VTEX’s (VTEX) Market Perform Rating Reaffirmed at Itau BBA Securities

VTEX (NYSE:VTEX)‘s stock had its “market perform” rating reiterated by investment analysts at Itau BBA Securities in a report released on Tuesday,Benzinga reports. They currently have a $4.50 price objective on the stock. Itau BBA Securities’ price target would suggest a potential upside of 22.78% from the company’s previous close.

A number of other brokerages have also issued reports on VTEX. Weiss Ratings lowered shares of VTEX from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Bradesco Corretora lowered shares of VTEX to a “neutral” rating and set a $4.50 target price for the company. in a research report on Friday, August 7th. Finally, UBS Group raised their target price on shares of VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, VTEX presently has an average rating of “Hold” and an average target price of $4.99.

VTEX Price Performance

Shares of VTEX stock opened at $3.67 on Tuesday. The stock’s 50-day simple moving average is $3.98 and its 200-day simple moving average is $3.79. VTEX has a 52 week low of $2.84 and a 52 week high of $4.73. The company has a market capitalization of $624.85 million, a price-to-earnings ratio of 22.91, a PEG ratio of 0.51 and a beta of 1.02. 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 released its earnings results on Friday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $64.39 million during the quarter, compared to analysts’ expectations of $64.69 million. VTEX had a return on equity of 12.98% and a net margin of 11.98%. As a group, analysts expect that VTEX will post 0.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Andre Spolidoro Ferreira Gomes sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $4.04, for a total value of $60,600.00. Following the completion of the sale, the insider directly owned 301,431 shares of the company’s stock, valued at $1,217,781.24. This trade represents a 4.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 94,928 shares of company stock worth $386,522 over the last quarter. Insiders own 40.93% of the company’s stock.

Institutional Trading of VTEX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its holdings in VTEX by 11.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,306 shares of the company’s stock valued at $122,000 after acquiring an additional 3,389 shares during the period. Van ECK Associates Corp lifted its holdings in VTEX by 18.5% during 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 lifted its holdings in VTEX by 6.3% during the 4th quarter. Barclays PLC now owns 87,792 shares of the company’s stock valued at $330,000 after buying an additional 5,169 shares in the last quarter. Summit Securities Group LLC purchased a new stake in VTEX in the 1st quarter valued at about $29,000. Finally, MQS Management LLC grew its stake in VTEX by 59.0% in the 4th 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 owned by hedge funds and other 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.