UBS Group Boosts VTEX (NYSE:VTEX) Price Target to $12.00

VTEX (NYSE:VTEX) had its price objective hoisted by UBS Group from $8.50 to $12.00 in a research note published on Monday, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on VTEX. JPMorgan Chase & Co. increased their target price on shares of VTEX from $6.50 to $9.00 and gave the stock a neutral rating in a research report on Friday, March 1st. Bank of America increased their price objective on shares of VTEX from $8.50 to $12.00 and gave the stock a buy rating in a report on Monday, January 22nd. Morgan Stanley raised shares of VTEX from an equal weight rating to an overweight rating and increased their price objective for the stock from $5.50 to $8.00 in a report on Friday, January 5th. Finally, Piper Sandler increased their price objective on shares of VTEX from $9.00 to $10.00 and gave the stock an overweight rating in a report on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, VTEX has an average rating of Moderate Buy and a consensus target price of $8.44.

VTEX Price Performance

NYSE:VTEX opened at $8.22 on Monday. The stock has a market cap of $1.51 billion, a P/E ratio of -117.41 and a beta of 1.42. VTEX has a one year low of $3.24 and a one year high of $9.59. The company has a fifty day moving average price of $8.12 and a 200 day moving average price of $6.84. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.45 and a quick ratio of 3.45.

VTEX (NYSE:VTEX) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.02 earnings per share (EPS) for the quarter. VTEX had a negative net margin of 6.48% and a negative return on equity of 5.16%. The company had revenue of $60.70 million during the quarter, compared to analysts’ expectations of $57.07 million. The business’s quarterly revenue was up 33.4% on a year-over-year basis. Analysts anticipate that VTEX will post -0.03 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Exchange Traded Concepts LLC bought a new position in VTEX in the fourth quarter valued at approximately $28,000. State of Wyoming bought a new position in VTEX in the second quarter valued at approximately $34,000. Fox Run Management L.L.C. bought a new position in VTEX in the third quarter valued at approximately $53,000. UBS Group AG lifted its stake in VTEX by 137.2% in the fourth quarter. UBS Group AG now owns 14,260 shares of the company’s stock valued at $53,000 after buying an additional 8,247 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in VTEX in the fourth quarter valued at approximately $56,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

About VTEX

VTEX provides software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce strategy, including building online stores, integrating, and managing orders across channels, and creating marketplaces to sell products from third-party vendors.