX. Envestnet Asset Management Inc. raised its holdings in shares of VTEX by 6.4% during the second quarter. Envestnet Asset Management Inc. now owns 36,156 shares of the company’s stock valued at $239,000 after purchasing an additional 2,169 shares during the period. Van ECK Associates Corp increased its position in VTEX by 18.5% in the 3rd quarter. Van ECK Associates Corp now owns 30,759 shares of the company’s stock valued at $135,000 after buying an additional 4,802 shares in the last quarter. Barclays PLC raised its stake in VTEX by 6.3% during the 4th quarter. Barclays PLC now owns 87,792 shares of the company’s stock worth $330,000 after buying an additional 5,169 shares during the period. Ameritas Investment Partners Inc. acquired a new position in VTEX during the 2nd quarter worth approximately $39,000. Finally, MQS Management LLC boosted its holdings in VTEX by 59.0% in the fourth quarter. MQS Management LLC now owns 23,512 shares of the company’s stock worth $88,000 after acquiring an additional 8,722 shares in the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.

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.